General Announcement::Baltic Exchange shareholders vote in favour of acquisition by SGX

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
26-Sep-2016 21:05:43
Status
New
Announcement Sub Title
Baltic Exchange shareholders vote in favour of acquisition by SGX
Announcement Reference
SG160926OTHRL3NO
Submitted By (Co./ Ind. Name)
Patricia Choo
Designation
Head, Media Comms
Effective Date and Time of the event
26/09/2016 00:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to announce that the shareholders of The Baltic Exchange Limited (Baltic Exchange) have today approved all the resolutions required in connection with the proposed scheme of arrangement (Scheme) for the acquisition of the Baltic Exchange.

Implementation of the Scheme remains subject to the satisfaction of certain conditions which include the High Court making an order sanctioning the Scheme at a Court hearing and the Financial Conduct Authority's approval of the change of control of Baltic Exchange Derivatives Trading Limited, the regulated entity of the Baltic Exchange.

Commenting on today's development Loh Boon Chye, CEO of SGX, said, "We are very pleased at the outcome of the vote and thank Baltic's shareholders for their strong support. We now look forward to completing the transaction and realising the growth opportunities as we bring together two important maritime centres."

End

Attachments

20160926_Baltic_shareholders_vote_in_favour_of_acquisition_by_SGX.pdf
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