INVESTOR RELATIONS
PRESS RELEASES
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The matters described within the Investor Relations section of the Knight Capital Group (the "Company") Web site contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed with respect to future periods. These factors include, but are not limited to, the Company's ability to implement its growth strategies, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, intellectual property rights, and other factors detailed in the Company's registration statement and periodic reports filed with the Securities and Exchange.
| NOVEMBER 1, 1999 |
| EASDAQ Raises Additional EUR 3.2 Million and Announces Major New Shareholders |
EASDAQ the pan-European stock market for international
growth and technology companies today announced an extension
to its recent private placement round, raising an additional
EUR 3.2 million from a combination of existing and new
shareholders including E*TRADE Group Inc. (Nasdaq: EGRP) and
Susquehanna Partners of the United States.
On 29 July 1999, EASDAQ announced a capital increase of EUR
22.8 million against a target of EUR 12 million, bringing the
commitment of major new shareholders such as Knight/Trimark,
Morgan Stanley Dean Witter, Crea Invest, Tradepoint and
Goldman Sachs.
Due to the success of this financing round and the strength of
EASDAQ’s strategic positioning, three existing shareholders
wished to increase their investment, and two significant new
shareholders expressed a desire to participate.
As a result of this latest capital increase, EASDAQ’s
shareholding structure has changed as follows:
Shareholder or Shareholder Country Percentage
Group Shareholding
(post-
increase)
Knight/Trimark Group USA 19.49%
Equitable Life Assurance UK 7.56%
Society
ING Group Netherlands 7.34%
KBC Securities Belgium 6.47%
Aros Securities (Unibank) Denmark 4.63%
Apax Partners UK 4.60%
Groupe Banques Populaires France 4.35%
Standard Life Assurance Company UK 3.51%
BancBoston Robertson Stephens USA 3.48%
Deutsche Bank Germany 2.39%
Morgan Stanley Dean Witter USA 2.26%
E*TRADE Group USA 2.26%
Crea Invest Denmark 2.26%
Tradepoint UK 2.26%
Herzog Heine Geduld USA 1.19%
Goldman Sachs USA 1.13%
Susquehanna Partners USA 1.13%
Sub Total 76.31%
Other Shareholders 23.69%
Total 100.00%
new shareholders increased commitment (existing
shareholders)
SHAREHOLDING CHANGES
The two new shareholders participating in EASDAQ’s capital for
the first time are:
E*TRADE Group (2.26%)
E*TRADE Group Inc., a global leader in online personal
financial services, is the world’s most visited online
investing site, offering value-added investing and research
features. In addition to its strategic investment in EASDAQ,
E*TRADE has previously made investments in E*OFFERING, a full-
service online investment bank, and Archipelago, a leading
Electronic Communications Network (ECN). E*TRADE plans to
expand its global presence by launching branded web sites in
the top 20 financial markets worldwide, and presently has
operational web sites in the US, UK, France, Sweden, Japan,
Australia and Canada.
Susquehanna Partners (1.13%)
Susquehanna Partners, GP, is one of the largest independent
proprietary trading firms in the world with expertise in
trading derivative products and other securities. The firm
participates in approximately 2% of the NYSE volume annually,
accounts for approximately 5% of the Options Clearing
Corporation annual trading volume, ranks among the global
market leaders in index arbitrage on a proprietary basis, is
an acknowledged leader in trading listed and OTC currency
derivatives, manages over 30 NYSE equity specialist books, and
trades in the financial markets of approximately 20 countries.
In addition, Knight/Trimark Group of the US consolidated its
position as EASDAQ’s largest shareholder, increasing its stake
from 18.92% to 19.49%. Equitable Life Assurance Society of
the UK moved to become EASDAQ’s second largest shareholder at
7.56% (previously third largest at 7.23%). Herzog Heine
Geduld of the US, a long-time shareholder and one of EASDAQ’s
most active market makers, increased its stake substantially
to 1.19%.
Commenting on this announcement, Stanislas Yassukovich, EASDAQ
Chairman, said: This represents a further major endorsement
for EASDAQ as we move forwards with the implementation of our
strategy to become the leading trading platform in Europe for
international growth and technology stocks. The involvement
of such significant new shareholders is extremely valuable,
and will undoubtedly be instrumental in encouraging other
major international financial institutions to join us. We are
increasingly well-positioned to capitalise on EASDAQ’s unique
strengths and are confident of the growth prospects which lie
ahead for us at a time of accelerating change in the
restructuring of European stock markets.
For further information, please contact:
EASDAQ Lauren Ptito Vice President, Corporate
Communications
Tel: +44 20 7786 6400 / +44 7979 751642
E-mail: lauren.ptito@easdaq.com
|
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The matters described within the Investor Relations section of the Knight Capital Group (the "Company") Web site contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed with respect to future periods. These factors include, but are not limited to, the Company's ability to implement its growth strategies, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, intellectual property rights, and other factors detailed in the Company's registration statement and periodic reports filed with the Securities and Exchange.
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