Cxense ASA: Adjustment of purchase price re acquisition of Enreach Solutions Oy by issue of shares

Reference is made to the stock exchange announcement from Cxense ("Cxense" or the "Company") on 30 April 2018 regarding the acquisition of Enreach Solutions Oy.   

In connection with the final purchase price adjustment in the transaction agreement, the board of Cxense has today issued 7,576 new shares to Enreach Solutions AB, the seller of Enreach Solutions Oy, in addition to the 123,789 shares issued on 30 April 2018. The new shares were issued at a subscription price of NOK 55.   

The share capital increase is expected to be registered with the Norwegian Register of Business Enterprises during week 43 of 2018. The Company's new share capital is NOK 45,446,885 divided into 9,089,377 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.

Investor Relations Contact

Jørgen M. Loeng

Chief Financial Officer

Email: ir@cxense.com

Mobile: +47 906 60 062