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HomeIndustry NewsOslo Bors VPS reports management transactions in its shares after Euronext's offer...
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Oslo Bors VPS reports management transactions in its shares after Euronext’s offer becomes unconditional

As FinanceFeeds has reported, Euronext’s offer to acquire all outstanding shares in Oslo Børs VPS Holding ASA was made unconditional on May 31, 2019. As a result, Oslo Bors has reported a series of transactions in its shares by insiders. 

Earlier today, Oslo Bors said Trond Pettersen (Chief Compliance Officer, VPS) has accepted the offer for 1,551 shares. The resulting holding is 209 shares.

On June 3, 2019, Oslo Bors said a number of primary insiders have accepted the offer. Oslo Bors’ SVP Finance Geir Heggem (including close associates) has accepted the offer for 5,321 shares (the resulting holding being 185), whereas Senior Vice President Corporate Communications Per Eikrem has accepted the offer for 6,153 shares (the resulting holding being 209 shares). EVP Primary Market and Legal Affairs Øivind Amundsen has accepted the offer for 5,972 shares (the resulting holding is 16 shares).

On May 31, 2019, Euronext launched an unconditional offer at 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. This unconditional offer will be open for acceptance until June 28, 2019 at 18:30 Central European Time. Shareholders accepting this unconditional offer on or before June 7, 2019 will receive settlement on June 14, 2019.

Earlier in May, Euronext’s shareholders 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. 

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