In conjunction with the Swedish State, the Stockholm Chamber of Commerce and the Federation of Swedish Industries selling their shares in VPC to the Swedish commercial banking organisations, SEB, Handelsbanken, Föreningssparbanken and MeritaNordbanken in the summer of 1999, OM was granted an option to purchase 11 percent of the shares in VPC. The option also carried the right to appoint one Member of the Board and it is through this mandate that Carl Johan Högbom has now been elected.
It will be very exciting to participate in the future development of the clearing and settlement operations for equity transactions. VPC together with the OM Stockholm Exchange have great potential for ensuring that we are able to further consolidate the role of Sweden as one of the world's most efficient and liquid equity markets, commented Carl Johan Högbom.
