NASDAQ OMX Board of Directors Authorizes an Additional Repurchase of Up to USD 300 Million of the Company's Outstanding Common Stock

NEW YORK, Aug. 1, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that its Board of Directors has granted an additional authorization for the Company to repurchase up to $300 million of the company's common stock, or approximately 8 percent of its outstanding shares at the current share price. 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.

Lee Shavel, NASDAQ OMX's EVP and Chief Financial Officer, said: "NASDAQ OMX continues to generate substantial free cash flow, and we continue to execute on our strategy to deploy that capital effectively. Since January 2009, we have repurchased $1.1 billion of outstanding common stock, representing approximately 50 million shares at an average price of $21.85. These repurchases have collectively reduced our share base by almost 22% in that time period. Share repurchases are an important part of our balanced capital deployment strategy, which also includes a recently initiated quarterly dividend and bolt-in acquisitions. All of our capital deployment efforts are supported by a robust return-on-invested-capital discipline which is targeted to deliver maximum value for our shareholders."

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, acquisitions, 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 inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry.
Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

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, tax benefits and achievement of synergy targets, (ii) statements about the implementation dates and benefits of certain strategic and capital return initiatives, (iii) statements about our integrations of our recent acquisitions and (iv) 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.

NDAQF

 

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