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CXENSE - Cxense ASA News Story

NOK15.75 0.0  0.0%

Last Trade - 10/10/19

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £14.6m
Position in Universe th / 1794

BRIEF-Cxense Finalizes Divestment Of Its Non-Core Advertising Business

Fri 12th April, 2019 10:29am
April 12 (Reuters) - Cxense ASA  CXEN.OL :
    * HAS DIVESTED L'AGORA PREMIUM AUDIENCE NETWORK S.L.,
FINALIZING
CXENSE'S DIVESTMENT OF ITS NON-CORE ADVERTISING BUSINESS
    * ENTERED INTO AND COMPLETED SALE OF ALL SHARES IN MAJORITY
OWNED
SUBSIDIARY PREMIUM AUDIENCE NETWORK S.L. ("L'AGORA") TO ADUX SA
    * SALE OF L'AGORA IS LAST DIVESTMENT OF NON-CORE ASSETS,
MARKING
FINALIZATION OF CXENSE'S STRATEGIC DIVESTMENT PROCESSES.
    * TRANSACTION IS BASED ON AN INITIAL PURCHASE PRICE OF EUR
190
THOUSAND
    * CONTINGENT PRICE (EARN-OUT) POTENTIALLY PAYABLE IN MAY
2020
CAPPED AT EUR 400 THOUSAND
    * TRANSACTION WAS FOR ALL PRACTICAL PURPOSES COMPLETED ON 5
APRIL
2019

Source text for Eikon:  ID:nWkr2DhVbp 
Further company coverage:  CXEN.OL 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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