First Day of Trading for Vizrt Shares on Oslo Børs
Bergen, Norway, May 12, 2005. Completing the secondary listing of its shares in Norway and the offering of one million Vizrt shares in the Norwegian market, Vizrt announces trading of shares to start today on the Main List of Oslo Børs. The offering price was set at NOK 36.5 per share.
All of the 15,543,940 outstanding Vizrt shares will generally be tradable both on Oslo Børs and the Regulated Market of the Frankfurt Stock Exchange, where Vizrt has been listed since the IPO in November 1999. In order to trade the Vizrt shares on Oslo Børs, the relevant shares must be registered on the holders's name in the Norwegian Central Securities Depository ("VPS"). Shareholders may execute cross border trading between Norway and Germany via DnB NOR Bank ASA, Registrars Dept.
Bjarne Berg, President and CEO, stated: "Vizrt is truly a global company with its customers and offices all over the world, as well as its international employees and investors spread. As our strategy of being close to our customers benefits us, we believe that with the secondary listing in Norway we can improve the close contact with our shareholders in the Nordic region, that account for over 30% of Vizrt's shareholdings. We expect that the secondary listing will improve the liquidity of our share for the benefit of all shareholders", concluded Mr. Berg.
About Vizrt:
Vizrt is a public company traded on the Frankfurt Prime Standard: VIZ, ISIN: IL0010838154). Vizrt is the world's leading provider of real-time 2D and true 3D broadcast graphics. The company's software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, weather data integration, virtual sports analysis, information display and virtual effects.
All of the 15,543,940 outstanding Vizrt shares will generally be tradable both on Oslo Børs and the Regulated Market of the Frankfurt Stock Exchange, where Vizrt has been listed since the IPO in November 1999. In order to trade the Vizrt shares on Oslo Børs, the relevant shares must be registered on the holders's name in the Norwegian Central Securities Depository ("VPS"). Shareholders may execute cross border trading between Norway and Germany via DnB NOR Bank ASA, Registrars Dept.
Bjarne Berg, President and CEO, stated: "Vizrt is truly a global company with its customers and offices all over the world, as well as its international employees and investors spread. As our strategy of being close to our customers benefits us, we believe that with the secondary listing in Norway we can improve the close contact with our shareholders in the Nordic region, that account for over 30% of Vizrt's shareholdings. We expect that the secondary listing will improve the liquidity of our share for the benefit of all shareholders", concluded Mr. Berg.
About Vizrt:
Vizrt is a public company traded on the Frankfurt Prime Standard: VIZ, ISIN: IL0010838154). Vizrt is the world's leading provider of real-time 2D and true 3D broadcast graphics. The company's software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, weather data integration, virtual sports analysis, information display and virtual effects.
All Vizrt's graphics products are powered by a single core renderer, the unique and powerful viz|engine. Vizrt's graphics solution goes beyond the visual aspect and includes highly customized user interfaces for the designer, operator, journalist and engineer.
The world's leading broadcasters, such as CNN, CBS, BBC, Sky, ITN, ZDF, Star TV, TV Today and NHK, use Vizrt's solutions in conventional digital and high definition content delivery. Production houses and corporate institutions, including the New York Stock Exchange, are Vizrt customers.
For further information please refer to www.vizrt.com
Press contacts:
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks anduncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Press contacts:
| Bjarne Berg | Ofra Brown | SCHWARZ Financial Communication |
| President CEO | CFO | Frank Schwarz |
| +47 9055 7711 | +972 54 4955225 | +49 611 2058 095 |
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks anduncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. The distribution of this press release and the offer and sale of the securities in certain jurisdictions may be restricted by law. Any persons reading this press release should inform themselves of and observe any such restrictions.
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