LSEG Shareholders to Sell 10.5 Million Shares in Secondary Placing

   By Adriano Marchese

Shareholders in London Stock Exchange Group PLC intend to sell 10.5 million voting ordinary shares in a placing to institutional investors, J.P. Morgan Securities PLC said Thursday.

The Placing Shares being sold by the sellers are on behalf of Thomson Reuters and certain members of Refinitiv management only, which own an aggregate of around 32% economic interest and 24% voting interest in London Stock Exchange Group.

The final number of placing shares as well as their price will be determined by way of accelerated bookbuilding process to institutional investors. At Wednesday's closing price of 7,268 pence per share, the value of the 10.5 million shares would be worth 763.1 million pounds ($1.07 billion).

LSEG won't receive any proceeds from the sale, J.P. Morgan Securities said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 18, 2021 13:15 ET (17:15 GMT)

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