Borse Dubai Announces The Sale Of 8,500,000 Shares In London Stock Exchange Group

Borse Dubai has completed the sale of 8,500,000 shares in London Stock Exchange Group plc (LSEG). The sale represents approximately 3.1% of the LSEG’s share capital and was conducted by way of an accelerated bookbuild on 4 September. The shares were sold to institutional investors at a price of 2,020p each.

Following the sale, Borse Dubai remains the largest shareholder with a holding of approximately 17.4%. Borse Dubai intends to use the proceeds from this sale to fully subscribe to the rights issue, in relation to the proposed acquisition of Frank Russell Company, on its remaining holding in LSEG. Borse Dubai has no current intention to sell any further shares in LSEG and remains a long term supportive shareholder. Nomura acted as Sole Bookrunner on the transaction.