NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
FOR IMMEDIATE RELEASE
28 September 2016
RECOMMENDED ALL-SHARE MERGER BETWEEN LONDON STOCK EXCHANGE GROUP PLC AND DEUTSCHE BÖRSE AG
Update on the European Commission Review
Potential Sale of LCH SA
London Stock Exchange Group ("LSEG") notes the European Commission's announcement confirming the commencement of Phase II proceedings in connection with its review of the proposed merger.
In order to enable LSEG to address proactively anti-trust concerns raised by the European Commission in relation to certain businesses, LSEG confirms that LSEG and LCH Group Limited intend to explore a potential sale of LCH SA, LCH Group Limited's French-regulated operating subsidiary.
Any potential sale of LCH SA would be subject to the review and approval by the European Commission in connection with the recommended merger of LSEG and Deutsche Börse AG which was announced on 16 March 2016 (the "Merger") and other customary conditions including relevant regulatory approvals. It would also be conditional on the successful closing of the Merger.
Enquiries:
London Stock Exchange Group plc |
Gavin Sullivan / Lucie Holloway / Ramesh Chhabra (Press Office) |
+44 20 7797 1222 |
Paul Froud (Investor Relations) |
+44 20 7797 3322 |
Anthony Cardew (Cardew Group) |
+44 20 7930 0777 |
Lucas van Praag (Fitzroy Communications) |
+1 212 498 9772 |
Delphine Peyrat-Stricker (Image Sept) |
+33 1 53 70 74 14 |
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 Merger or otherwise, nor shall there be any sale, issuance or transfer of securities of LSEG or Deutsche Börse AG in any jurisdiction in contravention of applicable law.
Overseas jurisdictions
The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. The information disclosed in this announcement may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside the United Kingdom.
Publication of this announcement
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available on the website of LSEG at www.lseg.com by no later than 12 noon (London time) on the business day following this announcement. The content of the websites referred to in this announcement are not incorporated into and do not form part of this announcement.
