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The letter from the Ministry of Finance of 8 November 2007 granting approval for the merger of Oslo Børs Holding ASA and VPS Holding ASA stipulated certain conditions for the implementation of the merger. The condition stipulated in respect of payments of dividend and group contribution from VPS ASA to other companies in the group has now been clarified.
The Ministry of Finance stipulated in its approval of the merger that payments of dividend and group contribution from VPS ASA to other companies in the group would require approval by the Ministry. In a letter dated 14 December 2007, the Ministry of Finance clarified this condition as follows:
”Normal payments of dividend that would not cause the solidity of Verdipapirsentralen to fall below a prudent level will be approved. When considering payments of group contribution, the Ministry will apply the principles laid down in the Act of 10 June 1998 No. 40 on financing activity and financial institutions, Section 2a-8, third paragraph.”
Oslo Børs VPS Holding continues its work on resolving the other conditions for the implementation of the merger, and will issue further information in this respect as further matters are resolved.
Information on the conditions specified by the Ministry of Finance for the implementation of the merger can be found at: http://www.obvps.no
