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    CRAYN   NO0010808892

CRAYON GROUP HOLDING ASA

(CRAYN)
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Real-time Oslo Bors  -  05/20 10:27:25 am EDT
138.50 NOK   +4.92%
05/20CRAYON GROUP HOLDING ASA : Minutes from Annual General Meeting 2021
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05/18CRAYON : New Study Identifies What Keeps IT Decision-makers Up at Night
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Crayon Group Holding ASA: Update on M&A process

10/11/2021 | 02:01am EDT
Oslo, 11 October 2021 at 08:00 CEST: Reference is made to the announcement by
Crayon Group Holding ASA ("Crayon") on 6 July 2021 regarding Crayon having
signed a binding agreement with Rhipe Limited ("Rhipe") for an offer to be made
to acquire all shares in Rhipe by way of a Scheme of Arrangement ("Scheme"). 

Crayon is pleased to provide the following update in relation to the Scheme: 

- At the Scheme Meeting held today, the rhipe shareholders approved the scheme
of arrangement under which Crayon Software Experts Australia Pty Ltd, an
indirectly wholly-owned subsidiary of Crayon Group Holding ASA ('Crayon'), will
acquire all of the shares in rhipe (the "Scheme").
- The Scheme remains subject to Court approval in order to be implemented. Rhipe
has applied to the Court for orders approving the Scheme at a hearing scheduled
for 9:15am (Sydney time) on Wednesday, 13 October 2021 at the Supreme Court of
New South Wales. 
- Assuming the Scheme is Court approved, Rhipe will on 14 October 2021 lodge a
copy of the Court´s order with the Australian Securities and Investments
Commission, by which the Scheme will become legally effective and Rhipe will
apply for its shares to be suspended from trading on the ASX with effect from
close of trade on Thursday 14 October 2021. 
- Assuming the completion of the above, the Scheme Implementation Date (the
completion of the acquisition) will be 3 November 2021.  

For further information, please contact:

Jon Birger Syvertsen  
Chief Financial Officer, Crayon Group Holding ASA  
Tel.: +47 97 19 92 51  
Email: Jon.Birger.Syvertsen@crayon.com  

About Crayon:

Crayon Group Holding ASA is a leading IT advisory firm in software and digital
transformation services. With unique IP tools and skilled employees, Crayon help
optimize its clients' ROI from complex software technology investments. Crayon
have long experience within volume software licensing optimization, digital
engineering, predictive analytics and assists the clients through all phases of
the process of a digital transformation. Headquartered in Oslo, Norway, the
company has approximately 2,500 employees in 50 offices worldwide.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
CRAYON GROUP HOLDING ASA 4.92% 138.5 Real-time Quote.-24.32%
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Analyst Recommendations on CRAYON GROUP HOLDING ASA
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Financials
Sales 2021 25 979 M 2 660 M 2 660 M
Net income 2021 151 M 15,4 M 15,4 M
Net Debt 2021 1 448 M 148 M 148 M
P/E ratio 2021 78,8x
Yield 2021 -
Capitalization 12 272 M 1 256 M 1 256 M
EV / Sales 2021 0,53x
EV / Sales 2022 0,37x
Nbr of Employees 3 300
Free-Float 82,1%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 138,50 NOK
Average target price 228,33 NOK
Spread / Average Target 64,9%
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Managers and Directors
Melissa Mulholland Chief Executive Officer
Jon Birger Syvertsen Chief Financial Officer
Rune Syversen Chairman
Florian Rosenberg Chief Technology Officer
Bente Liberg Chief Operating Officer
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