For immediate release
29 April 2013
Italian legal entity reorganisation valuation report
As part of a reorganisation of London Stock Exchange Group's ("LSEG") Italian legal entities earlier this year, a valuation report was prepared for the specific purposes of the reorganisation and was filed with the Companies Register of the Milan Chamber of Commerce and has recently been made public. This report included a LSEG revenue projection for the year ending 31st March 2016 of €1.4Bn with 12% annual LSEG revenue growth from the start of FY14. It also included 5 year (FY14 to FY18) financial projections for the Italian legal entities together with historic information for such entities for the 9 months to 31 December 2012.
LSEG wishes to make clear that the valuation report was prepared and filed to comply with Italian statutory and civil code requirements, and the report and the financial projections and other information contained in it, should not be relied upon for investment purposes. Furthermore, LSEG's financial projections are subject to change and these projections are not externally verified or audited and the valuation report should not be treated as indicative of the group's or the Italian legal entities' expected future financial performance in any way. There are risks, uncertainties and other important factors that could cause the actual results and performance of the Group and those legal entities to be materially different from the financial projections contained in the valuation report.
LSEG has included the Group's 9 month income and future trends to 31 December 2012 in its Q3 IMS issued on 24 January 2013 and has also commented further on trends for the 11 months to 28 February 2013 in its preclose trading statement issued on 27 March 2013. LSEG will provide updated financial guidance for its financial year ending 31 March 2014 as part of its Preliminary Results announcement for the year ending 31 March 2013.
For further information please contact:
London Stock Exchange Group |
|
Victoria Brough (Media) |
+44 (0) 20 7797 1222 |
Paul Froud (Investor Relations) |
+44 (0) 20 7797 3322 |
