Update on OMX’ 24 percent ownership in EDX London
Update on OMX 24 percent ownership in EDX London EDX London Ltd, jointly owned by London Stock Exchange and OMX (76 and 24 percent respectively), offers trading and clearing in Scandinavian equity derivatives as well as over-the-counter equity derivatives services in London. During the period April-September 2005, EDX London traded a total of 10.1 million (9.2) contracts, mainly relating to Scandinavian equity derivatives. Although development of services for the over-the-counter equity derivatives market continued during the period, this service does not justify further investment. It is therefore today being announced in London Stock Exchanges Interim Report for April-September that an exceptional impairment loss has been recognized in EDX London. The total impairment in EDX London amounts of GBP 22 m, principally in respect of the impairment of goodwill. OMX owns 24 percent of EDX London, which is treated in OMX accounts as an associated company. With reference to the contracts from the divestment of OM London Exchanges business to EDX London in 2003, it is too early to estimate the total net income effect on OMX of EDX London in 2005. For more information: Jakob Håkanson, Head of Investor Relations +46 8 405 60 42 About OMX | OMX owns and operates the largest securities market in the Northern Europe and is a leading provider of marketplace services and solutions for the financial and energy markets. OMX consists of two divisions: OMX Exchanges and OMX Technology. OMX Exchanges owns and operates the stock exchanges in Copenhagen, Stockholm, Helsinki, Tallinn, Riga and Vilnius as well as the central securities depositories in Estonia and Latvia. Through OMX Exchanges OMX offers access to approximately 80 percent of the Nordic and Baltic securities market. OMX Technology is a world leading provider of solutions and services transaction technology, processing and outsourcing based on proven technology. OMX is listed on the stock exchanges in Stockholm, Helsinki and Copenhagen. For more information please visit www.omxgroup.com. PDF
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