11.04.2020

LSEG Shareholders Approve Sale Of Borsa Italiana

At the LSEG General Meeting 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.

Next Steps

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.

Resolution

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 14 October 2020 in connection with the Transaction (the “Circular”).

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.

FOR* AGAINST TOTAL WITHHELD**
Number of votes % of votes Number of votes % of votes Number of votes Number of votes
Ordinary resolution

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.

291,694,564 100.00 4,193 0.00 291,698,757 19,158

* 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 6.30 p.m. (London time) on 30 October 2020 was 351,447,122 and LSEG plc holds no ordinary shares in treasury. Therefore, the total number of voting rights in LSEG plc at the Voting Record Time was 351,447,122.

Source: LSEG

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