August 10, 2022
Amendment to relationship agreements
London Stock Exchange Group (LSEG) today announces an amendment to the terms of the Relationship Agreements (as defined below) between LSEG and the former shareholders of Refinitiv.
The Relationship Agreements are being amended to allow the former Refinitiv shareholders to introduce leverage of up to 20% on the value of their entire shareholding in LSEG that is subject to lock-up provisions, including by allowing a pledge, charge or grant of another security interest (“Security Interest”) under a margin loan. There are no other changes to the Relationship Agreements or the original lock up provisions.
All market related hedging activity in relation to the LSEG Shares underlying the Security Interest by any party continues to be prohibited, other than in the unlikely event of enforcement of the Security Interest. The agreed amendment is a common arrangement for large strategic shareholdings.
The “Relationship Agreements” comprise the original Relationship Agreement and Relationship Agreement Support Agreement (the “Relationship Agreements”) which between them govern the relationship between LSEG and the former direct and indirect shareholders in Refinitiv.
About LSEG
LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.
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Investor Relations
Paul Froud
Group Head of Investor Relations
ir@lseg.com
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