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2019-10-01 16:53:07
We refer to the offer document dated 12 August 2019 (the "Offer Document") for
the voluntary offer (the "Offer") presented by Piano Software B.V. ("Piano" or
the "Offeror") for all the outstanding shares in Cxense ASA ("Cxense") and the
announcement made by Piano on 27 September 2019 that the Offer was made
unconditional and that no further extensions would be made.
Piano hereby announces that, based in the numbers available today, the Offer as
per expiry of the acceptance period on 1 October 2019 at 16:30 CEST received
acceptances for 20,410,176 shares, representing 93.00% of the outstanding shares
and votes in Cxense.
As earlier communicated, the settlement of the Offer will be conducted on
Wednesday 2 October 2019 and the tendering shareholders are expected to receive
the cash consideration for the shares settled on or about Thursday 3 October
2019.
The Offeror intends, as earlier communicated, to resolve a compulsory
acquisition of all shares in Cxense not already owned by the Offeror as soon as
possible after settlement of the Offer and well within the four-week deadline
for the compulsory acquisition, cf. the Norwegian Securities Trading Act section
6-22 (3).
For further information, please contact:
Piano
Trevor Kaufman, CEO, Piano Software, Inc.
Phone: +1 646 350 1999
Cxense
Lars B. Thoresen, Chairman of the Board of Directors, Cxense ASA
Phone: +47 957 07 494
Christian Printzell Halvorsen, CEO, Cxense ASA
Phone: +47 992 29 546
About Cxense:
Cxense helps publishers and marketers across the globe to transform their raw
data into their most valuable resource. Cxense's leading Data Management
Platform (DMP) with Intelligent Personalization, gives companies unprecedented
insight into their individual customers, and enables them to action this insight
real-time in all marketing and sales channels. Cxense Conversion Engine empowers
publishers to monetize insight into their audience's behaviour and preferences
in order to increase subscription revenues. Cxense works with brands such as The
Wall Street Journal, Aeon, Grupo Clarin, NBC, The Mainichi Newspapers,
Universal, Singapore Press Holdings and many more. Cxense is headquartered in
Norway with offices worldwide and the company is listed on the Oslo Stock
Exchange with the ticker “CXENSE”.
About Piano:
Piano, a company with operations in New York, London, and Amsterdam, offers
high-performance cloud-based software and strategic services that empower
companies to create customized digital experiences and commercial relationships
for their users. Leading businesses around the world including Hearst,
NBCUniversal, Business Insider, The Economist, Harvard Business Review, Le
Parisien, Ringier Axel Springer, Prometheus, Mansueto, The Associated Press, and
over 150 other leading organizations use Piano to power their subscription,
registration, analytics, entitlement, and personalization efforts. The company
is one of Inc’s 500 Fastest Growing Companies in North America, one of Red
Herring’s Top 100 Startups in North America, and has won Digiday, CODIE, and
numerous other awards for its innovative suite of software products.