J2 Global Announces “When-Issued” Trading of Consensus and Ziff Davis Common Stock Will Begin September 30, 2021
September 29 2021 - 9:00PM
Business Wire
J2 Global, Inc. (Nasdaq: JCOM) (“J2 Global”) today announced
that “when-issued” trading of Consensus Cloud Solutions, Inc.
(“Consensus”) common stock and Ziff Davis, Inc. (“Ziff Davis”)
common stock will begin on September 30, 2021, on the Nasdaq Global
Select Market (“Nasdaq”), under the symbols “CCSIV” and “ZDVSV”
(previously announced as “JCOMV”) respectively.
“Regular-way” trading of Consensus common stock and Ziff Davis
common stock is expected to begin on Nasdaq on October 8, 2021,
under the symbols “CCSI” and “ZD” respectively. The “when-issued”
trading market is a market for Consensus common stock that will be
distributed to holders of J2 Global common stock prior to the
opening of the Nasdaq on October 8, 2021. The “when-issued” trading
market for Ziff Davis common stock is a market for Ziff Davis
common stock (previously J2 Global common stock) after giving
effect to the distribution of Consensus common stock. J2 Global
shares that trade in the "regular-way" market under the symbol
"JCOM" up to the distribution date will trade with an entitlement
to shares of Consensus common stock to be distributed pursuant to
the distribution.
About J2 Global
J2 Global, Inc. (NASDAQ: JCOM) is a leading internet information
and services company consisting of a portfolio of brands including
IGN, Mashable, Humble Bundle, Speedtest, PCMag, RetailMeNot,
Offers.com, Spiceworks, Ekahau, Everyday Health, BabyCenter
and What To Expect in its Digital Media business and Consensus,
eFax, eVoice, Moz, iContact, Campaigner, Vipre, and IPVanish in its
Cloud Services business. J2 Global reaches more than 240 million
people per month across its brands. As of December 31, 2020, J2
Global had achieved 25 consecutive fiscal years of revenue growth.
For more information about J2 Global, please visit
www.j2global.com.
On September 21, 2021, J2 Global announced that its Board of
Directors approved its previously announced separation into two
independent publicly traded companies – J2 Global, Inc., which will
be known as Ziff Davis, Inc. after the separation (“J2,” “J2
Global” or “Ziff Davis”) and Consensus Cloud Solutions, Inc.
(“Consensus”). The J2 Global Board of Directors declared a special
dividend distribution of one share of Consensus common stock for
every three shares of J2 Global common stock outstanding as of the
close of business on October 1, 2021, the record date for the
distribution. The separation is expected to be completed on October
7, 2021.
Following the separation, J2 Global will be renamed Ziff Davis,
Inc. and will trade on Nasdaq under the ticker symbol “ZD.”
About Consensus Cloud Solutions, Inc.
Consensus Cloud Solutions, Inc. is a leading provider of digital
cloud fax technology. Consensus offers eFax, a global leader in
online faxing, Consensus Unite and Consensus Harmony
interoperability solutions, Consensus Signal for secure automatic
real-time healthcare communications, Consensus Clarity, an Optical
Character recognition (OCR) and Natural Language Processing (NLP)
solution, and jSign for electronic digital signatures. For more
information about Consensus, visit www.consensus.com.
“Safe Harbor” Statement Under the
Private Securities Litigation Reform Act of 1995
Certain statements in this Press Release are “forward-looking
statements” within the meaning of The Private Securities Litigation
Reform Act of 1995 with respect to the proposed spin-off
transaction. These forward-looking statements are subject to
numerous assumptions, risks and uncertainties, including market and
other conditions and include uncertainties regarding expected
operating performance and financial position of the companies after
the separation, whether the separation can be completed with the
proposed form, terms or timing, or at all, the costs and expected
benefits of the proposed separation, and the expected tax treatment
of the transaction. There are important factors that could cause
our actual results, level of activity, performance or achievements
to differ materially from the results, level of activity,
performance or achievements expressed or implied by the
forward-looking statements, including those factors described in J2
Global’s Annual Report on Form 10-K, Quarterly Reports on Form
10-Q, Current Reports on Form 8-K and other documents filed from
time to time by J2 Global with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20210929006010/en/
Rebecca Wright (800) 577-1790 J2 Global, Inc.
investor@j2.com
j2 Global (NASDAQ:JCOM)
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