General Announcement::SGX and the Baltic Exchange confirm completion of acquisition

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
08-Nov-2016 18:01:14
Status
New
Announcement Sub Title
SGX and the Baltic Exchange confirm completion of acquisition
Announcement Reference
SG161108OTHRRWVJ
Submitted By (Co./ Ind. Name)
Yee Kai Pin
Designation
Vice President
Effective Date and Time of the event
08/11/2016 00:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange Limited ("SGX") and The Baltic Exchange Limited ("Baltic Exchange") are pleased to announce that the acquisition of the Baltic Exchange by SGX has been completed today as planned, bringing together complementary strengths of Singapore and London, two of the world's most important maritime centres.

The despatch of consideration and payment of the Special Dividend to Baltic Exchange shareholders is expected to take place on 18 November 2016.

Further to the announcement on 26 September 2016 that Mark Jackson has been appointed to the role of Chief Executive Officer of the Baltic Exchange, it is confirmed today that he will begin his role on 31 January 2017. Alex Lenhart, currently UK Country Manager for SGX, will serve as interim CEO.

Attachments

20161108_SGX_and_Baltic_Exchange_confirm_completion_of_acquisition.pdf
Total size =283K