Euronext Extraordinary General Meeting results
November 20 2020 - 5:00AM
Euronext Extraordinary General Meeting results
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EURONEXT EXTRAORDINARY GENERAL MEETING
RESULTS
Amsterdam, Brussels, Dublin, Lisbon,
Oslo and Paris – 20 November 2020 – Euronext, the leading
pan-European market infrastructure, announced that today, during an
extraordinary general meeting, its shareholders voted in
favour of all items on the agenda, including the contemplated
acquisition of the Borsa Italiana Group1, with approval from more
than 99.99% of the votes cast.
Following the approval by London Stock Exchange
Group’s (LSEG) shareholders on 3 November 2020,
and the approval of the transaction by the German Federal
Cartel Office on 11 November 2020, today’s approval by Euronext’s
shareholders satisfies one of the major conditions for the
completion of the contemplated acquisition of the Borsa Italiana
Group.
The transaction is conditional upon the
divestment of the Borsa Italiana Group or a material part thereof,
being a condition of the European Commission’s clearance decision
for LSEG’s proposed acquisition of Refinitiv. It also requires
regulatory approvals in Italy, the United Kingdom, the United
States, Belgium and France, a declaration of non-objection from
Euronext’s College of Regulators, and approval of Euronext as a
suitable purchaser by the European Commission. Euronext expects to
complete the transaction in the first half of 2021.
Stéphane Boujnah, Chief Executive Officer and
Chairman of the Managing Board of Euronext, said:
“We are delighted by the strong show of support
from our shareholders today for the contemplated acquisition of the
Borsa Italiana Group. This transaction significantly enhances
Euronext’s scale, diversifies its business mix into new asset
classes, and strengthens its post-trade activities. With today’s
approval by our shareholders, following the approval by LSEG
shareholders on 3 November 2020, we have now satisfied one of the
major conditions for the transaction, which we expect to complete
during the first half of 2021. We look forward to welcoming CDP
Equity and Intesa Sanpaolo soon as new reference shareholders of
Euronext.”
Further information on the contemplated
acquisition of the Borsa Italiana Group are available on:
https://www.euronext.com/en/investor-relations/financial-calendar/acquisition-borsa-italiana-group
The items on the agenda were as follows:
1.
Approval of the acquisition of the entire issued share capital of
London Stock Exchange Group Holdings Italia S.p.A. (“The Proposed
Combination”) pursuant to section 2:107a of the Dutch Civil
Code;
2.
Designation of the Managing Board as the corporate body authorized
to issue shares and/or to grant rights to subscribe for shares and
exclude or limit related pre-emptive rights in connection with the
Proposed Combination (Private Placement);
3.
Designation of the Managing Board as the corporate body authorized
to issue shares and/or to grant rights to subscribe for shares and
exclude or limit related pre-emptive rights in connection with the
Proposed Combination (Rights Offer).
All documents related to the extraordinary
general meeting are available
on:https://www.euronext.com/en/investor-relations/financial-calendar/extraordinary-general-meeting-20112020
Contacts
Investor Relations:Aurélie
Cohen / Clément Kubiak
+33 1 70 48 24 27; ir@euronext.com
Media:Aurélie Cohen
+33 1 70 48 24 45; mediateam@euronext.com
About Euronext
Euronext is the leading pan-European market
infrastructure, connecting local economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, The
Netherlands, Norway and Portugal. With close to 1,500 listed
issuers worth €3.8 trillion in market capitalisation as of end
September 2020, it has an unmatched blue chip franchise 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. Euronext also leverages its expertise in running
markets by providing technology and managed services to third
parties. In addition to its main regulated market, it also operates
Euronext GrowthTM and Euronext AccessTM, simplifying access to
listing for SMEs. Euronext provides custody and settlement services
through central securities depositories in Denmark, Norway and
Portugal.
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1 London Stock Exchange Group Holdings Italia S.p.A. and its
consolidated subsidiaries
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