Vizrt Announces Closing of LiberoVision Acquisition
(Thomson Reuters ONE) -
Bergen, Norway, July 01, 2011 Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd. announced today that further to its announcement on May 09, 2011, the
Company has successfully closed the acquisition of the first tranche of 60% of
all the issued and outstanding shares of LiberoVision AG, a leader in the field
of virtual sports enhancements.
Pursuant to the agreement, Vizrt Switzerland SARL, a wholly owned subsidiary of
Vizrt Ltd., has completed the first tranche of the acquisition for a
consideration of CHF 7 million (approx. USD 7.7 million). The transaction
consists of 80% cash and 20% Vizrt shares. The share consideration, the amount
of which is based on the volume weighted average price of Vizrt's shares on the
Oslo Børs, has resulted in the issue of 438,158 new shares of Vizrt Ltd.,
increasing the total amount of shares outstanding to 66,026,691.
A further 20% of LiberoVision AG shares will be acquired 30 days following
receipt of the financial results of LiberoVision for the financial year 2011 and
the remaining 20% 30 days following receipt of LiberoVision's financial results
for the financial year 2012.
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.
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/1527880/463576.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#1527880]
Unternehmensinformation / Kurzprofil:
Datum: 01.07.2011 - 15:31 Uhr
Sprache: Deutsch
News-ID 56063
Anzahl Zeichen: 3097
contact information:
Town:
Bergen
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 137 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Vizrt Announces Closing of LiberoVision Acquisition"
steht unter der journalistisch-redaktionellen Verantwortung von
Vizrt Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
