REG - LondonStockExGroup - Commencement of Share Buyback Programme

London Stock ExchangeAnnouncement

04/08/2025 07:00

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RNS Number : 7246T  London Stock Exchange Group PLC  04 August 2025

 

London Stock Exchange Group plc

 

FOR IMMEDIATE RELEASE

 

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INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
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JURISDICTION

 

4 August 2025

 

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London Stock Exchange Group plc - Commencement of Share Buyback Programme

 

London Stock Exchange Group plc (the "Company") announces today that, further
to its announcement on 31 July 2025 of the Company's interim results for the
half year ended 30 June 2025, the Company will commence a share buyback
programme to purchase ordinary shares of 6(79/86) pence each in the Company
(the "Shares") with an aggregate value of up to £1,000,000,000 (the "Buyback
Programme").

 

In connection with the Buyback Programme, the Company has entered into an
irrevocable agreement with Goldman Sachs International ("Goldman Sachs") in
relation to the purchase of Shares by Goldman Sachs, acting as riskless
principal and in accordance with certain pre-set parameters, under which the
Company has instructed Goldman Sachs to purchase Shares with a value of up to
£1,000,000,000. Purchases will commence immediately and will end no later
than 19 December 2025. Goldman Sachs will make trading decisions in relation
to the Buyback Programme independently of, and uninfluenced by, the Company.
Any purchase of Shares by Goldman Sachs contemplated by this announcement will
be carried out on the London Stock Exchange and/or on Turquoise Equities
Trading. Shares purchased by Goldman Sachs will be on-sold by Goldman Sachs to
the Company, and any purchases of Shares by the Company from Goldman Sachs
will be carried out on the London Stock Exchange, with the Shares purchased by
the Company being held in treasury. The arrangements between the Company and
Goldman Sachs are subject to customary termination rights in favour of the
Company and Goldman Sachs. The purpose of the Buyback Programme is to reduce
the share capital of the Company.

 

Any purchases under the Buyback Programme shall take place in accordance with
(and subject to the limits prescribed by) the Company's general authority to
repurchase Shares granted by its shareholders at the annual general meeting on
1 May 2025 (the "2025 Authority"). The maximum number of Shares that the
Company was authorised to purchase under the 2025 Authority was 53,060,997, of
which 50,799,470 remain as at the date of this announcement following
conclusion of the Company's previous share buyback programme with Morgan
Stanley & Co. International plc, which completed on 13 June 2025.
Purchases of Shares by Goldman Sachs shall take place in accordance with the
Market Abuse Regulation (EU) No 596/2014 (including the delegated and
implementing acts adopted under it) and the Commission Delegated Regulation
(EU) No 2016/1052 with regard to regulatory technical standards for the
conditions applicable to buyback programmes and stabilisation measures (in
each case as they form part of the law of the United Kingdom by virtue of the
European Union (Withdrawal) Act 2018, as implemented, retained, amended,
extended, re-enacted or otherwise given effect in the United Kingdom from 1
January 2021 and as amended or supplemented in the United Kingdom thereafter).
The Company will make further regulatory announcements to shareholders in
respect of purchases of Shares under the Buyback Programme as they occur.

 

 

-  Ends -

 

 

For further information, please contact:

 London Stock Exchange Group plc

 Lucie Holloway, Rhiannon Davies (Media)  +44 (0)20 7797 1222

                                          ir@lseg.com

 Peregrine Riviere (Investors)

 

 

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