Cxense ASA: Completion of Subsequent Offering
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Reference is made to previous stock exchange announcements from Cxense ASA ("Cxense" or the "Company") concerning the subsequent offering of up to NOK 25 million (the "Subsequent Offering"). The subscription period in the Subsequent Offering ended yesterday, 25 July 2016, at 16.30 hours (CET).
The Subsequent Offering was highly oversubscribed, and as a result the Company will issue 208,333 new shares at NOK 120 per share, raising gross proceeds of NOK 25 million.
All subscribers being allotted shares in the Subsequent Offering will shortly receive a letter from VPS confirming the number of shares allotted to the subscriber and the corresponding amount to be paid. This letter is expected to be distributed on or about today's date. Payment for the new shares will fall due on 27 July 2016 and delivery is expected to take place on or about 1 August 2016.
The new shares may not be transferred or traded before they are fully paid and the share capital increase pertaining to the Subsequent Offering has been registered with the Norwegian Register of Business Enterprises. It is expected that the share capital increase will be registered in the Norwegian Register of Business Enterprises on or about 1 August 2016 and that the shares will immediately thereafter be admitted to trading on Oslo Børs. Following registration of the new shares, the total number of issued shares in the Company will be 7,553,787.
Arctic Securities AS acted 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.