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Tax Declaration and Payment Form – Action required by shareholders to receive payment

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Bergen, Norway, 24 March 2015, Vizrt Ltd. (Oslo Main List: VIZ).

Reference is made to the announcement of 10 November 2014 regarding the entry into by Vizrt Ltd. ("Vizrt" or the "Company") of a merger agreement (the "Merger Agreement") with 24 October Holding AG ("24 October Holding"), an entity indirectly controlled by Nordic Capital Fund VIII[1], and NOR Merger Sub Ltd. (which is a wholly-owned subsidiary of 24 October Holding), pursuant to which Nordic Capital Fund VIII will pay a cash consideration of NOK 37 (less withholding tax, if applicable) per Vizrt share for 100% of the issued share capital of the Company by way of a reverse triangular merger between NOR Merger Sub Ltd. and the Company (the "Merger") and the announcement on 19 March 2015 where it was informed that the Merger had been completed.

The attached letter has been distributed per standard mail to the shareholders of Vizrt per closing of the Merger. The Israeli Tax Declaration and the Payment Form (Exhibit A and B to the letter) must be returned to Carnegie AS in accordance with the descriptions set out therein before payment can be carried out. The former shareholders are urged to use the documents distributed per standard mail as opposed to the version attached to this announcement, since the documents circulated per standard mail contain certain pre-inserted and individualised information.


[1] Nordic Capital VIII Limited, acting in its capacity as General Partner of Nordic Capital VIII Alpha, L.P. and Nordic Capital VIII, Beta L.P.

 

Investor and media contact:

Vizrt

Dag J. Opedal / Chairman of the Board / +47 90 04 04 60 / djopedal@gmail.com

Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com


Nordic Capital

Katarina Janerud, Communications Manager,
NC Advisory AB, advisor to the Nordic Capital Funds

Tel: +46 709 69 69 99

e-mail: katarina.janerud@nordiccapital.com

 

About Vizrt:

Vizrt provides real-time 3D graphics, studio automation, sports analysis and asset management tools for the broadcast industry - interactive and virtual solutions, animations, maps, weather, video editing and compositing tools. Vizrt's products are used by the world's leading broadcasters, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, and NHK. Furthermore, many world-class production houses and corporate institutions such as the Stock Exchanges in New York and London use Vizrt systems.

Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com

About Nordic Capital Funds:

Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital Funds enable value creation in their investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com.   


Copyright © Vizrt. All rights reserved. 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 and uncertainties 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.

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