OMX and the owners of Eignarhaldsfelagid Verdbrefathing (EV) have signed a share purchase agreement, by which the Iceland Stock Exchange (ICEX) and the Icelandic Securities Depository (ISD) will join the OMX Nordic Exchange.
The equity consideration to EV’s shareholders is 2, 067, 560 newly issued shares in OMX (1.7 per cent of the total number of outstanding shares after the transaction) worth ISK 2,500 million (SEK 271 million) based on a OMX share price of SEK 131. Following this transaction, the total number of outstanding shares in OMX will be 120, 640, 467.
In addition, OMX will make a cash consideration equal to EV’s surplus cash and marketable securities. The amount will be determined on the closing of the transaction, which is expected by the end of November 2006.