Gruppe Börse Stuttgart
Gruppe Börse Stuttgart: Börse Stuttgart welcomes decision by shareholders of Nordic Growth Market NGM Holding AB
Gruppe Börse Stuttgart / Mergers & Acquisitions Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- A clear vote of confidence in Börse Stuttgart On Friday, at an Extraordinary General Meeting the shareholders of Nordic Growth Market NGM Holding AB ('NGM Holding') approved the Board's proposal to sell Nordic Growth Market NGM AB ('NGM') to Börse Stuttgart. The motion was approved by an overwhelming majority of the votes and of the shares represented. Börse Stuttgart can now implement its transaction plans and become the sole owner and operator of NGM. The total value of the transaction amounts to SEK 40 million (approx. EUR 4 million). On Monday, 17 November 2008, Börse Stuttgart announced its intention of taking over NGM, Sweden's second biggest exchange. The condition precedent for the transaction to go ahead was that it was approved by the shareholders at the Extraordinary General Meeting held today on Friday, 21 November 2008. 'We are very pleased that the shareholders of NGM Holding have accepted our offer with large majority so that we will in the future be running the business of NGM. We see this as a clear vote of confidence in Börse Stuttgart as the best solution for NGM's future,' said Christoph Lammersdorf, CEO of boerse-stuttgart Holding GmbH. As one of Germany's leading stock exchanges, Börse Stuttgart will be contributing its experience and expertise to NGM and further expanding stock market trading for retail investors in the countries of Northern Europe. In close consultation with 'Finansinspektionen', Sweden's supervisory authority for financial services, Börse Stuttgart will now initiate the steps that are necessary in order to regain the licence needed to operate a regulated stock market. For NGM as an exchange this means that Börse Stuttgart will be assuming full responsibility for the business as from the closing date. NGM will play a key role in Börse Stuttgart's plans for developing the market in Northern Europe. The focus will be on achieving greater transparency on all levels of trading, providing private investors with information and knowledge, and on enhancing and refining both the trading platform and the market model. Media Relations of Börse Stuttgart and Hallvarsson & Halvarsson will be pleased to respond to any enquiries from editorial boards: Media Relations Börse Stuttgart • Börsenstrasse 4 • 70174 Stuttgart • Germany Philipp Hahn and Uwe Velten phone +49 (0)711 222 985-511 fax +49 (0)711 222 985-555 email presse@boerse-stuttgart.de Nordic Media Relations: Hallvarsson & Halvarsson, Stockholm, Sweden Martin Haag phone +46 (0)8 407 22 56 email martin.haag@halvarsson.se 21.11.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Gruppe Börse Stuttgart Börsenstr. 4 70174 Stuttgart Deutschland Phone: +49 (0)711-222-985-0 Fax: +49 (0)711-222-985-545 E-mail: presse@boerse-stuttgart.de Internet: www.boerse-stuttgart.de ISIN: DE0005858401 WKN: 585840 End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found