Euronext updates on Oslo Børs VPS acquisition

 

The distribution of the offer document and the making of the offer may in certain jurisdictions be restricted by law, including without limitation in Canada, Australia and Japan. Accordingly, the offer is not made and does not constitute an offer or solicitation in these jurisdictions, or in any jurisdiction or to any person where the making or acceptance of the offer or solicitation would be in violation of the laws or regulations of such jurisdiction.

 

  • Euronext has received the declaration of non objection from its College of Regulators for the contemplated acquisition of up to 100% of the capital of Oslo Børs VPS
  • Continuous support to Euronext offer with former Chair and Member of the Board of Oslo Børs Tom Vidar Rygh to join the Board of Directors of Oslo Børs VPS post-completion, subject to the usual regulatory approval
  • Euronext extends its acceptance period to 6 may 2019

Amsterdam, Brussels, Dublin, Lisbon, London and Paris – 1 April 2019 – Euronext, the leading pan-European exchange,  announced today it has received the declaration of non objection from its College of Regulators for the contemplated acquisition of up to 100% of the capital of Oslo Børs VPS. This approval further improves the certainty of execution of Euronext's acquisition of Oslo Børs VPS by meeting one of the condition precedents of Euronext’s Offer, available on www.euronext.com1.

Euronext remains convinced that it represents the most attractive strategic partner for Oslo Børs VPS and for the Norwegian financial and business community. Euronext is committed to make Oslo Børs VPS stronger and to deploy a new ambition for the Norwegian capital markets with the support of the key players of the financial community in Oslo. Euronext is pleased to announce that Tom Vidar Rygh, Senior Advisor at international private equity fund Nordic Capital and previous Chairman and Member of the Board of Oslo Børs, has accepted to join the board of Oslo Børs VPS as an independent board member when the contemplated transaction is completed, subject to the usual regulatory approval. His strong profile and connection with the Norwegian ecosystem will support Euronext’s growth ambitions in the Nordics (see biography below).

In addition, Euronext amends today its Offer to acquire Oslo Børs VPS’s outstanding shares by extending the Acceptance Period thereof. Following this, Euronext will continue to receive and accept tendered shares in the Offer up to 6 May 2019 at 18:00 Central European Time. All other terms of its Offer as revised on 11 February 2019[1] remain unchanged. Defined terms with capital letters herein have the meaning as in Euronext’s Offer Document published on 14 January 2019.1

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. As of today, Euronext has secured 53.1% of the share capital of Oslo Børs VPS through a combination of 8.1% of shares owned directly and 45.0% of shares committed to Euronext in the form of irrevocable pre-commitments and tendered shares.

Euronext’s offer is currently awaiting regulatory clearance from the Norwegian Ministry of Finance 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.

 

Biography:

Tom Vidar Rygh is Senior Advisor at Nordic Capital. He holds an MSc in Business Administration from the Norwegian School of Economics and Business Administration. A former Partner of Nordic Capital, he has also held various leading positions within industrial and financial companies, including Executive Vice President of Orkla ASA and CEO of SEB Enskilda AB. He has been a director of several listed and unlisted companies in a number of different sectors, including Telenor ASA, Carlsberg Breweries A/S and Storebrand ASA. He is also a former Chair and Member of the Board of Oslo Børs.

 

Contacts:

Media 
Pauline Bucaille
+33 1 70 48 24 45
mediateam@euronext.com

Analysts & investors
Aurélie Cohen
+33 1 70 48 24 17
ir@euronext.com

 

IMPORTANT DISCLAIMER

The offer is being made to shareholders resident in the United States in reliance on the Tier I exemption pursuant to Rule 14d-1(c) under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). Euronext reserves the right to acquire or agree to acquire shares or rights to shares outside the offer during the acceptance period in accordance with applicable law and regulations and the provisions of the exemption provided under Rule 14e-5(b)(10) under the Exchange Act. Any of the purchases referred to in this paragraph may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Information about such purchases will be disclosed as and if required by applicable securities laws.

Pièces jointes Langues disponibles
Download press releaseen

À propos d’Euronext
Euronext est la première bourse pan-européenne de la zone euro avec près de 1300 émetteurs, représentant une capitalisation boursière totale de près de 3500 milliards d’euros à fin mars 2019, dont 24 grandes valeurs composant l’indice Morningstar® Eurozone 50 Index SM. Euronext gère des marchés au comptant et dérivés réglementés et transparents et couvre une clientèle nationale et internationale solide et diversifiée. Le groupe représente le plus grand centre de cotation d’obligations et de fonds au monde. Son offre recouvre des produits variés tels que les actions, le FX, les ETF (Exchange Traded Funds), les warrants et certificats, les obligations, les dérivés sur actions, les dérivés sur matières premières et les indices. Euronext met également à profit son expertise en fournissant des solutions technologiques et des services administrés à des tiers. En complément de son principal marché réglementé, Euronext gère Euronext Growth TM et Euronext AccessTM, qui facilitent et simplifient la cotation des petites et moyennes entreprises.
Suivez les dernières actualités d’Euronext sur Twitter (https://twitter.com/euronext) and LinkedIn (https://www.linkedin.com/company/euronext).

Avertissement
Ce communiqué de presse est fourni à titre d’information uniquement et ne constitue pas une recommandation d’investissement. Bien que tout le soin nécessaire ait été apporté à sa rédaction, il est fourni « en l’état », sans aucune garantie de sorte qu’Euronext ne peut être tenue responsable de l’utilisation directe ou indirecte des informations y contenues. Aucune information contenue ou à laquelle il est fait référence dans ce communiqué de presse ne peut être considérée comme créatrice de droits ou d’obligations à la charge d’Euronext. La création de droits et d’obligations afférents à des instruments financiers qui sont négociés sur les marchés organisés par les filiales d’Euronext ne peut résulter que des seules règles de l’opérateur de marché concerné. Tous les droits de propriété et intérêts dans ou liés au présent communiqué sont la propriété entière et exclusive d’Euronext. 

Les informations contenues dans le présent communiqué de presse ne valent qu’au jour de sa publication. Euronext désigne Euronext N.V. et ses affiliés. Pour toute information concernant les marques et droits de propriété intellectuelle d’Euronext, merci de vous référer au site Internet suivant www.euronext.com/terms-use

© 2019, Euronext N.V. – Tous droits réservés.