Norwegian Ministry of Finance approves Nasdaq as a suitable owner of Oslo Børs VPS
OSLO, Norway and STOCKHOLM, Sweden, May 13, 2019 (GLOBE NEWSWIRE) -- Nasdaq AB, an indirect subsidiary of Nasdaq, Inc. (Nasdaq: NDAQ) (“Nasdaq”), today received the ruling by the Ministry of Finance in Norway in regards to the future ownership requirements of Oslo Børs VPS Holding ASA (NOTC: OSLO/OTCMKTS: OSBHF) (“Oslo Børs VPS”) in connection with Nasdaq AB's offer (the “Offer”) to acquire all of the issued shares of Oslo Børs VPS made pursuant to its offer document published on February 4, 2019, as amended by the announcement made on March 4, 2019 (the “Offer Document”).
“While the Ministry of Finance has confirmed that Nasdaq is a suitable owner of Oslo Børs VPS in accordance with the applicable Norwegian statutory requirements, the decision not to require a two thirds majority of the shares to be obtained by any person seeking to acquire control of Oslo Børs VPS is disappointing,” said Lauri Rosendahl, President, Nasdaq Nordic. “Based on an expert review of publicly available information, there are no exchanges in Europe where a majority shareholder owns more than fifty, but less than two-thirds of the shares. We were hopeful the Norwegian authorities would make a decision consistent with this widespread European practice. Nasdaq will now analyse the decision in detail and assess our options.”
Over the last weeks and months, Nasdaq has received overwhelming support for its offer to acquire Oslo Bors VPS from a large number of key stakeholders in the Norwegian financial market. Through our conversations with representatives from investment firms, issuers, industry organizations and the public sector, we understand that a large majority prefers Nasdaq as the future owner of Oslo Bors VPS. We believe that the many bonds that we have formed through this process has strengthened our ties to Norway and provide increased opportunities for Nasdaq’s already thriving Norwegian business to continue to grow.
For further information, please contact:
For additional information on the strategic rationale for, and the terms and conditions of, the Offer and on Nasdaq's future plans for the development of and strengthening of Oslo Børs VPS and the Nordic region's financial ecosystem generally, please refer to the Offer Document which is available at http://ir.nasdaq.com/acquisitions/oslo-validation-access-rights. You may also visit https://business.nasdaq.com/oslo-bors to find additional information and our previous communications.
Important Information about the Offer
This press release is neither an offer to purchase nor a solicitation of an offer to sell shares. The Offer to purchase all the shares of Oslo Børs VPS is contained in the Offer Document. The complete Offer Document is, subject to restrictions under applicable securities laws, being distributed free of charge to all Oslo Børs VPS’ shareholders registered in Oslo Børs VPS’ share register in Verdipapirsentralen (the Norwegian Central Securities Depository) as of February 1, 2019 and is available at http://ir.nasdaq.com/acquisitions/oslo-validation-access-rights.
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.
The Offer is being made to shareholders of Oslo Børs VPS 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.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $14 trillion.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release relating to future status and circumstances, including statements regarding the anticipated offer timeline are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipates”, “expects”, “believes”, or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Actual results may differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Nasdaq and its subsidiaries. Such risk factors may include the ability of Nasdaq to receive regulatory approvals necessary for the Offer, ability of Nasdaq to complete the Offer and any other risk factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. Any such forward-looking statements speak only as of the date on which they were made and Nasdaq has no obligation (and undertakes no such obligation) to update or revise any of them, whether as a result of new information, future events or otherwise, except for as required by applicable laws and regulations.
Nasdaq intends to use its website, ir.nasdaq.com, as a means for disclosing material non-public information and for complying with SEC Regulation FD and other disclosure obligations. These disclosures will be included on Nasdaq’s website under “Investor Relations.”
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
MSAB: Continued investment for growth19.7.2019 08:00:00 CEST | Press release
January - June Net sales increased 1.6 percent to SEK 130.4 (128.3) million (-4 percent in local currencies). EBIT amounted to SEK -17.1 (3.8) million. The EBIT margin was -13.1 (3.0) percent. Profit after tax amounted to SEK -15.3 (5.7) million. Earnings per share amounted to SEK -0.83 (0.31). Cash flow from operating activities amounted to SEK -6.2 (-11.1) million. Cash and cash equivalents and short-term investments amounted to SEK 52.5 (80.4) million at the end of the period. Second quarter Net sales increased 1.7 percent to SEK 64.1 (63.0) million (-4 percent in local currencies). EBIT amounted to SEK -11.4 (0.1) million. The EBIT margin was -17.8 (0.2) percent. Profit after tax amounted to SEK -10.8 (1.3) million. Earnings per share amounted to SEK -0.58 (0.07). Cash flow from operating activities amounted to SEK 0.7 (-11.4) million. Comments from the CEO Sales amounted to SEK 130.4 (128.3) million for the first six months of the year. EBIT came in at SEK -17.1 (3.8) million, the
