Piano Software B.V. (“Piano”) announces that it today has resolved and carried out a compulsory acquisition of all the shares in Cxense ASA (“Cxense”) owned by shareholders other than Piano, pursuant to section 4-25 of the Norwegian Public Limited Liability Companies Act, cf. section 6-22 of the Norwegian Securities Trading Act. Piano has as a consequence of this assumed ownership of 100% of the shares in Cxense.
The offered redemption price is NOK 16 per share, which equals the NOK 16 per share in Cxense offered under the voluntary offer presented by Piano. Settlement of the redemption