London Stock Exchange Group PLC Amendment to Relationship Agreements (0382I)
August 09 2021 - 7:08AM
UK Regulatory
TIDMLSEG
RNS Number : 0382I
London Stock Exchange Group PLC
09 August 2021
9 August 2021
Amendment to Relationship Agreements
London Stock Exchange Group (LSEG) today announces an amendment
to the terms of the Relationship Agreements (as defined below)
between LSEG and the former shareholders of Refinitiv. The
Relationship Agreements are being amended to allow the former
Refinitiv shareholders to introduce leverage of up to 20% on the
value of their entire shareholding in LSEG that is subject to
lock-up provisions, including by allowing a pledge, charge or grant
of another security interest ("Security Interest") under a margin
loan. There are no other changes to the Relationship Agreements or
the original lock up provisions. All market related hedging
activity in relation to the LSEG Shares underlying the Security
Interest by any party continues to be prohibited, other than in the
unlikely event of enforcement of the Security Interest. The agreed
amendment is a common arrangement for large strategic
shareholdings.
The "Relationship Agreements" comprise the original Relationship
Agreement and Relationship Agreement Support Agreement (the
"Relationship Agreements") which between them govern the
relationship between LSEG and the former direct and indirect
shareholders in Refinitiv.
For further information, please contact:
London Stock Exchange Group
plc
Lucie Holloway/ Rhiannon Davies +44 (0)20 7797 1222
(Media) +44 (0)20 7797 3322
Paul Froud (Investors)
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