Vizrt Offering Successfully Completed
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
Bergen, Norway, May 2, 2005. Vizrt announces that the offering of one million shares in the Norwegian market was successfully accomplished. The total subscription ended at approximately 3.29 million shares. The subscribers were a mix of high quality Norwegian institutions and retail investors.
Vizrt raised a gross amount of NOK 36.5 million in the offering.
Approximately 80% of the shares were allocated to institutional investors and approximately 20% to retail investors. After the share offer the company will have a total of 15,543,940 shares outstanding.
Notification of allocation to new shareholders will be distributed on or about May 2, 2005. For questions regarding allocation, please contact the arrangers DnB NOR Markets or Norse Securities.
The shares are expected to be listed on the Oslo Stock Exchange on or about May 12, 2005.
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.
Bergen, Norway, May 2, 2005. Vizrt announces that the offering of one million shares in the Norwegian market was successfully accomplished. The total subscription ended at approximately 3.29 million shares. The subscribers were a mix of high quality Norwegian institutions and retail investors.
Vizrt raised a gross amount of NOK 36.5 million in the offering.
Approximately 80% of the shares were allocated to institutional investors and approximately 20% to retail investors. After the share offer the company will have a total of 15,543,940 shares outstanding.
Notification of allocation to new shareholders will be distributed on or about May 2, 2005. For questions regarding allocation, please contact the arrangers DnB NOR Markets or Norse Securities.
The shares are expected to be listed on the Oslo Stock Exchange on or about May 12, 2005.
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.
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 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. 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.
This press release is not an offer of securities for sale in the United States. The offer and sale of the securities has not been, and will not be, registered under the United States Securities Act of 1933, as amended. The securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration.
This press release is not an offer of securities for sale in the United States. The offer and sale of the securities has not been, and will not be, registered under the United States Securities Act of 1933, as amended. The securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration.
Please click the following link to review the PDF version of this press release: