Euronext notes updated recommendation by Oslo Børs VPS Board of Directors
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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 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.
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 EUR3.4 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.
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