Offer Update

RNS Number : 9699Y

London Stock Exchange Group PLC

01 March 2013

 



1 March 2013

LONDON STOCK EXCHANGE GROUP PLC - LCH.CLEARNET GROUP LIMITED:

OFFER UPDATE

On 31 January 2013 London Stock Exchange Group Plc ("LSEG") and LCH.Clearnet Group Limited ("LCH.Clearnet") announced the extension of the longstop date of LSEG's recommended cash offer for a majority stake in LCH.Clearnet until 28 February 2013. Discussions between LSEG and LCH.Clearnet continue to progress well and they have agreed to further extend the longstop date of the transaction until 7 March 2013 in order to finalise the detailed terms of the revised offer, as described in the announcement made on 24 December 2012.

Further announcements will be made as necessary in due course.

For further information please contact:

London Stock Exchange Group
Victoria Brough/Lucie Holloway (Media)	[phone]
Paul Froud (Investor Relations)	[phone]
LCH.Clearnet
Juliana Wheeler	[phone]
(Media)

Notes to Editors

About London Stock Exchange Group: 

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages of over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.

Further information on London Stock Exchange Group can be found at: http://www.londonstockexchangegroup.com/ 

About LCH.Clearnet:

LCH.Clearnet is the leading independent central counterparty group (CCP) in Europe, serving major international exchanges and platforms, as well as a range of OTC markets. It clears a broad range of asset classes including: securities, exchange traded derivatives, energy, freight, interbank interest rate swaps and euro and sterling denominated bonds and repos; and works closely with market participants and exchanges to identify and develop clearing services for new asset classes.

LCH.Clearnet is regulated or overseen by the national securities regulator and/or central bank in each jurisdiction from which it operates.

This announcement is for information purposes only and does not constitute an offer to sell or an invitation to purchase any securities or the solicitation of an offer to buy any securities, pursuant to the offer described in this announcement or otherwise.

 

END

 

 

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