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    CRAYN   NO0010808892

CRAYON GROUP HOLDING ASA

(CRAYN)
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Real-time Oslo Bors  -  05/25 10:25:29 am EDT
142.40 NOK   +3.04%
05/23Exercise of share options by primary insider
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05/23Norway's Crayon Secures $145 Million Software, Cloud Licensing Deal with US Tech Group
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05/23Crayon Signs USD 145 Million Microsoft Azure Agreement with US Tech Company
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Crayon Group Holding ASA: Update on M&A process

10/14/2021 | 01:01am EDT
Oslo, 14 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: 

- Following the Scheme Meeting held on Monday 11 October 2021, in which Crayon's
acquisition of Rhipe was approved by a majority of 99.88% of votes cast, the
Supreme Court of New South Wales on 13 October 2021 made orders approving the
Scheme of Arrangement under which Crayon Software Experts Australia Pty Ltd, an
indirect wholly-owned subsidiary of Crayon will acquire all the shares in Rhipe.

- On 14 October 2021 Rhipe lodged a copy of the Court´s order with the
Australian Securities and Investments Commission, by which the Scheme is now
legally effective and the shares in Rhipe were suspended from trading on the ASX
with effect from today's closing of trade.
- Crayon's acquisition of Rhipe will, subject to Crayon's payment of the
purchase price, be completed on 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 3.04% 142.4 Real-time Quote.-22.19%
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Analyst Recommendations on CRAYON GROUP HOLDING ASA
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Financials
Sales 2021 25 979 M 2 703 M 2 703 M
Net income 2021 151 M 15,7 M 15,7 M
Net Debt 2021 1 448 M 151 M 151 M
P/E ratio 2021 81,0x
Yield 2021 -
Capitalization 12 617 M 1 313 M 1 313 M
EV / Sales 2021 0,54x
EV / Sales 2022 0,35x
Nbr of Employees 3 300
Free-Float 82,1%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 142,40 NOK
Average target price 228,33 NOK
Spread / Average Target 60,3%
EPS Revisions
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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