CHICAGO, May 16, 2018 /PRNewswire/ -- Cision (NYSE:
CISN) announced today the expiration and results of its previously
announced exchange offer (the "Exchange Offer") and consent
solicitation (the "Consent Solicitation") relating to certain of
its outstanding warrants. The Exchange Offer and Consent
Solicitation expired at 11:59 p.m., Eastern
Daylight Time, on May 15,
2018.
Cision has been advised that 23,207,189 warrants (excluding
591,732 warrants tendered through guaranteed delivery), or
approximately 94.7% of the outstanding warrants, were validly
tendered and not validly withdrawn prior to the expiration of the
Exchange Offer and Consent Solicitation. Cision expects to accept
all validly tendered warrants for exchange and settlement on
May 18, 2018.
In addition, pursuant to the Consent Solicitation, Cision
received the approval of approximately 94.7% of the outstanding
Warrants to amend (the "Warrant Amendment") the warrant agreement
governing all of the warrants, which exceeds the majority of
outstanding warrants required to effect the Warrant Amendment.
Cision expects to execute the Warrant Amendment concurrently with
the settlement of the Exchange Offer.
This press release shall not constitute an offer to sell, or a
solicitation of an offer to buy, the securities described herein
and is also not a solicitation of the related consents. The
exchange offer was made only pursuant to the terms and conditions
of the Prospectus/Offer to Exchange and related letter of
transmittal.
Forward-looking statements
This press release contains "forward-looking statements," as
defined by federal securities laws, including statements regarding
the expected timing of acceptance of warrants for exchange,
settlement of the Exchange Offer and execution of the Warrant
Amendment. Forward-looking statements reflect Cision's current
expectations and projections about future events at the time, and
thus involve uncertainty and risk. The words "believe," "expect,"
"anticipate," "will," "could," "would," "should," "may," "plan,"
"estimate," "intend," "predict," "potential," "continue," and the
negatives of these words and other similar expressions generally
identify forward-looking statements. Such forward-looking
statements are subject to various risks and uncertainties,
including those described under the section entitled "Risk Factors"
in Cision's Registration Statement on Form S-4/A, filed on
May 9, 2018, as such factors may be
updated from time to time in Cision's periodic filings with the
SEC, which are accessible on the SEC's website at www.sec.gov.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in this release and
in Cision's filings with the SEC. While forward-looking statements
reflect Cision's good faith beliefs, they are not guarantees of
future performance. Cision disclaims any obligation to publicly
update or revise any forward-looking statement to reflect changes
in underlying assumptions or factors, new information, data or
methods, future events or other changes after the date of this
press release, except as required by applicable law. You should not
place undue reliance on any forward-looking statements, which are
based only on information currently available to Cision (or to
third parties making the forward-looking statements).
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