Cxense ASA: Acquisition of Enreach Solutions Oy has been completed and capital increase has been resolved
Reference is made to the stock exchange announcement from Cxense ("Cxense" or the "Company") on 18 April 2018 regarding the acquisition of Enreach Solutions Oy.
Cxense has now completed the acquisition of Enreach Solutions Oy. In connection with the completion of the transaction, the board of Cxense has issued 123,789 shares in the Company as consideration to Enreach Solutions AB. The new shares were issued at a subscription price of NOK 55.
The estimated closing consideration was EUR 708 thousand pending a final closing adjustment when the closing balance sheet is available.
The share capital increase is expected to be registered with the Norwegian Register of Business Enterprises during week 18 of 2018. The Company's new share capital is NOK 45,409,005 divided into 9,081,801 shares, each with a nominal value of NOK 5.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.