OSLO BORS VPS HOLDING ASA
The Ministry of Finance has today published its ruling on the applications from Euronext and Nasdaq respectively to become the owner of Oslo Børs VPS Holding ASA. Both are granted permission to acquire shares in Oslo Børs VPS Holding ASA in accordance with their applications. Euronext has been authorised to own the number of shares for which it has pre-acceptances of its offer, in addition to the shares that it already owns directly. This means that Euronext can now acquire the shares for which it has acceptances, which would give it an overall ownership interest in the shares of Oslo Børs VPS of more than 50%. Euronext's transaction is subject to approval at the general meeting (to be held on May 16) and completion of a due diligence process.
The Board of Oslo Børs VPS notes the decision and will work closely with the new majority owner in order to ensure the best possible solution further for the group, the business and the employees.
Euronext and Nasdaq have each published an announcement setting out their reaction to today's decision. Links to these announcements are enclosed.
Both Nasdaq and Euronext's offer periods expire on 31 May. Euronext has stated that it will put forward a new offer following this date that will permit shareholders in Oslo Børs VPS to sell their shares on the same terms as the existing offer.
For further information, please contact:
Catharina Hellerud, Chair of the Board of Directors of Oslo Børs VPS, tel. +47 915 21 522
Håvard S. Abrahamsen, President and CEO of Oslo Børs VPS, tel. +47 952 60 779
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Oslo Børs VPS Holding ASA published this content on 13 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 May 2019 06:47:02 UTC
