Vizrt Acquires Additional 20% of LiberoVision AG
(Thomson Reuters ONE) -
Bergen, Norway, March 14, 2012. Vizrt Ltd. (Oslo Main List: VIZ)
Further to the successful closing of the first tranche of the acquisition of
LiberoVision AG, a leader in the field of virtual sports enhancements, Vizrt
announces that on March 14(th), 2012, it has closed the second tranche.
Pursuant to the Share Purchase Agreement, Vizrt Ltd. shall purchase all of the
issued and outstanding share capital of LiberoVision in three installments. On
July 1, 2011, Vizrt Ltd. purchased 60% of the share capital of LiberoVision. On
March 14, 2012, an additional 20% and the remaining 20% shall be purchased
following the approval of the financial statements of LiberoVision for the year
2012.
The consideration for the second tranche is calculated as 20% of ten times the
EBIT for 2011. Based on the LiberoVision financial results for 2011, the
adjusted calculation of the EBIT is CHF 121,278 and thus the consideration to be
paid is CHF 242,556.
All installments shall consist of 80% cash and 20% Vizrt Ltd. shares. This means
that the cash consideration for the second tranche is CHF 194,044. The balance
of 20%, equivalent to CHF 48,511, will consist of 14,264 shares of Vizrt Ltd.
Consequently the number of shares outstanding is 66,214,455.
About Vizrt:
Vizrt provides real-time 3D graphics and asset management tools for the
broadcast industry - from award-winning animations & maps to online publishing
tools. Vizrt's products are used by the world's leading broadcasters and
publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, ITN, ZDF, Star TV,
Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The
Telegraph, and Welt Online. 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
Investors and media contacts:
Martin Burkhalter
President & CEO
+41 22 365 75 01
mbu(at)vizrt.com
Ofra Brown
CFO
+47 5351 8040
ofra(at)vizrt.com
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz(at)schwarzfinancial.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Press Release as PDF:
http://hugin.info/138784/R/1593987/501689.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vizrt Ltd. via Thomson Reuters ONE
[HUG#1593987]
Unternehmensinformation / Kurzprofil:
Datum: 14.03.2012 - 14:18 Uhr
Sprache: Deutsch
News-ID 124828
Anzahl Zeichen: 3395
contact information:
Town:
Bergen
Kategorie:
Business News
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"Vizrt Acquires Additional 20% of LiberoVision AG"
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