TIDMLSE
RNS Number : 7349U
London Stock Exchange Group PLC
31 July 2020
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
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
31 July 2020
LSEG All Share Acquisition of Refinitiv - Update
In the context of the European Commission's Phase II review,
London Stock Exchange Group plc (LSEG) confirms that it has
commenced exploratory discussions which may result in a sale of
LSEG's interest in MTS or potentially the Borsa Italiana group as a
whole. There can be no certainty that LSEG will decide to proceed
with a transaction relating to either of these businesses.
LSEG also confirms today that the United States Department of
Justice has closed its antitrust investigation of the transaction
without remedies. LSEG has received a number of other antitrust and
foreign investment approvals and continues to make progress in
relation to the remaining clearances and approvals upon which the
Transaction is also conditional. LSEG expects to close the
Refinitiv transaction by the end of 2020 or early in 2021.
- Ends -
For further information:
London Stock Exchange Group plc
+44 (0)20 7797
Media: Gavin Sullivan / Lucie Holloway 1222
+44 (0)20 7797
Investor Relations: Paul Froud 3322
Lucas van Praag, Philip Gawith, Doug Campbell +44 (0)20 7420
(Teneo) 3183
Notes to Editors
MTS S.p.A. is a majority owned subsidiary of Borsa Italiana
S.p.A. MTS operates fixed income trading platforms including MTS
Cash, MTS Bondvision and MTS BondsPro.
Borsa Italiana S.p.A. is indirectly owned (99.99%) by LSEG plc.
Borsa Italiana operates the leading Italian Equity Market dedicated
to mid and large size companies, AIM Italia and a number of other
trading platforms and its group includes clearing house Cassa Di
Compensazione e Garanzia S.p.A. ("CC&G"), MTS S.p.A., central
securities depository Monte Titoli S.p.A. and Elite.
Further information
This announcement is not intended to and does not constitute, or
form part of, an offer, invitation or the solicitation of an offer
to purchase, otherwise acquire, subscribe for, sell or otherwise
dispose of any securities, or the solicitation of any vote or
approval in any jurisdiction, pursuant to the Refinitiv transaction
(the "Transaction") or otherwise, nor shall there be any sale,
issuance or transfer of securities of LSEG in any jurisdiction in
contravention of applicable law.
Forward looking statements
This announcement (including information incorporated by
reference in this announcement), oral statements made regarding the
Transaction and other information published in connection with the
Transaction contain statements which are, or may be deemed to be,
"forward-looking statements". Forward-looking statements are
prospective in nature and are not based on historical facts, but
rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. The
forward-looking statements contained in this announcement include
statements relating to the expected effects of the Transaction on
LSEG and its group, the expected timing and scope of the
Transaction and other statements other than historical facts.
Often, but not always, forward-looking statements can be identified
by the use of forward-looking words such as "plans", "expects" or
"does not expect", "is expected", "is subject to", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "should", "would", "might" or "will" be taken,
occur or be achieved.
Although LSEG believes that the expectations reflected in such
forward-looking statements are reasonable, LSEG can give no
assurance that such expectations will prove to be correct. There
are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied
by such forward-looking statements. These factors include the
satisfaction of the conditions to the Transaction as well as
factors such as future market conditions, currency fluctuations,
the behaviour of other market participants, the actions of
regulators and other factors such as changes in the political,
social and regulatory framework, or in economic or technological
trends or conditions. Other unknown or unpredictable factors could
cause actual results to differ materially from those in the
forward-looking statements. Such forward-looking statements should
therefore be construed in the light of such factors.
None of LSEG or any of its associates or directors, officers or
advisers provides any representation, assurance or guarantee that
the occurrence of the events expressed or implied in any
forward-looking statements in this announcement will actually
occur. You are cautioned not to place undue reliance on these
forward-looking statements. Other than in accordance with their
legal or regulatory obligations (including under the Listing Rules,
the Disclosure Guidance and Transparency Rules and the Prospectus
Regulation Rules of the FCA), LSEG is under no obligation, and LSEG
expressly disclaims any intention or obligation, to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
Transaction conditions
Completion of the Transaction is subject to the satisfaction of
a number of conditions. Consequently, there can be no certainty
that completion of the Transaction will be forthcoming.
Transmission of this announcement
Neither this announcement, nor any copy of it may be taken or
transmitted directly or indirectly into or from any jurisdiction
where to do so would constitute a violation of the relevant laws or
regulations of such jurisdiction. Any failure to comply with this
restriction may constitute a violation of such laws or regulations.
Persons into whose possession this announcement or other
information referred to therein comes, should inform themselves
about, and observe, any restrictions in such laws or
regulations.
Compliance with laws
This announcement has been prepared for the purpose of complying
with the applicable laws and regulations of the United Kingdom and
information disclosed may not be the same as that which would have
been disclosed if this announcement had been prepared in accordance
with the laws and regulations of jurisdictions outside the United
Kingdom.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCDZGFNKMFGGZG
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