- Title:
Amendment to Relationship Agreements - Time:
13:08:17 - Date:
9 Aug 2021 - Category:
Acquisitions and alliances - ID:
0382I
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 |
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| Lucie Holloway/ Rhiannon Davies (Media) |
+44 (0)20 7797 1222 +44 (0)20 7797 3322 |
| Paul Froud (Investors) |
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Amendment to Relationship Agreements13:08:179 Aug 2021Acquisitions and alliances0382I