Business
PROPOSED PLACING LONDON STOCK EXCHANGE GROUP PLC
PROPOSED PLACING LONDON STOCK EXCHANGE GROUP PLC.
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.\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\nPROPOSED PLACING AND DIRECTED BUYBACK IN RESPECT OF, IN AGGREGATE, APPROXIMATELY 21.5 MILLION SHARES IN LONDON STOCK EXCHANGE GROUP PLC (\"LSEG\" OR THE \"COMPANY\").\n5 March 2024\nYork 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\") announce their intention to execute a monetisation in respect of approximately 21.5 million shares in LSEG, to be effected by way of a placing and directed buyback, as set out in further detail below.\nThe York Entities intend to sell, in aggregate, approximately 15.9 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 \"Placing\"). The Sale Shares represent approximately a 2.9% economic interest and a 3.0% voting interest in the Company.\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, LSEG has separately notified the York Entities of its intention to m...