OMX List Index: Adjustment of Kaupthing Bank, Glitnir and Landsbanki in OMX Nordic indices (19/08)

The following decision is based on press releases from the Financial Supervisory Authority in Iceland (FME) dated October 8, 2008 and October 9, 2008 and the subsequent trading halt. Based on new legislation, the Icelandic FME has taken control of Kaupthing Bank, Glitnir and Landsbanki to ensure continued commercial bank operations in Iceland. 

After not being able to receive valuations from market participants OMX Nordic Exchange Stockholm has according to rule 5.1 in the “Rules for the Construction and Maintenance of the OMX Nordic All-Share, List, Sector and Tradable indices”, decided to adjust today’s closing price of Kaupthing Bank, Glitnir and Landsbanki to zero (0) in the index calculation.

Kaupthing Bank (KAUP, IS0000001469), Glitnir (GLB, IS0000000131) and Landsbanki (LAIS, IS0000000156) will remain at price zero in the OMX Nordic indices until further notice.