Business
Proposed Monetisation in LSEG
Proposed Monetisation in LSEG.
About this update from London Stock Exchange Group Plc
[{"type":"text","content":"\n\nLAUNCH 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. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nPROPOSED PLACING, DIRECTED BUYBACK AND CONCURRENT SALE OF CALL OPTIONS IN RESPECT OF, IN AGGREGATE, APPROXIMATELY 43.1 MILLION SHARES IN LONDON STOCK EXCHANGE GROUP PLC (\"LSEG\" OR THE \"COMPANY\").\n6 September 2023\nBCP York Holdings (Delaware) L.P. (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) (\"BCP York\"), York Holdings II Limited (\"York Holdings II\") and York Holdings III Limited (\"York Holdings III\" and together with York Holdings II, the \"York Entities\") (entities owned by BCP York, Thomson Reuters and certain other minority holders) (BCP York, York Holdings II and York Holdings III together, the \"Consortium\") announce their intention to execute a monetisation in respect of 43.1 million shares in LSEG, to be effected by way of a placing, directed buyback and concurrent sale of call options, as set out in further detail below.\nThe Consortium intend to sell, in aggregate, approximately 25.5 million voting ordinary shares of 679/86 pence each (\"Voting Shares\") in the capital of the Company (the \"Sale Shares\") through a placing to institutional investors (the \"Consortium Placing\"). The Sale Shares represent approximately a 4.6% economic interest and a 5.1% voting interest in the Company.\nLSEG has separately notified the York Entities of its intention to make an off-market purchase of approximately £750 million worth of limited-voting ordi...