Distribution and Impact of Discovery Communications Inc. Distribution on the NASDAQ OMX Indexes
Posted Aug 20, 2014 07:56 (GMT +7)
NEW YORK--(GLOBE NEWSWIRE)--Aug. 1, 2014
On May 16, 2014, Discovery Communications, Inc. (Nasdaq:DISCA) announced a distribution of Class C shares to its stockholders.
NASDAQ OMX is providing the information below to clarify the effect of this distribution on Discovery Communications, Inc. Class A shares in the NASDAQ OMX indexes.
As a result of this transaction, upon distribution, the Discovery Communications, Inc. Class C shares will be added to all NASDAQ OMX indexes that contain Discovery Communications, Inc. Class A shares, including, but not limited to, the NASDAQ-100 Index and the NASDAQ Global Index Family.
This is effective prior to market open on August 7, 2014, the ex-date of the distribution.
In order to best reflect our evolving market, both the Class A shares and the Class C shares of Discovery Communications, Inc. will remain in the Indexes. This action is being taken to provide for seamless distribution of the new securities, and ensure Index continuity.
Projected Index Timeline
August 7 Ex Date:
Prior to market open on Thursday, August 7, 2014, Discovery Communications, Inc. Class C shares will be added to pertinent NASDAQ OMX indexes, including, but not limited to, the NASDAQ-100 and NASDAQ Global Index Family.
In addition, adjustments will be made to the previous closing price of the Discovery Communications, Inc. Class A shares, to reflect the pro rata distribution of the Class C shares.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections about our future financial results, growth, trading volumes, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain strategic, technology, de-leveraging and capital return initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. 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, NASDAQ OMX's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX's website at http://www.nasdaqomx.com and the SEC's website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
About NASDAQ OMX Group
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com
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