Stockholm, December 19, 2008 — the NASDAQ OMX Nordic reports that due to the
current extraordinary stock market conditions, the January 2009 adjustment of
the market capitalization segmentation on NASDAQ OMX Nordic has been cancelled.
As a result, companies listed on NASDAQ OMX Nordic exchanges will under the
first half of 2009 remain under their current heading of Large, Mid or Small
Cap. The decision is made in accordance with NASDAQ OMX Nordic's segmentation
classification practices.
The recent turmoil on global stock markets has significantly impacted market
value of listed companies, including those listed on NASDAQ OMX Nordic
exchanges. As a result, based on the December 2008 revision, an exceptionally
high number of companies would move between the cap-segments. To support market
stability and efficiency, NASDAQ OMX Nordic has thus decided to cancel the
semi-annual adjustment scheduled for January 2009.
“As we are currently experiencing an historical volatility in the stock market,
it is our responsibility to provide both listed companies and trading members
with an efficient marketplace that supports liquidity across all segments”,
said Hans-Ole Jochumsen, CEO NASDAQ OMX Nordic. “Many of our customers have
been impacted by the recent downturn in the stock market, and this decision,
which was made in close dialogue with them, acts to support financial stability
under extraordinary circumstances”.
About NASDAQ OMX Nordic market cap segments
In line with the NASDAQ OMX Nordic market cap segment structure, companies with
a market value exceeding EUR 1 billion are in the group of “Large Cap”, while
companies with a market value smaller than EUR 150 million belong to “Small
Cap”. Companies between EUR 150 million and 1 billion belong to the “Mid Cap”
segment. This segmentation of the market shall be revised in June and December
of each year with adjustments taking effect in July and January respectively.
About the NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with over 3,900 listed companies. NASDAQ OMX Group offers multiple capital
raising solutions to companies around the globe, including its U.S. listings
market; NASDAQ OMX Nordic, including First North; NASDAQ OMX Baltic and the
U.S. 144A sector. The company offers trading across multiple asset classes
including equities, derivatives, debt, commodities, structured products and
ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges,
clearing organizations and central securities depositories in more than 50
countries. ; NASDAQ OMX Nordic and; NASDAQ OMX Baltic are not legal entities
but describe the common offering from NASDAQ OMX Group exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are no limited to, statements about
NASDAQ OMX's products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
NASDAQ OMX's control. These factors include, but are not limited to factors
detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements. There can be no
assurance that the FSA will give the NASDAQ OMX applicant the authorization and
permissions which it seeks.
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Media Contacts:
Anna Rasin
+46 8 405 66 12
anna.rasin@nasdaqomx.com
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
