EURONEXT HAS RAISED ITS COMMITMENT IN OSLO BØRS VPS CAPITAL TO 50.6%

EURONEXT HAS RAISED ITS COMMITMENT IN OSLO BØRS VPS CAPITAL TO 50.6%

Amsterdam, Brussels, Dublin, Lisbon, London and Paris -  28 December 2018 - Euronext, the leading pan-European exchange, announces today that it has raised its commitment from 49.6%, as announced on 24 December 2018^[1], to 50.6% of Oslo Børs VPS Holding ASA ("Oslo Børs VPS") outstanding shares in the context of the tender offer to be launched. This 50.6% commitment is comprised of irrevocable pre-commitments from Oslo Børs VPS shareholders to tender 45.5% of the outstanding shares, and share purchases performed by Euronext, representing a further 5.1% of the capital (2,193,000 shares).

Exceeding the 50% of total outstanding shares threshold shows the interest from Oslo Børs VPS shareholders for Euronext`s offer to be launched, satisfying one of the conditions required for its completion and strengthening Euronext`s confidence on  its successful outcome. In this end, Euronext will continue to feed into a constructive dialogue with all Oslo Børs VPS stakeholders.

As a reminder¹, as part of the contemplated transaction, Euronext would, as soon as practical, launch a NOK 6.24 billion (EUR625m^[2]) all-cash offer for the outstanding shares in Oslo Børs VPS, the Norwegian Stock Exchange and national CSD operator, at NOK 145 per share. This represents a 32% premium on Oslo Børs VPS`s closing price on 17 December 2018<sup>[3]</sup> and 34% on Oslo Børs VPS`s 3-month volume-weighted average share price. Euronext`s offer will be subject to certain customary conditions including a short due diligence period, minimum acceptance threshold of 50%, regulatory approvals and a favourable vote of Euronext shareholders.

There can be no certainty that a transaction will be completed. The company undertakes no obligation to update the market on the discussions. Euronext will communicate material information, if any, in due course.

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

About Euronext
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 EUR3.9 trillion in market capitalisation as of end September 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.
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Disclaimer
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 may 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.
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