Annual Financial Report and Notice of AGM

RNS Number : 1997U

London Stock Exchange Group PLC

24 March 2023

 

London Stock Exchange Group plc Annual Report and Accounts, Notice of Annual General Meeting, Sustainability Report, Climate Report, Global Pay Equity Report, Modern Slavery Statement, and related documents.

24 March 2023

The Annual Report and Accounts of London Stock Exchange Group plc ("LSEG" or the "Company") for the year ended 31 December 2022 (the "Annual Report") and the Notice of Annual General Meeting 2023 (the "AGM Notice") and related form of proxy for the Company's 2023 Annual General Meeting (the "AGM") are being mailed to shareholders today and, in accordance with paragraph 9.6.1 of the FCA Listing Rules, have been submitted to the National Storage Mechanism where they will shortly be available for inspection at  https://data.fca.org.uk/#/nsm/nationalstoragemechanism .   

The Annual Report and AGM Notice are also available on the Company's website at https://www.lseg.com/investor-relations .

As announced in the Company's Preliminary Results for the year ended 31 December 2022, a special resolution (the "Resolution") seeking authority from shareholders to make off-market purchases of voting ordinary shares and/or Limited-voting Ordinary Shares from the Consortium Shareholders (as defined in the Resolution set out in the AGM Notice), or their nominee(s), will be proposed at the AGM.

Under the proposed terms of the Directed Buyback Contract, the Company may agree with the Consortium Shareholders to make off-market purchases of its voting ordinary shares and/or Limited-voting Ordinary Shares at such times and on such number of occasions as the Independent Directors (as defined in the AGM Notice) may determine: (a) by way of one or more standalone purchases; (b) in conjunction with any offer or sale by the Consortium Shareholders (or their nominee(s)) by way of or including an institutional placing; or (c) through a broker-managed directed trading programme, subject in each case to certain agreed parameters.

Authority to enter into the Directed Buyback Contract would, if approved, give the Company the flexibility, if appropriate at the relevant time and with the agreement of the Consortium Shareholders, to reduce the holdings of the Consortium Shareholders in the Company which would otherwise likely be sold into the market in due course. The Independent Directors will only exercise the power to conduct off-market purchases if they conclude at the relevant time it is in the best interests of the Company and its shareholders as a whole.

Full details of the proposal are set out in the AGM Notice. LSEG has also published today the following documents:

· Sustainability Report 2022;

· Climate Report 2022;

· Global Pay Equity Report 2022; and

· Modern Slavery and Human Trafficking Statement 2022,

which are available at  https://www.lseg.com/investor-relations/sustainability .

This announcement is made in accordance with DTR 6.3.5R(1A).

For further information, please contact:

Peregrine Riviere (Investors)	[e-mail]
Lucie Holloway, Rhiannon Davies (Media)	[phone]

 

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