Mr. Per E. Larsson, Chief Executive Officer of OM, commented as follows: "The reaction of the Board of the London Stock Exchange is wholly predictable. We are determined that the London market should have a better alternative to the flawed iX proposals."
OM is an international technology company with a market capitalisation of £2.5 billion that develops and provides transaction technology. It owns and operates a number of exchanges and clearing houses world-wide. Over the last 15 years, OM has become the partner of choice and a world leading provider of integrated exchange technology to 20 international exchanges and clearing houses.
A further announcement will be made in due course.
Lazard, which is regulated in the UK by The Securities and Futures Authority Limited, is acting for OM and no-one else in connection with the approach to the London Stock Exchange and will not be responsible to anyone other than OM for providing the protections afforded to customers of Lazard or for giving advice in relation to the discussions.
