Blue Canyon Holdings AB: Blue Canyon Holdings Owns 97.4 Per Cent of the Shares and Votes in Cision and Declares Its Offer to the Shareholders in Cision Unconditional
By a News Reporter-Staff News Editor at China Weekly News -- The offer from Blue Canyon Holdings AB ("Blue Canyon Holdings"), controlled by GTCR Investment X AIV Ltd., to the shareholders of Cision AB (publ) ("Cision") expired on 5 August 2014 (the "Offer"). The Offer is made at SEK 61 per share which is the same price as Blue Canyon Holdings' previous offer which expired on 22 April 2014 (the "Previous Offer"). Blue Canyon Holdings hereby announces that the conditions for the Offer have been satisfied and that the Offer will be completed in accordance with its conditions.
At the end of the acceptance period, 3,485,185 shares had been tendered in the Offer, corresponding to approximately 23.4 per cent of the shares and votes in Cision. Blue Canyon Holdings has not acquired any shares outside the Offer during the acceptance period of the Offer. Blue Canyon Holding's total holding of shares in Cision at the end of the acceptance period was 14,515,913 shares, corresponding to approximately 97.4 per cent of the shares and votes in Cision. Blue Canyon Holdings may acquire shares in Cision in the market.
Settlement to shareholders who have accepted the Offer up until 5 August 2014 is expected to begin around 13 August 2014.
To provide shareholders in Cision that have not yet tendered their shares the opportunity to accept the Offer, Blue Canyon Holdings has decided to extend the acceptance period until 20 August 2014. Settlement for shares tendered during the extended acceptance period is expected to commence on or about 28 August 2014.
Blue Canyon Holdings will initiate compulsory acquisition of the remaining shares in Cision as well as promote a delisting of Cision's shares from NASDAQ OMX Stockholm.
Information about the Offer
For information about the Offer, please see www.bluecanyon.se.
This press release was submitted for publication on 6 August 2014 at 19:00 (CET).
This is a translation of the original Swedish language press release. In the event of discrepancies, the original Swedish wording shall prevail.
The Offer is not being made to persons whose participation in the Offer requires that any additional offer document is prepared or registration effected or that any other measures are taken in addition to those required under Swedish law. This press release and any documentation relating to the Offer are not being published in or distributed to or into and must not be mailed or otherwise distributed or sent in or into any country in which the distribution or offering would require any such additional measures to be taken or would be in conflict with any law or regulation in such country. Any such action will not be permitted or sanctioned by Blue Canyon Holdings. Any purported acceptance of the Offer resulting directly or indirectly from a violation of these restrictions may be disregarded.
The Offer is not being made, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand or South Africa by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, electronic mail, telex, telephone and the Internet) of interstate or foreign commerce, or of any facility of national security exchange, of Australia, Canada, Hong Kong, Japan, New Zealand or South Africa, and the Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within, Australia, Canada, Hong Kong, Japan, New Zealand or South Africa. Accordingly, this press release and any documentation relating to the Offer are not being and should not be sent, mailed or otherwise distributed or forwarded in or into Australia, Canada, Hong Kong, Japan, New Zealand or South Africa.
Blue Canyon Holdings will not deliver any consideration under the Offer into Australia, Canada, Hong Kong, Japan, New Zealand or South Africa.
This press release is not being, and must not be, sent to shareholders with registered addresses in Australia, Canada, Hong Kong, Japan, New Zealand or South Africa. Banks, brokers, dealers and other nominees holding shares for persons in Australia, Canada, Hong Kong, Japan, New Zealand or South Africa must not forward this press release or any other document received in connection with the Offer to such persons.
Keywords for this news article include: Asia, China, Japan, Hong Kong, Blue Canyon Holdings AB.
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