Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Sale Of Oslo Exchanges: Strong Interest From Employees

Date 11/05/2001

Approximately 70% of the 100 or so staff of Oslo Exchanges and its subsidiaries have applied to buy shares in the public Share Offer for the sale of shares in Oslo Børs Holding ASA. Applications by employees total ca. NOK 4 million. The application period for the Share Offer runs from 8 May to 21 May, but employee applications were restricted to 8 - 9 May.

"I am delighted to see such a high proportion of employees applying to buy shares. It is very desirable that employees should have an ownership interest in their own workplace, and these applications demonstrate the confidence our employees place in the future of Oslo Exchanges" comments Sven Arild Andersen, President and Chief Executive Officer of Oslo Exchanges.

Shares purchased through the employee offer will be at the same price as for the share offer as a whole. All employees have been offered a loan of up to NOK 25,000 to buy shares, repayable over 12 months. Applications by employees will be satisfied in full subject to a total limit of 3% of the Share Offer, which is for a total of 5,000,000 shares in Oslo Børs Holding ASA.

Confinity_sky1-min.gif MV 120 X 600 Hard to Reach BT_Radianz_120x600_Jul23.jpg
Confinity_sky1-min.gif MV 120 X 600 Hard to Reach BT_Radianz_120x600_Jul23.jpg