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SGX and Baltic Exchange extend period of exclusive discussions

by June 28, 2016 General


Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for 100% of the share capital of the Baltic Exchange (Transaction) from 30 June 2016 to 31 August 2016.

SGX and the Baltic Exchange have together met with shareholders and much of the stakeholder community over the past weeks to discuss the Transaction and have made good progress in consultations. The extension to the period of exclusivity allows this dialogue to continue before the final terms of the Transaction are agreed.

SGX reiterates that there is no assurance that the exclusivity agreement signed on 25 May 2016 will lead to any definitive agreement(s) or completion of the Transaction. SGX will comply with the listing rules of the Singapore Exchange Securities Trading Limited, and will promptly disclose any material developments with regard to the Transaction by way of public announcement.
Source: Singapore Exchange