OMX acquisition of the Iceland Stock Exchange finalized
OMX has today finalized the acquisition of Eignarhaldsfelagid Verdbrefathing (EV), owner of the Iceland Stock Exchange (ICEX) and the Icelandic Securities Depository (ISD). The payment to EV’s shareholders is as previously communicated 2,067,560 newly issued OMX shares and the total number of outstanding shares has consequently increased to 120,640,467 as of today.
OMX is also paying a preliminary cash consideration equal to EV’s surplus cash and marketable securities of ISK 409 million (approximately SEK 41 million). The cash consideration might be adjusted as a final assessment of the value of the assets will be made before year-end.
The inclusion of EV into OMX’s accounts will take effect on December 1 and the OMX share will be listed also on ICEX on that same date.