NASDAQ OMX Announces Program to Repurchase Common Stock
The NASDAQ OMX Group, Inc.
12.10.2011 13:02
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NEW YORK, 2011-10-12 13:02 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that its Board of
Directors has approved a share repurchase program, authorizing NASDAQ OMX to
repurchase in the aggregate up to $300 million of its outstanding common stock.
Purchases by NASDAQ OMX under this program may be made from time to time at
prevailing market prices in open market purchases, privately-negotiated
transactions, block purchase techniques or otherwise, as determined by NASDAQ
OMX's management. The purchases will be funded from existing cash balances.
Further demonstrating its commitment to paying down existing debt during the
fourth quarter of 2011, NASDAQ OMX intends to make a $109 million incremental
debt prepayment in addition to the $11 million mandatory quarterly payment.
Debt payments are expected to total approximately $120 million in the quarter.
Lee Shavel, NASDAQ OMX's Chief Financial Officer, commented, 'This share
repurchase authorization reflects our previously stated commitment to return
excess capital to our shareholders on an ongoing basis while maintaining
prudent leverage levels consistent with our investment grade status. We expect
to continue to deliver strong returns to shareholders through both return of
excess capital and growth through leverage of our core platform and services
and successful ongoing investment in new initiatives.'
This program does not obligate NASDAQ OMX to acquire any particular amount of
common stock. The timing, frequency and amount of repurchase activity will
depend on a variety of factors such as levels of cash generation from
operations, cash requirements for investment in NASDAQ OMX's business, current
stock price, market conditions and other factors. The share repurchase program
may be suspended, modified or discontinued at any time.
About 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 more than 3,500 listed companies. NASDAQ OMX offers multiple capital
raising solutions to companies around the globe, including its U.S. listings
market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the
U.S. 144A sector. The company offers trading across multiple asset classes
including equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX 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 exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow
NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653)
and Twitter (http://www.twitter.com/nasdaqomx).
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 not limited to statements about
NASDAQ OMX's common stock repurchase program and other programs, 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.
CONTACT: Media Contact:
Frank De Maria, NASDAQ OMX
+1.212.231.5183
Frank.DeMaria@NASDAQOMX.Com
Investor Contact:
Vincent Palmiere, NASDAQ OMX
+1.301.978.5242
Vincent.palmiere@nasdaqomx.com
News Source: NASDAQ OMX
12.10.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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The NASDAQ OMX Group, Inc.
12.10.2011 13:02
---------------------------------------------------------------------------
NEW YORK, 2011-10-12 13:02 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that its Board of
Directors has approved a share repurchase program, authorizing NASDAQ OMX to
repurchase in the aggregate up to $300 million of its outstanding common stock.
Purchases by NASDAQ OMX under this program may be made from time to time at
prevailing market prices in open market purchases, privately-negotiated
transactions, block purchase techniques or otherwise, as determined by NASDAQ
OMX's management. The purchases will be funded from existing cash balances.
Further demonstrating its commitment to paying down existing debt during the
fourth quarter of 2011, NASDAQ OMX intends to make a $109 million incremental
debt prepayment in addition to the $11 million mandatory quarterly payment.
Debt payments are expected to total approximately $120 million in the quarter.
Lee Shavel, NASDAQ OMX's Chief Financial Officer, commented, 'This share
repurchase authorization reflects our previously stated commitment to return
excess capital to our shareholders on an ongoing basis while maintaining
prudent leverage levels consistent with our investment grade status. We expect
to continue to deliver strong returns to shareholders through both return of
excess capital and growth through leverage of our core platform and services
and successful ongoing investment in new initiatives.'
This program does not obligate NASDAQ OMX to acquire any particular amount of
common stock. The timing, frequency and amount of repurchase activity will
depend on a variety of factors such as levels of cash generation from
operations, cash requirements for investment in NASDAQ OMX's business, current
stock price, market conditions and other factors. The share repurchase program
may be suspended, modified or discontinued at any time.
About 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 more than 3,500 listed companies. NASDAQ OMX offers multiple capital
raising solutions to companies around the globe, including its U.S. listings
market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the
U.S. 144A sector. The company offers trading across multiple asset classes
including equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX 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 exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow
NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653)
and Twitter (http://www.twitter.com/nasdaqomx).
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 not limited to statements about
NASDAQ OMX's common stock repurchase program and other programs, 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.
CONTACT: Media Contact:
Frank De Maria, NASDAQ OMX
+1.212.231.5183
Frank.DeMaria@NASDAQOMX.Com
Investor Contact:
Vincent Palmiere, NASDAQ OMX
+1.301.978.5242
Vincent.palmiere@nasdaqomx.com
News Source: NASDAQ OMX
12.10.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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