LONDON STOCK EXCHANGE GROUP PLC AND LCH.CLEARNET GROUP LIMITED: OFFER UPDATE
1 March 2013
On 31 January 2013 London Stock Exchange Group Plc (“LSEG") and LCH.Clearnet Group Limited (“LCH.Clearnet") announced the extension of the longstop date of LSEG’s recommended cash offer for a majority stake in LCH.Clearnet until 28 February 2013. Discussions between LSEG and LCH.Clearnet continue to progress well and they have agreed to further extend the longstop date of the transaction until 7 March 2013 in order to finalise the detailed terms of the revised offer, as described in the announcement made on 24 December 2012.
Further announcements will be made as necessary in due course.
For further information please contact:
London Stock Exchange Group
Victoria Brough/Lucie Holloway: +44 (0) 20 7797 1222 (Media)
Paul Froud: +44 (0) 20 7797 3322 (Investor Relations)
LCH.Clearnet
Juliana Wheeler: +44 (0) 20 7426 7638 (Media)
Notes to Editors
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages of over 200,000 equity, bond and alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.
Further information on London Stock Exchange Group can be found at: http://www.londonstockexchangegroup.com
About LCH.Clearnet:
The LCH.Clearnet Group is a leading multi-asset class and multi-national clearing house, serving major exchanges and platforms as well as a range of OTC markets.
LCH.Clearnet’s world-class risk management framework provides the markets with exceptional levels of protection. Both the soundness of its risk management approach and the resilience of its systems have been proven in recent times. As demand for robust clearing services continues to grow, LCH.Clearnet is committed to setting and maintaining the highest standards across all asset classes cleared.
For more information on LCH.Clearnet visit www.lchclearnet.com/media_centre