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Derivatives: Anticipated adjustment in Scania due to offer (38/14)

May 13, 2014

As communicated in Exchange Notice 14/14, Volkswagen Aktiengesellschaft (Volkswagen) has announced a cash offer to acquire all outstanding shares of Scania AB (Scania), whereby every one (1) Scania share held entitles their holder to a cash payment of SEK 200. On May 13, 2014, Volkswagen announced that all conditions for completion of the Offer have been fulfilled. Accordingly, Volkswagen will request for a de-listing of the Scania share. NASDAQ OMX Derivatives Markets will (1) set a new expiration day for options, forwards and futures contracts in Scania and (2) settle the contracts at Fair Value. The new Expiration date will be at latest three trading days prior to the delisting date of the Scania share. Information regarding the new Expiration date will be communicated in a separate Exchange Notice as soon as more information is available. Following an adjustment, an ordinary Expiration procedure shall be performed on the New Expiration Day and, in addition, there will be a cash settlement of the difference between the contracts theoretical value (Fair Value) and intrinsic value. For further information, please see the attached file or contact Emelie Bergstrand +46 8 405 6886 or Andreas Karlsson +46 8 405 7378. Copyright 2014 OMX AB (publ).

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Source: OMX

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