CHICAGO, March 19, 2018 /CNW/ -- Cision (NYSE: CISN) today
announced the commencement of a proposed underwritten public
offering of 8,000,000 ordinary shares by certain selling
shareholders. Cision is not selling any ordinary shares in the
offering and will not receive any proceeds from the offering by the
selling shareholders. In addition, the selling shareholders intend
to grant the underwriters a 30-day option to purchase up to an
additional 1,200,000 ordinary shares at the public offering price
less the underwriter discount.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are
acting as joint book-running managers of the proposed offering and
representatives of the underwriters. Additional book-running
managers are Credit Suisse and RBC Capital Markets. Barclays,
Baird, BMO Capital Markets, Suntrust Robinson Humphrey and CJS
Securities are acting as co-managers for the proposed offering.
A registration statement on Form S-1 (including a prospectus)
relating to these securities was filed with and declared effective
by the Securities and Exchange Commission (the "SEC"). A
preliminary prospectus supplement and the accompanying prospectus
relating to the proposed offering have been filed by Cision with
the SEC and are available on the SEC's website at
www.sec.gov. Copies of the preliminary prospectus supplement
and the accompanying prospectus relating to the offering may be
obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at
866-803-9204 or by email at prospectus-eq_fi@jpmchase.com; or
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, NY 10005, by
telephone at 800-503-4611 or by email at
prospectus.cpdg@db.com.
The offering of these securities is being made solely by means
of a prospectus supplement and the accompanying
prospectus. This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of any securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements with
respect to the proposed public offering, which are subject to
substantial risks, uncertainties and assumptions. You should not
place reliance on these statements. These statements often include
words such as "believe," "expect," "anticipate," "intend," "plan,"
"estimate," "seek," "will," "may" or similar expressions. These
statements are based on certain assumptions that Cision and its
management have made in light of perceptions of expected future
developments and other factors Cision and its management believe
are appropriate in these circumstances. As you read and consider
this press release, you should understand that these statements are
not guarantees of performance or results. Many factors could affect
Cision's actual performance and results and could cause actual
results to differ materially from those expressed in the
forward-looking statements, including, among others, risks
and uncertainties related to the capital markets and other factors
set forth in Cision's filings with the SEC, including those factors
identified under the heading "Risk Factors" in Cision's Annual
Report on Form 10-K for the fiscal year ended December 31, 2017. All forward-looking statements
attributable to Cision or persons acting on its behalf are
expressly qualified in their entirety by the foregoing cautionary
statements. All such statements speak only as of the date made, and
Cision undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Investor Contact:
Jack Pearlstein
Chief Financial Officer
Jack.Pearlstein@cision.com
Media Contact:
Nick Bell
Vice President, Marketing Communications and Content
CisionPR@cision.com
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SOURCE Cision