REG - LondonStockExGroup - Commencement of Share Buyback Programme

London Stock ExchangeAnnouncement

04/11/2025 07:05

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RNS Number : 0128G  London Stock Exchange Group PLC  04 November 2025

 

London Stock Exchange Group plc

 

FOR IMMEDIATE RELEASE

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION

 

4 November 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 23 October 2025 of the Company's Q3 2025 trading
update, 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 Citigroup Global Markets Limited ("Citi") in
relation to the purchase of Shares by Citi, acting as riskless principal and
in accordance with certain pre-set parameters, under which the Company has
instructed Citi to purchase Shares with a value of up to £1,000,000,000.
Purchases will commence immediately and will end no later than 25 February
2026. Citi will make trading decisions in relation to the Buyback Programme
independently of, and uninfluenced by, the Company. Any purchase of Shares by
Citi contemplated by this announcement will be carried out on the London Stock
Exchange and/or on Turquoise Equities Trading. Shares purchased by Citi will
be on-sold by Citi to the Company, and any purchases of Shares by the Company
from Citi will be carried out on the London Stock Exchange, with the Shares
purchased by the Company being cancelled upon settlement. The arrangements
between the Company and Citi are subject to customary termination rights in
favour of the Company and Citi. 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 39,787,711 remain as at the date of this announcement following
conclusion of the Company's previous share buyback programmes with Morgan
Stanley & Co. International plc, which completed on 13 June 2025, and
Goldman Sachs International, which completed on 3 November 2025. Purchases of
Shares by Citi 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 -

 

 

Contacts

 

Investors

Peregrine Riviere / Chris Turner - Investor Relations

ir@lseg.com (mailto:ir@lseg.com)

 

 

Media

Lucie Holloway / Rhiannon Davies - External Communications

+44 (0) 20 7797 1222

newsroom@lseg.com (mailto:newsroom@lseg.com)
www.lseg.com (https://www.lseg.com/en)

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