Euronext notes updated recommendation by Oslo Børs VPS Board of Directors
| CONTACT - Media:||CONTACT - Investor Relations:|
EURONEXT NOTES UPDATED RECOMMENDATION BY OSLO BØRS VPS BOARD OF DIRECTORS
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.
Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. With 1,300 listed issuers worth EUR3.4 trillion in market capitalisation as of end December 2018, Euronext is an unmatched blue chip franchise that has 24 issuers in the Morningstar® Eurozone 50 IndexSM and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided "as is" without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication July be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext`s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.
This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.
© 2019, Euronext N.V. - All rights reserved.
The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of these personal data, Euronext will comply with its obligations under the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 (General Data Protection Regulation, "GDPR"), and any applicable national laws, rules and regulations implementing the GDPR as provided in its privacy statement available at: https://www.euronext.com/en/privacy-policy.
In accordance with the applicable legislation you have rights as regard to the processing of your personal data:
- for more information on your rights, please refer to: https://www.euronext.com/data_subjects_rights_request_information,
- for any request regarding the processing of your data or if you want to unsubscribe to this press release, please use our data subject request form https://connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at email@example.com .