OMX launches Nordic Baltic Disclosure & News Service

14.06.2006 VLN

The OMX Disclosure & News Service is built on OMX’s extensive expertise in handling information and distributing it to the financial market on behalf of listed companies. The distribution will include more than 60,000 professional investor terminals and almost 3,000 traders globally, as well as a high proportion of private investors and the key global and local media. All companies, regardless of size, disclosure needs, and communication strategy will be able to use the new system to reach target groups locally as well as internationally.

“The OMX Disclosure & News Service is yet another step to improve the services on the Nordic Exchange. We are creating a hub of information which will increase the visibility for Nordic and Baltic companies and improve the transparency for private and professional investors on the Nordic Exchange,” says Hans-Ole Jochumsen, President of Information Services & New Markets.

President of the Tallinn Stock Exchange Kaidi Oone says: “Our customers will experience a user friendly service of high quality. Customers can be confident that the service fulfils the regulatory disclosure obligations coming from the European Union’s Transparency Directive valid as of January 2007.”

OMX has signed a letter of intent to partner with PR Newswire, the world’s most experienced and well respected regulatory and media distribution company. The aim of this partnership is to enable OMX customers to reach targeted media and investors on a global scale.

Lisa Ashworth, Managing Director of PR Newswire Europe is delighted about the customer opportunity this partnership will bring: “PR Newswire’s core competencies are global disclosure and media distribution. We look forward to supporting OMX in offering their customers the most comprehensive distribution network available to the Nordic and Baltic companies.”

OMX will also be able to service the OMX-listed companies that have a secondary listing in the U.S, U.K or other markets with specific distribution obligations, as well as being able to service their wider global investor and media communications.

The new product structure is not expected to have a significant impact on short term earnings and financial results in OMX.

About PR Newswire: Now in its 52nd year, PR Newswire provides electronic distribution, targeting, measurement and broadcast services on behalf of some 40,000 corporate, government, association, trade, non-profit, and other customers worldwide. Using PR Newswire, these organisations reach a variety of critical audiences including the news media, the investment community, government decision-makers, and the general public with their up-to-the-minute, full-text news developments.
Established in 1954, PR Newswire has offices in 11 countries and routinely sends its customers’ news to outlets in 135 countries and in more than 40 languages. Utilising the latest in communications technology, PR Newswire content is considered a mainstay among news reporters, investors and individuals who seek breaking news from the source. PR Newswire is a subsidiary of United Business Media plc of London.

About OMX | OMX is a leading expert in the exchange industry. Through the Nordic Exchange in Copenhagen, Stockholm, Helsinki, Riga, Tallinn and Vilnius, OMX offers access to approximately 80 percent of the Nordic and Baltic securities market. Our integrated technology solutions span the transaction chain enabling efficient securities transactions for exchanges, clearing organizations, central securities depositories and other financial institutions around the world. OMX is listed on the Nordic Exchange in Stockholm, Helsinki and Copenhagen. For more information please visit www.omxgroup.com.