LCH Shareholders Approve Merger With Clearnet

London Clearing House user-shareholders today voted overwhelmingly in favour of the proposal to merge LCH with Clearnet. Over 90% of LCH's user-shareholders and all of LCH's exchange-shareholders confirmed their support. 100% of votes cast by user-shareholders were in favour of the merger.

David Hardy, Chief Executive of LCH and Chief Executive elect of LCH.Clearnet, said: "I am delighted by this near-unanimous support for the merger from our two classes of shareholders. The vote endorses our view that the merger will be in the interests of all our stakeholders. Today marks a major step forward in the integration of European capital markets infrastructure."