BURLINGTON, Mass.--(BUSINESS WIRE)--Mar. 16, 2018--
Everbridge, Inc. (NASDAQ: EVBG) announced today that on expiration of
the offer period on 16 March 2018 at 16:30 CET, Everbridge Holdings
Limited had received acceptances for the voluntary cash offer (the
"Offer") to acquire the entire issued share capital of Unified Messaging
Systems ASA ("UMS") (Oslo Axess: UMS) for a total of 184,761,616 shares
representing approximately 93.3% of the total shares in UMS on a fully
diluted basis. The acceptance level is based on preliminary numbers and
may be subject to adjustments. In addition, Everbridge has acquired
1,519,397 shares in the market at an average purchase price of NOK 1.36
per share. Everbridge has not acquired any shares at a purchase price
exceeding the offer price of NOK 1.37 per share. As a result, Everbridge
will upon completion of the Offer control 186,281,013 shares
representing approximately 94.1% of the total shares in UMS.
Accordingly, subject to no material adverse effect occurring before
settlement of the Offer, the conditions for completion of the Offer have
been met. In accordance with the terms and conditions set out in the
offer document, settlement of the Offer will take place as soon as
reasonably possible, and not later than 14 calendar days after it has
been announced that the minimum acceptance level has been met. As a
result of the Norwegian Easter Holiday, it is expected that settlement
of the Offer will take place no later than 3 April 2018.
Following settlement of the Offer, Everbridge intends to initiate a
compulsory acquisition of the remaining outstanding shares of UMS in
accordance with applicable laws, and propose that an application is
filed with the Oslo Stock Exchange to de-list the shares of UMS.
About Everbridge
Everbridge,
Inc. (NASDAQ: EVBG), is a global software company that provides
enterprise software applications that automate and accelerate
organizations' operational response to critical events in order to keep
people safe and businesses running faster. During public safety threats
such as active shooter situations, terrorist attacks or severe weather
conditions, as well as critical business events such as IT outages,
cyber-attacks or other incidents such as product recalls or supply-chain
interruptions, over 3,700 global customers rely on the company’s
SaaS-based platform to quickly and reliably aggregate and assess threat
data, locate people at risk and responders able to assist, automate the
execution of pre-defined communications processes, and track progress on
executing response plans. The company’s platform sent over 2 billion
messages in 2017, and offers the ability to reach more than 200
countries and territories with secure delivery to over 100 different
communication devices. The company’s critical communications and
enterprise safety applications include Mass Notification, Incident
Management, Safety Connection™, IT Alerting, Visual Command Center®,
Crisis Commander®, Community Engagement™ and Secure Messaging.
Everbridge serves 9 of the 10 largest U.S. cities, 8 of the 10 largest
U.S.-based investment banks, 25 of the 25 busiest North American
airports, six of the 10 largest global consulting firms, six of the 10
largest global auto makers, all four of the largest global accounting
firms, four of the 10 largest U.S.-based health care providers and four
of the 10 largest U.S.-based health insurers. Everbridge is based in
Boston and Los Angeles with additional offices in San Francisco,
Lansing, Orlando, Beijing, London, and Stockholm. For more information,
visit www.everbridge.com,
read the company blog,
and follow on Twitter and Facebook.
About UMS
UMS ASA is a Norwegian technology company with international operations,
headquartered in Oslo. The company has more than 1,200 customers
worldwide reaching over 500 million people with its systems for public
notifications. The company was founded in 1998 and is established as an
industry leader within the area of critical communication and population
alerting systems.
Cautionary Language Concerning Forward-Looking Statements:
This news release contains certain forward-looking statements that are
based on uncertainty, as they relate to events and depend on
circumstances that will occur in the future and which, by their nature,
may have an impact on results of operations and the financial condition
of Everbridge and/or UMS. Such forward-looking statements reflect
current expectations and are based on the information currently
available. Neither Everbridge nor UMS can give any assurance as to
whether such forward-looking statements will prove to be correct. These
forward-looking statements include statements regarding the Offer,
including the terms and conditions of the Offer and expected timing.
There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied by
these forward-looking statements. These factors include, among other
things, satisfactions of conditions to the Offer and investor
participation in the Offer.
Important Notice:
THE OFFER WILL NOT BE MADE IN ANY JURISDICTION IN WHICH MAKING OF THE
OFFER WOULD NOT BE IN COMPLIANCE WITH THE LAWS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT DOES NOT IN ITSELF CONSTITUTE AN OFFER. THE OFFER WILL
ONLY BE MADE ON THE BASIS OF THE OFFER DOCUMENT AND CAN ONLY BE ACCEPTED
PURSUANT TO THE TERMS OF SUCH DOCUMENT.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180316005850/en/
Source: Everbridge, Inc.
Media Contact
Everbridge
Jeff
Benanto, +1 781-373-9879
jeff.benanto@everbridge.com
or
Investor
Contact
ICR
Garo Toomajanian, +1 818-230-9712
ir@everbridge.com
