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OMX full owner of Armex, central depository of Armenia

08.01.2008, 21:20
Yesterday the Swedish OMX operator became full owner of the Armenian Stock Exchange (ARMEX) and Central Depository of Armenia.
YEREVAN, January 8. /ARKA/. Yesterday the Swedish OMX operator became full owner of the Armenian Stock Exchange (ARMEX) and Central Depository of Armenia.

ARMEX reports that a 5-member Supervisory Council is shortly to be formed, with three Council members to represent the OMX and two Armenia.

On December 29, 2007, the Central Bank of Armenia (CBA) approved amendments to the Rules of the Armenian Stock Exchange (ARMEX) and RA Central Depository.

On November 21, 2007, the RA Government and the OMX operator singed an agreement on the sale of ARMEX and the RA Central Depository to the OMX.

ARMEX was founded in 2001 and incorporated by the RA Securities Commission on February 13, 2001. On November 9, 2007, ARMEX was transformed to an open corporation. –0--