LSEG Agrees To Shareholder Meeting On Succession11.10.2017
London Stock Exchange Group plc (“LSEG” or the “Company”) confirms that, on 9 November 2017, it received a letter of requisition from the legal custodian of The Children’s Investment Master Fund requiring the Board to convene a general meeting of the shareholders of LSEG to consider the resolutions set out below.
1. THAT, pursuant to Article 135 of the Articles of Association of the Company, Donald Brydon be and is hereby removed from office as a director of the Company with immediate effect.
2. THAT the board of directors of the Company be and is hereby directed pursuant to Article 127 of the Articles of Association of the Company to:
(a) terminate the search for a new chief executive officer of the Company with immediate effect; and
(b) subject to Xavier Rolet’s consent, permit Xavier Rolet to remain in office as director and Chief Executive Officer of the Company until 2021 on no less favourable terms than his existing employment arrangements provided that the continuance of his appointment shall be without prejudice to the ability of the board of directors of the Company to summarily terminate his employment on the basis of any of the grounds specified in Xavier Rolet’s existing service contract and the ability of the shareholders of the Company to remove him by ordinary resolution.”
LSEG will meet its obligations in respect of the requisition and intends to publish a circular in connection with such requisition meeting as soon as reasonably practicable. The Company is required to give notice to convene a requisitioned meeting within 21 days of a valid requisition.
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