CHICAGO, Sept. 13, 2018 /PRNewswire/ -- Cision Ltd. (NYSE:
CISN) today announced the pricing of an underwritten public
offering of 12,000,000 ordinary shares by certain selling
shareholders at a public offering price of $16.00 per share. The offering is expected
to close on September 17, 2018,
subject to customary closing conditions. In addition, the selling
shareholders have granted a 30-day option to the underwriters to
purchase up to an additional 1,800,000 ordinary shares at the
public offering price less the underwriting
discount. Cision is not selling any ordinary shares in
the offering and will not receive any proceeds from the offering by
the selling shareholders.
![Cision logo. Cision logo.](https://mma.prnewswire.com/media/467136/cision_logo.jpg)
Deutsche Bank Securities, Citigroup and Goldman Sachs & Co.
LLC are acting as lead book-running managers of the offering.
Additional joint book-running managers are Baird, BMO Capital
Markets, RBC Capital Markets and SunTrust Robinson Humphrey. Cowen,
William Blair, CJS Securities and
LUMA Securities are acting as co-managers of the offering.
A registration statement on Form S-3 (including a prospectus)
relating to these securities was filed with and declared effective
by the Securities and Exchange Commission (the "SEC"). The offering
of these securities is being made solely by means of a prospectus
supplement and the accompanying prospectus. Copies of the
final prospectus supplement and the accompanying prospectus
relating to the offering, when available, may be obtained by
contacting: 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; Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 or by telephone
at 1-800-831-9146; or Goldman Sachs & Co. LLC, Prospectus
Department, 200 West Street, New York,
NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316
or by emailing Prospectus-ny@ny.email.gs.com.
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 public offering, which are subject to substantial
risks, uncertainties and assumptions, including but not limited to
the closing of the public offering. 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, the satisfaction of customary closing conditions
related to the public offering 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 and the Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30, 2018. 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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