Amsterdam, Brussels, Dublin, Lisbon, London and Paris – 4 March 2019 – Euronext notes that the Oslo Børs VPS Board of Directors has considered Euronext’s increased offer announced on 11 February 2019 as equal to the updated Nasdaq offer from a purely financial point of view. Euronext also notes that today, following Nasdaq’s announced decision to match Euronext’s offer, the Board of Directors has upheld its recommendation of Nasdaq as the preferred bidder in line with its commitment to do so under any circumstances.
Euronext remains confident that it represents the strategically most attractive industrial partner for Oslo Børs VPS and for the Norwegian financial and business community in general, and continues to be open to engage with Oslo Børs VPS's Board, management and shareholders, to further discuss the merits of its offer and strategic plan. Furthermore, as per Euronext’s offer, current shareholders of Oslo Børs VPS who have to date not tendered their shares in favour of our offer would be welcome to remain shareholders if they so wish and become partners of Euronext following the acquisition.
Euronext’s offer is currently awaiting regulatory clearance, in accordance with applicable laws and regulations, which is the last major condition precedent to complete the acquisition of the majority of the Oslo Børs VPS’s shares. Euronext’s Reference Shareholders, who represent 23.86% of Euronext capital, have also confirmed their joint support to Euronext for this transaction.
Euronext reiterates that it has already secured a majority of the Oslo Børs VPS’s shares, that its minimum ownership condition has therefore been fulfilled and that it will complete the transaction once regulatory clearance has been obtained.