The Board of London Stock Exchange Group plc (the "Exchange") notes the announcement by Nasdaq that it has received acceptances representing only 0.62 per cent. of the issued ordinary share capital of the Exchange, excluding Nasdaq's own shareholding in the Exchange's ordinary shares of approximately 28.75 per cent. The Board also notes Nasdaq's announcement that it will not revise its offer on a Board recommendation.
This very low level of acceptances is in line with the Board's view that Nasdaq's offer substantially undervalues the Exchange and fails to reflect its unique strategic position, outstanding financial performance and excellent prospects.
The Board of the Exchange continues to recommend strongly that Exchange shareholders reject Nasdaq's wholly inadequate offer and take no action in respect of their shareholdings.
