Capital Structure
Share Capital
As at close of business on 31 May 2023, London Stock Exchange Group plc (LSEG) confirms that its share capital consists of a total of 558,326,794 ordinary shares made up of: (i) 500,925,780 ordinary shares of 6 79/86 pence each (excluding treasury shares); (ii) 51,124,377 limited-voting ordinary shares of 6 79/86 pence each, which carry one-tenth of a vote each; and (iii) 6,276,637 ordinary shares held in treasury. Therefore, the total number of voting rights in LSEG on 31 May 2023 is 506,038,218. The above figure of 506,038,218 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, LSEG under the FCA's Disclosure Guidance and Transparency Rules.
Borrowings
The Group has the following committed bank facilities and unsecured notes:
| Notes / Facility | Carrying value at |
Interest |
||
|---|---|---|---|---|
| Type | Maturity Date | £m | £m | % |
| Commited bank facilities | ||||
| Multi-currency revolving credit facility | Dec-24 | 1,425 | (2)* | See note** |
| Multi-currency revolving credit facility | Dec-27 | 1,075 | (3)* | See note** |
| Total committed bank facilities | 2,500 | (5)* | ||
| Committed term loans | ||||
| $2,000m term loan | Dec-23 | 1,295 | 1,295 | See note** |
| Total committed term loans | 1,295 | 1,295 | ||
| Bonds | ||||
| $500m bond, issued April 2021 | Apr-24 | 416 | 415 | 0.650 |
| €500m bond, issued September 2017 | Sep-24 | 444 | 443 | 0.875 |
| €500m bond, issued April 2021 | Apr-25 | 444 | 443 | 0.000 |
| $1000m bond, issued April 2021 | Apr-26 | 831 | 828 | 1.375 |
| €500m bond, issued December 2018 | Dec-27 | 444 | 441 | 1.750 |
| €500m bond, issued April 2021 | Apr-28 | 444 | 441 | 0.250 |
| $1000m bond, issued April 2021 | Apr-28 | 831 | 828 | 2.000 |
| €500m bond, issued September 2017 | Sep-29 | 444 | 441 | 1.750 |
| £500m bond, issued April 2021 | Apr-30 | 500 | 494 | 1.625 |
| $1,250m bond, issued April 2021 | Apr-31 | 1,039 | 1,033 | 2.500 |
| €500m bond, issued April 2021 | Apr-33 | 444 | 438 | 0.750 |
| $750m bond, issued April 2021 | Apr-41 | 623 | 615 | 3.200 |
| Total bonds | 6,904 | 6,860 | ||
| Trade finance loans | Nov-25 | 1 | 1 | |
| Total committed facilities, term loans, bonds and trade finance loans |
8,151 |
* Negative balances represent the value of unamortised arrangement fees.
** As part of the IBOR Reform, a Credit Adjustment Spread (CAS) has been applied where US dollar and sterling LIBOR rates were replaced with SOFR and SONIA rates respectively in the bank facilities. The CAS is variable and depends on the tenor and currency of the borrowings.