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The Board of OMX has decided to invite shareholders to an extraordinary general meeting in order to address the election of Board of Directors. The Extraordinary General Meeting is scheduled for April 21, 2008, at 5.00 p.m.CET, at NASDAQ OMX offices in Stockholm.
As Nasdaq OMX Group on February 29, 2008 controlled approximately 97.2 percent of the shares and votes in OMX AB, the Board of Directors of OMX AB have given notice that they will step down ahead of the Annual General Meeting 2008.
The Board proposes that the General Meeting sets the number of Directors to five and elects Magnus Böcker - President of NASDAQ OMX, Anna Ewing - ExecutiveVice President Operations and Technology, Markus Gerdien - Executive VicePresident Market Technology, Hans-Ole Jochumsen - Executive Vice PresidentTransaction Services Nordics and David Warren - CFO of NASDAQ OMX, as new BoardMembers up until the next Annual General Meeting. Magnus Böcker is proposed to be elected Chairman of the Board.
Furthermore, the Board of Directors proposes that the General Meeting approve that no remuneration will be paid out to the new board members as they are all employed by NASDAQ OMX.
As NASDAQ OMX Group owns over 97 percent of the shares and votes in OMX AB, and as the company is expected to soon be delisted, the Board has found reason to not comply with the Corporate Governance Code and the listing agreement with OMX Nordic Exchange with regard to the composition of the Board.
The Annual General Meeting is scheduled for June, 2008, in Stockholm.
About OMX
OMX is a leading expert in the exchange industry. The OMX NordicExchange comprises over 800 companies including its alternative market FirstNorth. OMX provides technology to over 60 exchanges, clearing organizations and central securities depositories in over 50 countries. The Nordic Exchange is not a legal entity but describes the common offering from OMX exchanges inHelsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. OMX is aNordic Large Cap company in the Financials sector on the OMX Nordic Exchange.For more information, please visit www.omxgroup.com.