MSAB: Fortsatta satsningar för tillväxt19.7.2019 08:00:00 CEST | Pressemelding
Januari - juni Nettoomsättningen ökade med 1,6 procent till 130,4 (128,3) mkr (-4 procent i lokala valutor) Rörelseresultatet uppgick till -17,1 (3,8) mkr Rörelsemarginalen uppgick till -13,1 (3,0) procent Resultat efter skatt uppgick till -15,3 (5,7) mkr Resultat per aktie uppgick till -0,83 (0,31) kr Kassaflöde från den löpande verksamheten uppgick till -6,2 (-11,1) mkr Likvida medel och kortfristiga placeringar uppgick vid periodens utgång till 52,5 (80,4) mkr Andra kvartalet Nettoomsättningen ökade med 1,7 procent till 64,1 (63,0) mkr, (-4 procent i lokala valutor) Rörelseresultatet uppgick till -11,4 (0,1) mkr Rörelsemarginalen uppgick till -17,8 (0,2) procent Resultat efter skatt uppgick till -10,8 (1,3) mkr Resultat per aktie uppgick till -0,58 (0,07) kr Kassaflöde från den löpande verksamheten uppgick till 0,7 (-11,4) mkr VDs kommentarer Omsättningen uppgick till 130,4 (128,3) mkr för årets första sex månader. Rörelseresultatet blev -17,1 (3,8) mkr, det försämrade resultatet är
Kinnevik:Interim Report 1 January - 30 June 201919.7.2019 08:00:00 CEST | Press release
”It was an eventful second quarter, during which we focused our efforts on continuing the shift in our portfolio towards growth companies. These efforts included supporting high-performers in our private portfolio, evaluating our Millicom stake and supporting the IPO of Global Fashion Group.” Georgi Ganev, CEO of Kinnevik KEY PORTFOLIO DEVELOPMENTS Global Fashion Group began trading on the Frankfurt Stock Exchange on 2 July. The company raised a total of c. EUR 200m, of which EUR 60m from Kinnevik, to fuel continued growth Livongo announced its intention to go public at a proposed price range corresponding to a fully diluted pre-money valuation of USD 2.1-2.4bn. Kinnevik has agreed to purchase additional shares at the IPO price from one of Livongo’s investors, and we have also indicated our interest in purchasing newly issued shares in the IPO INVESTMENT MANAGEMENT ACTIVITIES Total investments of SEK 1,367m during the quarter, whereof SEK 632m in GFG, SEK 336m in Kolonial, SEK 156m in
Kinnevik:Delårsrapport 1 januari - 30 juni 201919.7.2019 08:00:00 CEST | Pressemelding
” Det har varit ett händelserikt andra kvartal, under vilket vi har fortsatt arbetet med att vikta om vår portfölj till en större andel tillväxtbolag. Detta har gjorts bland annat genom att stötta högpresterande bolag i vår privata portfölj, utvärdera vårt ägande i Millicom, samt genom att stötta börsnoteringen av Global Fashion Group. ” Georgi Ganev, Kinneviks vd VIKTIGA HÄNDELSER I PORTFÖLJEN Global Fashion Group började handlas på Frankfurtbörsen 2 juli. I samband med börsintroduktionen genomförde bolaget en nyemission om cirka 200 MEUR varav 60 MEUR från Kinnevik, i syfte att driva fortsatt tillväxt Livongo har meddelat att man avser börsnoteras med ett tilltänkt prisintervall som motsvarar en värdering på fullt utspädd basis om 2,1-2,4 MdUSD före emission av nya aktier i samband med börsnoteringen. Kinnevik har kommit överens om att köpa aktier från en av Livongos investerare till det slutliga priset i noteringen, och vi har även meddelat vårt intresse av att köpa ytterligare nyem
Huhtamäki Oyj’s Half-yearly Report January 1–June 30, 2019: Strong net sales growth and solid profitability19.7.2019 07:30:00 CEST | Press release
HUHTAMÄKI OYJ HALF-YEARLY REPORT 19.7.2019 AT 8:30 Huhtamäki Oyj’s Half-yearly Report January 1–June 30, 2019: Strong net sales growth and solid profitability Q2 2019 in brief Net sales grew to EUR 867 million (EUR 786 million) Adjusted EBIT was EUR 78 million (EUR 71 million); reported EBIT EUR 78 million (EUR 80 million) Adjusted EPS was EUR 0.51 (EUR 0.46); reported EPS EUR 0.51 (EUR 0.54) Comparable net sales growth was 6% at Group level and 7% in emerging markets Currency movements had a positive impact of EUR 25 million on the Group’s net sales and EUR 2 million on EBIT H1 2019 in brief Net sales grew to EUR 1,669 million (EUR 1,511 million) Adjusted EBIT was EUR 146 million (EUR 131 million); reported EBIT EUR 145 million (EUR 141 million) Adjusted EPS was EUR 0.95 (EUR 0.86); reported EPS EUR 0.95 (EUR 0.93) Comparable net sales growth was 5% at Group level and 7% in emerging markets Currency movements had a positive impact of EUR 44 million on the Group’s net sales and EUR 4 m
Sinch AB (publ): Delårsrapport januari – juni 201919.7.2019 07:30:00 CEST | Pressemelding
Delårsrapport januari – juni 2019 April – juni 2019 Nettoomsättningen ökade med 18 procent till 1 176,7 MSEK (997,4). Den organiska tillväxten i lokal valuta var 15 procent. Bruttoresultatet ökade med 29 procent till 321,1 MSEK (248,6). Den organiska tillväxten i lokal valuta var 26 procent. Justerad EBITDA2 ökade med 17 procent till 114,2 MSEK (97,4). Justerad EBIT3 uppgick till 104,1 MSEK (91,2). Kvartalets resultat efter skatt uppgick till 53,3 MSEK (29,0). Resultat per aktie efter utspädning uppgick till 0,98 SEK (0,54). Januari – juni 2019 Nettoomsättningen ökade med 23 procent till 2 278,4 MSEK (1 856,0). Den organiska tillväxten i lokal valuta var 16 procent1. Bruttoresultatet ökade med 36 procent till 610,6 MSEK (448,6). Den organiska tillväxten i lokal valuta var 24 procent1. Justerad EBITDA2 ökade med 39 procent till 226,4 MSEK (162,3). Justerad EBIT3 uppgick till 206,3 MSEK (149,9). Periodens resultat efter skatt uppgick till 111,1 MSEK (38,3). Resultat per aktie efter utspä