Oslo Bors VPS to issue request for written resolution regarding bond issue
The objective is to redeem outstanding bonds following Oslo Bors’ acquisition by Euronext.
Oslo Børs VPS Holding ASA says it will today issue a request for a written resolution for the bond issue with ISIN NO0010822455. The objective is to redeem outstanding bonds.
Danske Bank has been engaged as advisor for the process.
On June 14, 2019, Euronext NV (EPA:ENX) acquired Oslo Bors VPS ASA (the Issuer) and change of control occurred. Bondholders holding NOK 137 million exercised their right to put bonds at a price of 101% plus accrued interest. Following this, the remaining outstanding bonds amount to NOK 313 million. The Issuer would like to redeem the remaining outstanding bonds as soon as possible.
More details may be found in this document.
In June this year, Euronext announced that it has completed settlement of shares under its offer for the share capital of Oslo Børs VPS. Euronext estimates that it now owns 97.8% of the total issued and outstanding share capital of Oslo Børs VPS and will fully consolidate Oslo Børs VPS accounts.
As per the unconditional offer launched in May, Euronext offered NOK 158 plus a fixed interest payment of NOK 3.21 per share for all issued and outstanding shares in Oslo Børs VPS not already owned by Euronext. Euronext’s shareholders had earlier voted in favour of Euronext’s acquisition of up to 100% of Oslo Børs VPS’s capital during the General Meeting of Shareholders. The shareholders’ approval was the last major condition to complete the transaction, since most of the other condition precedents highlighted in Euronext’s offer document were already met, including the clearance received from the Norwegian Ministry of Finance.
