When the Copenhagen Stock Exchange was converted into a limited company in 1996, a number of shareholders’ agreements were concluded. They contained pre-emption rights, among other things. The pre-emption rights granted to the largest group of shareholders expired at end-2001, but they still apply to a number of shareholders, viz. issuers of bonds and issuers of shares.
The shareholders’ decision to terminate the shareholders’ agreements means that now all shareholders in the Copenhagen Stock Exchange A/S, irrespective of any pre-emption rights, will be able to accept the offer submitted by OMX to exchange their shares in the Copenhagen Stock Exchange A/S for shares in OMX AB or a cash consideration.
The termination of the shareholders’ agreements is conditional on the combination of the Copenhagen Stock Exchange and OMX being carried out before 30 June 2005.
