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Borse Dubai Limited ("Borse Dubai") has today completed its previously announced transactions with The Nasdaq Stock Market, Inc. ("Nasdaq"). By completing the transactions, Borse Dubai has sold 117,227,931 shares in OMX AB (publ) ("OMX"), representing approximately 97.2 percent of the total number of shares and votes in OMX, to Nasdaq. In consideration, Borse Dubai has received 42,901,148 newly issued shares in Nasdaq and SEK 11,678,630,352 in cash. In addition, 17,660,367 newly issued Nasdaq shares have been deposited in an independently managed U.S.-based trust for the economic benefit of Borse Dubai. The shares held by the trust are eventually expected to be sold by the trust.
At the same time, Nasdaq has invested USD 50 million by subscribing for newly issued shares in Dubai International Financial Exchange ("DIFX") so as to hold 33 1/3 percent of the outstanding DIFX shares on a fully diluted basis.
As part of the transactions, Nasdaq, OMX and Borse Dubai have entered into a technology licence and marketing agreement that gives Borse Dubai access to the technology platforms and proprietary systems of the NASDAQ OMX Group and future innovations. The NASDAQ OMX Group is expected to have an in-depth industry know how and competence which Borse Dubai can access. Nasdaq and DIFX have entered into a trademark licence agreement which will grant DIFX a licence to use Nasdaq marks in relation to the DIFX business in certain territories and DIFX has the right to re-brand itself and use the Nasdaq name in association with the DIFX name in those territories.
"We are pleased to have successfully concluded this landmark deal. The completed transactions constitute a key milestone in establishing Dubai as one of the world's leading financial centres. Nasdaq and Borse Dubai will together develop DIFX as a global exchange which will bridge the U.S., Europe and the Middle East and further develop and link mature and emerging markets," said Essa Kazim, Chairman of Borse Dubai.
"This transaction is based on a firm belief that the close co-operation between Borse Dubai and the NASDAQ OMX Group and its trading platforms linked together will create a unique platform for growth," said Soud Ba'alawy, Vice Chairman of Borse Dubai.
Any additional OMX shares tendered during the extended acceptance period, which ends at 11.00 a.m. New York time (5.00 p.m. Swedish time) on 29 February 2008, and any further OMX shares delivered under the options, will be sold to Nasdaq in a later closing after settlement of the extended offer period has been completed, for a SEK 265 consideration per each transferred share in OMX.
Borse Dubai's offer document and supplement to the offer document are available on www.borsedubai.com, www.avanza.se, www.evli.com or www.hfv.is. The offer document and the supplement can also be obtained free of charge in printed versions from Borse Dubai, Avanza Bank AB, Evli Bank Plc and H.F. Verðbréf hf. at the following addresses: Borse Dubai, Level 7, Precinct Building 5, Gate District, P.O. Box 506690, DIFC, Dubai, UAE; Avanza Bank AB, Klarabergsgatan 60, P.O. Box 1399, SE-111 93 Stockholm, Sweden; Evli Bank Plc, Aleksanterinkatu 19 A, P.O. Box 1081, FIN-00101 Helsinki, Finland; or H.F. Verðbréf hf., Skólavörðustíg 11, IS-101 Reykjavík, Iceland.
