Cxense ASA: Approved Prospectus and listing of new shares
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES.
Reference is made to the stock exchange announcements dated 24 May 2016 and 1 June 2016 regarding the NOK 150 million directed share issue in Cxense ASA ("Cxense" or the "Company) by way of issue of 1,250,000 new shares (the "Private Placement Shares") and the resolution by the extraordinary general meeting of Cxense on 21 June 2016 to grant the Board of Directors an authorisation to issue up to 208,333 additional shares (the "Offer Shares") in a subsequent offering (the "Offering").
Holders of the Company's shares (the “Shares”) as of 21 June 2016, as registered in the Norwegian Securities Depository (the “VPS”) as of 23 June 2016 (T+2) (the “Record Date”) who are not resident in a jurisdiction where such offering would be unlawful, or would (in jurisdictions other than Norway) require any prospectus filing, registration or similar action and who were not allocated shares in the Private Placement (the “Eligible Shareholders”) are being granted non-transferable subscription rights (the “Subscription Rights”) that, subject to applicable law, provide preferential rights to subscribe for and be allocated Offer Shares in the Subsequent Offering. Eligible Shareholders will be granted 0.03784 Subscription Rights for each Share held. Each Subscription Right will give the right to subscribe for one (1) Offer Share. Subscription rights not used to subscribe for Offer Shares during the subscription period will have no value after the end of the subscription period, and will lapse without compensation to the holder.
The Financial Supervisory Authority of Norway has approved the prospectus for the Offering on 7 July 2016.
The subscription period commences 11 July 2016 and expires on 25 July 2016 at 16:30 (CET). The subscription price per Offer Share is NOK 120, equal to the subscription price per Private Placement Share.
The prospectus also concludes the listing of the 1,250,000 Private Placement Shares. The Private Placement Shares will be listed on Oslo Axess as soon as the prospectus has been published.
The prospectus will be available at www.cxense.com, www.arctic.com and at the offices of Cxense and Arctic Securities AS.
Arctic Securities AS is acting as Manager for the Offering.
Investor Relations contact:
Jørgen Loeng, Chief Financial Officer
Mobile: +47 906 60 062
Cxense (pronounced "see-sense") enables the world's leading media, e-commerce and consumer brands to take control of their audience data to deliver more engaging and personalized user experiences. Businesses using Cxense's advanced real-time analytics, data management (DMP), advertising, search and personalization technology gain more engaged users, increased digital revenue and higher sales conversions. Cxense is headquartered in Oslo, Norway, with offices worldwide.
Customers include the Wall Street Journal, USA Today (Gannett), Grupo Clarin, El Pais, Bonnier, Naspers, The Weather Channel, Ebay, The Golf Channel, PGA, NBA, NFL, ABC News, FOX Sports, Singapore Press Holdings, South China Morning Post, AEON, DMM, Rakuten and many more. For more information: www.cxense.com, Twitter: @Cxense. Cxense is listed on the Oslo Stock Exchange with the ticker 'CXENSE.'
This publication is not for distribution, directly or indirectly, in or into the United States, nor is it an offer for sale of or the solicitation of an offer to purchase securities in the United States. Any securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Copies of this publication are not being, and may not be, distributed or sent into the United States.