LondonStockExGroup - Result of Meeting
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
PROPOSED DIVESTMENT OF THE BORSA ITALIANA GROUP TO EURONEXT N.V. APPROVED BY
Results of LSEG General Meeting
At the LSEG General Meeting held earlier today for LSEG plc's shareholders ("LSEG Shareholders") to consider the proposed divestment by London Stock Exchange Group Holdings (Italy) Limited of London Stock Exchange Group Holdings Italia S.p.A. and its business (the "Borsa Italiana Group") to Euronext N.V. (the "Transaction"), LSEG Shareholders approved the Transaction.
In addition to approval by LSEG Shareholders, the Transaction is conditional upon, among other things, the divestment of the Borsa Italiana Group or any material part thereof (including MTS S.p.A.) being a condition of any European Commission clearance decision for the Refinitiv transaction, the European Commission having confirmed that it either approves or does not object to Euronext N.V. as the purchaser of the Borsa Italiana Group and the Refinitiv transaction closing in accordance with its terms (each of such conditions being waivable by LSEG plc). The Transaction is also conditional on the approval of Euronext N.V.'s shareholders and the receipt of relevant antitrust and regulatory approvals and these processes are currently underway. The Transaction is expected to close in H1 2021. LSEG expects to complete the Refinitiv transaction in Q1 2021, ahead of completion of this Transaction.
Full details of the resolution passed are set out in the notice of the LSEG General Meeting contained in the circular published by LSEG plc on
In accordance with Listing Rules 9.6.2R and 9.6.3R, the full text of the resolution passed at the LSEG General Meeting will be submitted to the National Storage Mechanism and will be available in due course for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism as well as on LSEG's website www.lseg.com/investor-relations.
Voting results of the LSEG General Meeting
The table below sets out the results of the poll at the LSEG General Meeting held today. Each LSEG Shareholder, present in person or by proxy, was entitled to one vote per LSEG Share held at the Voting Record Time.
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Number of Votes
% of Votes
Number of Votes
% of Votes
Approval of the proposed divestment by London Stock Exchange Group Holdings (Italy) Limited of London Stock Exchange Group Holdings Italia S.p.A. to Euronext N.V.
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" the resolutions.
The number of LSEG Shares in issue at the Voting Record Time of
For further information, please contact:
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+44 (0)20 7797 1222
+44 (0)20 7797 3322
Teneo (Communications Adviser to LSEG plc)
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+44 (0)20 7420 3183
This announcement is made on behalf of LSEG plc by
No offer of securities
This announcement does not constitute or form part of any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of any offer to sell, dispose of, purchase, acquire or subscribe for, any security, including any LSEG plc shares.
This announcement, oral statements made regarding the Transaction, and other information published in connection with the Transaction, contain statements which are, or may be deemed to be, "forward-looking statements". Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. The forward-looking statements contained in this announcement include statements relating to the expected timing and scope of the Transaction and other statements other than historical facts. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "plans", "expects" or "does not expect", "is expected", "is subject to", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.
Although LSEG plc believes that the expectations reflected in such forward-looking statements are reasonable, LSEG plc can give no assurance that such expectations will prove to be correct. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. These factors include the satisfaction of the conditions to the Transaction, as well as factors such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of regulators and other factors such as changes in the political, social and regulatory framework, or in economic or technological trends or conditions. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements. Such forward-looking statements should therefore be construed in the light of such factors.
None of LSEG plc or any of its associates or directors, officers or advisers provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur. You are cautioned not to place undue reliance on these forward-looking statements. Other than in accordance with their legal or regulatory obligations (including under the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Regulation Rules of the FCA), LSEG plc is under no obligation, and LSEG plc expressly disclaims any intention or obligation, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Completion of the Transaction is subject to the satisfaction of a number of conditions as more fully described in the Circular. Consequently, there can be no certainty that completion of the Transaction will be forthcoming.
Unless otherwise defined, all capitalised terms used but not defined in this announcement shall have the meaning given to them in the Circular.
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