MARCH 19 2015
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.
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 NORMerger 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").
Completion of the Merger has today been duly registered with the Registrar of
Companies of the State of Israel and the Merger Certificate (as defined in the
Merger Agreement) has been obtained and the Merger is henceforth effective as of
today. As a consequence of the completion of the Merger all shares in the
Company have been acquired by 24 October Holding. The shares in the Company will
no longer be tradable and the shares will be suspended from trading on the Oslo
Stock Exchange effective from today.
For more information, please see http://www.newsweb.no/newsweb/search.do?messageId=373760
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[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.