London Stock Exchange: Result Of Extraordinary General Meeting

At the Extraordinary General Meeting of the Company held at 12.00 noon today, the special resolution to amend the articles of association in respect of the 4.9 per cent shareholding limit was not approved by shareholders. The result of the poll was 46.7 per cent in favour and 53.3 per cent against the resolution. Under the provisions of the Companies Act, any resolution to amend a company's articles of association must have at least 75 per cent of votes cast in favour.

8,479,273 shares (representing 28.5 per cent of the issued share capital) were voted in favour of the resolution and 9,674,453 shares (representing 32.6 per cent of the issued share capital) were voted against the resolution. Following the vote, Don Cruickshank, Chairman of the London Stock Exchange, said: "The decision taken today by our shareholders effectively means that any bidder needs to obtain the support of 75 per cent of our shareholders to buy the London Stock Exchange. This reinforces the Board's view that the London Stock Exchange is not up for sale."