Signs for the London Stock Exchange Group are seen outside offices at Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire License Rights
LONDON, Sept 7 (Reuters) – Investors in the London Stock Exchange Group (LSEG) (LSEG.L), including Blackstone (BX.N) and Thomson Reuters (TRI.TO), have sold around 2.75 billion Pounds ($3.44 billion) raised shares of the exchange operator, bookrunners said on Thursday.
Blackstone and Thomson Reuters, the parent company of Reuters News, have reduced their stakes in LSEG since becoming shareholders through the sale of financial data provider Refinitiv to the UK exchange operator in 2021.
The latest sale by the consortium, which also includes Canada’s CPPIB and Singapore’s GIC, was to institutional investors for around 25.5 million shares at £79.50 per voting share, raising around £2 billion.
The price reflects a 3.8% discount to LSEG shares’ closing price of £82.64 on Wednesday.
LSEG shares opened down 2% on Thursday, trading at £80.80 by 0703 GMT.
In a separate statement, LSEG, which pays Reuters for news, said it had also agreed to pay the syndicate nearly £750m to buy back more than 9m shares outright at £78.94 per share, a discount of corresponds to 4.5%.
The company announced in March that it intended to carry out such a buyback.
According to the bookrunners, a separate offering for retail investors and the sale of call options for approximately 7.9 million shares in Goldman Sachs (GS.N), Barclays (BARC.L) and BofA Securities (BAC.N) were also agreed. and Morgan Stanley (MS.N).
Reporting by Iain Withers, editing by Sinead Cruise and David Goodman
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