Euronext N.V. announced that today its majority shareholder, NYSE Euronext (Holding) N.V., a wholly owned subsidiary of NYSE Euronext (NYX), has commenced the statutory buy-out procedure under Dutch law. The requisite writ of summons was issued by a bailiff upon the remaining minority shareholders of Euronext N.V. These shareholders jointly hold approximately 2% of Euronext N.V. shares. The price suggested in the writ of summons, to be determined by the Enterprise Chamber of the Amsterdam Court of Appeals - the Ondernemingskamer, is Eur 94.05 per share.
This amount is equal to the cash equivalent of the unconditional principal offer consideration on 4 April 2007, the day of payment under the offer for the shares of Euronext N.V. made by NYSE Euronext (through NYSE Euronext (Holding) N.V.) and the first quotation of the NYSE Euronext common stock with a closing price on that day of Eur 74.21 (0.98 x Eur 74.21 + Eur 21.32 = Eur 94.05).
Trading of Euronext (NXT) shares on Euronext markets has been suspended due to the fact that this information was announced during market hours. Trading of NYSE Euronext (NYX) shares are not affected in European and U.S. markets.