Business
PLACING LONDON STOCK EXCHANGE GROUP PLC
PLACING LONDON STOCK EXCHANGE GROUP PLC.
About this update from London Stock Exchange Group Plc
[{"type":"text","content":"\n\nPRICING PRESS RELEASE\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM AN OFFER FOR SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nPLACING AND DIRECTED BUYBACK IN RESPECT OF, IN AGGREGATE, APPROXIMATELY 21.5 MILLION SHARES IN LONDON STOCK EXCHANGE GROUP PLC (\"LSEG\" OR THE \"COMPANY\").\n6 March 2024\nFurther to the announcement released on 5 March 2024, York Holdings II Limited (\"York Holdings II\") and York Holdings III Limited (\"York Holdings III\" and together with York Holdings II, the \"York Entities\") (being entities owned by BCP York Holdings (Delaware) L.P. (\"BCP York\") (an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc. (\"Blackstone\") and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte. Ltd. and certain other co-investors), Thomson Reuters and certain other minority holders) (BCP York and the York Entities together, the \"Consortium\") have executed a monetisation in respect of approximately 21.5 million shares in LSEG, effected by way of a placing and a directed buyback as set out in further detail below.\nThe York Entities have sold an aggregate of approximately 15.9 million voting ordinary shares of 679/86 pence each (\"Voting Shares\") in the capital of the Company (the \"Sale Shares\") at a price of 8,980 pence per Voting Share (the \"Placing Price\") via a placing to institutional investors (the \"Placing\"). \nThe aggregate gross sale proceeds raised through the Placing are approximately £1.4 billion.\nFurther to the announcement of its preliminary results for the year ended 31 December 2023, including its plan to execute up to £1 billion of share buybacks during 2024...