London Stock Exchange Group to commence £700M share buyback program
London Stock Exchange Group plc (LON:LSEG) will commence a share buyback program to purchase ordinary shares of 6 79/86 pence each in the company with an aggregate value of up to £700,000,000.
In connection with the buyback program, LSEG has entered into an agreement with BNP PARIBAS in relation to the purchase of Shares by BNP Paribas, acting as riskless principal and in accordance with certain set parameters (as updated from time to time in accordance with the terms of the agreement), under which the Company has instructed BNP Paribas to purchase Shares with a value of up to £700,000,000.
Purchases will commence immediately and will end no later than 6 November 2026.
Subject to the terms of the agreement, BNP Paribas will make trading decisions in relation to the Buyback Programme independently of, and uninfluenced by, LSEG.
Any purchase of Shares by BNP Paribas contemplated by today’s announcement will be carried out on the London Stock Exchange and/or on Turquoise. Shares purchased by BNP Paribas will be on-sold by BNP Paribas to the Company, and any purchases of Shares by the Company from BNP Paribas will be carried out on the London Stock Exchange and/or on Turquoise, with the Shares purchased by the Company to be cancelled upon settlement.
