STOCKHOLM, Sweden, March 3, 2004 (PRIMEZONE) -- OMHEX has agreed with various leading Lithuanian securities market participants and financial investors to acquire their shares in the National Stock Exchange of Lithuania (NSEL). OMHEX has today filed an application with the Lithuanian Securities Commission for permission to obtain 34 percent of the shares in the NSEL. Permission is required when acquiring more than 10 percent of the shares.
"We are pleased that a number of important Lithuanian market participants support our efforts and strategy in Lithuania, and that they have decided to sell their shares to us ahead of the privatization of the shares owned by the Government of Lithuania," said Magnus Bocker, President and CEO of OMHEX.
As announced earlier, OMHEX intends to participate in the privatization process of the NSEL and the Central Securities Depository of Lithuania (CSDL). As a logical next step to further its strategy to integrate the Nordic and Baltic securities markets, OMHEX intends to submit an offer for the shares of NSEL and CSDL that are for sale in the privatization process.
About OMHEX
OMHEX is a leading provider of marketplace services and solutions that help customers achieve efficient securities transactions. Within the HEX Integrated Markets division, OMHEX operates Northern Europe's largest securities market. Its exchange operations within Stockholmsborsen, HEX Helsinki, HEX Tallinn and HEX Riga offer investors access to 80 percent of the Nordic and Baltic equity market. HEX Integrated Markets also operates central securities depositories in Finland, Estonia and Latvia. Through the OM Technology division, OMHEX is a world-leading provider of transaction technology, processing and outsourcing solutions to financial markets around the world
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