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The Financial Supervisory Authority of Norway does not recommend approval for listing
Oslo Børs VPS Holding ASA applied in June 2011 to the Ministry of Finance for approval to list the company’s shares on Oslo Børs or Oslo Axess. The Financial Supervisory Authority of Norway has now advised the Ministry to refuse the application for approval of the listing.
The rationale for the recommendation is, in part, that a listing of the parent company of Oslo Børs on a regulated market that is operated by Oslo Børs could lead to conflicts of interest.
In its recommendation, the Financial Supervisory Authority also advised the Ministry that if it does decide to give its approval to a listing of the company it should impose conditions and specific requirements on Oslo Børs VPS Holding.
Oslo Børs VPS Holding will communicate its evaluation of the Financial Supervisory Authority’s recommendation to the Ministry during the course of December.
Oslo Børs VPS Holding announced in May 2011 that a decision on listing would be submitted to shareholders at an extraordinary general meeting before the end of 2011. The issue of a notice calling such a general meeting has been postponed until a final decision on the application is received from the Ministry of Finance.
For further information, please contact:
Bente A. Landsnes, CEO. Tel: +47 22 34 17 00 / 905 50 495
Geir Heggem, CFO. Tel: +47 22 34 17 22 / 952 38 811
Per Eikrem, SVP Corporate Communications. Tel: +47 22 34 17 40 / 930 60 000
