Euronext receives clearance from the Danish Financial Supervisory Authority to acquire up to 100% of VP Securities, the Danis...
July 16 2020 - 1:30AM
Euronext receives clearance from the Danish Financial Supervisory
Authority to acquire up to 100% of VP Securities, the Danish
Central Securities Depository
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EURONEXT RECEIVES CLEARANCE FROM THE DANISH FINANCIAL
SUPERVISORY AUTHORITY TO ACQUIRE UP TO 100% OF VP
SECURITIES, THE DANISH CENTRAL SECURITIES DEPOSITORY
Amsterdam, Brussels, Dublin, Lisbon,
Oslo and Paris – 16 July
2020 – Euronext, the leading pan-European exchange, today
announces it has received the clearance from the Danish Financial
Supervisory Authority to acquire up to 100% of VP Securities A/S1
(“VP Securities”) on 15 July 2020. Euronext welcomes this
regulatory approval by the Danish FSA that was the only condition
to complete the transaction.
Euronext has already secured strong support from
existing shareholders of VP Securities with shareholders
representing 90.68% of the total shares2 having already accepted
Euronext’s offer as of today.
Euronext’s tag along offer to acquire the
remaining shares in VP Securities will remain open until 31 August
2020. According to the terms of the Euronext’s tag along offer to
the minority shareholders of VP Securities, shareholders having
accepted the Euronext’s offer will receive settlement on or around
3 August 2020. Any other shareholders and shareholders with
specific rights, accepting Euronext offer, before 31 August 2020,
which is the latest date to accept Euronext’s offer, will receive
payment on or around 10 September 2020.
Following such settlements, Euronext intends to
initiate a compulsory acquisition procedure to acquire the
remaining shares not already tendered in accordance with the rules
of the Danish Companies Act.
CONTACTS - Pauline Bucaille (Europe/Paris)
:
+33 1 70 48 24 41; pbucaille@euronext.com
Analysts & investorsAurélie
Cohen/Clément
Kubiak
+33 1 70 48 24 17; ir@euronext.com
About EuronextEuronext is the
leading pan-European exchange, covering Belgium, France, Ireland,
The Netherlands, Norway, Portugal and the UK. With close to 1,500
listed issuers worth €3.8 trillion in market capitalisation as of
end June 2020, Euronext has an unmatched blue chip franchise that
includes 25 issuers in the Morningstar® Eurozone 50 Index℠, 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, FX, Exchange Traded
Funds, Warrants & Certificates, Bonds, Derivatives, Commodities
and Indices. In addition to its main regulated market, Euronext
also operates Euronext GrowthTM and Euronext AccessTM, simplifying
access to listing for SMEs. Euronext also leverages its
expertise in running markets by providing technology and managed
services to third parties. The Norwegian stock exchange and its
custody & settlement subsidiary, together operating as Oslo
Børs VPS, joined Euronext on 17 June 2019. For the latest
news, find us on Twitter (twitter.com/euronext) and LinkedIn
(linkedin.com/euronext).
Disclaimer This press release
is for information purposes only: it is not a recommendation to
engage in investment activities and is provided “as is”, without
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vest in Euronext. This press release speaks only as of this date.
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is available at www.euronext.com/terms-use. © 2020, Euronext N.V. -
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1 For more information about VP Securities acquisition, please
refer to 23 April 2020 press release, available on
www.euronext.com/investors.
2 Adjusted for treasury shares.
- 20200715_ENX_PR VPSecurities
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