CHICAGO, March 20, 2018 /PRNewswire/ -- Cision (NYSE:
CISN) today announced the pricing of an underwritten public
offering of 5,750,000 ordinary shares by certain selling
shareholders at a public offering price of $10.75 per share. Cision is not selling any
ordinary shares in the offering and will not receive any proceeds
from the offering by the selling shareholders. The offering
is expected to close on March 23,
2018, subject to customary closing conditions.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are
acting as joint book-running managers of the 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 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. A final prospectus supplement and the
accompanying prospectus relating to the offering will be filed by
Cision with the SEC. 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 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