General Announcement::News release: Update on SGX's proposed acquisition of the Baltic Exchange

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-Oct-2016 18:14:42
Status
New
Announcement Sub Title
News release: Update on SGX's proposed acquisition of the Baltic Exchange
Announcement Reference
SG161019OTHRGS98
Submitted By (Co./ Ind. Name)
Yee Kai Pin
Designation
Vice President
Effective Date and Time of the event
18/10/2016 00:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange ("SGX") today announced that a Court hearing has been fixed for 7 November 2016 to sanction the proposed scheme of arrangement under Part 26 of the UK Companies Act ("Scheme") for the acquisition of The Baltic Exchange Limited ("Baltic Exchange").

This follows approval by the Financial Conduct Authority on 13 October 2016 of the proposed change of control of Baltic Exchange Derivatives Trading Limited, the regulated entity of the Baltic Exchange. The transaction is expected to be completed by end-November 2016.

Attachments

20161019_Update_SGX_proposed_acquisition_Baltic.pdf
Total size =274K