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Transaction Completion and Admission to Trading
Further to the announcement on 28 January 2021, London Stock Exchange Group plc ( LSEG or the Company ) confirms that its all-share acquisition of Refinitiv (the Transaction ) has now completed.
David Schwimmer, Chief Executive Officer, LSEG: Completion of the acquisition of Refinitiv marks an important milestone in LSEG s history. I am delighted to welcome our new Board Directors, shareholders, executive management and all the new Refinitiv colleagues joining LSEG. This transformational transaction brings together two highly complementary global businesses with a shared commitment to an Open Access philosophy, working in partnership with customers. LSEG is focused on delivering the benefits of the transaction helping customers to access data, trading tools, analytics and risk management across the financial markets and at scale around the globe. LSEG is well positioned for long-term sustainable growth in a rapidly evolv
LSEG” or the “
Transaction”) has now completed.
David Schwimmer, Chief Executive Officer, LSEG:
“Completion of the acquisition of Refinitiv marks an important milestone in LSEG’s history. I am delighted to welcome our new Board Directors, shareholders, executive management and all the new Refinitiv colleagues joining LSEG. This transformational transaction brings together two highly complementary global businesses with a shared commitment to an Open Access philosophy, working in partnership with customers. LSEG is focused on delivering the benefits of the transaction helping customers to access data, trading tools, analytics and risk management across the financial markets and at scale around the globe. LSEG is well positioned for long-term sustainable growth in a rapidly evolving landscape as a leading global financial markets infrastructure and data provider.”
Fri, 29 January 2021 | Written By: Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
Musk powers Bitcoin surge
Bitcoin surged this morning as Elon Musk changed his Twitter bio to say simply #Bitcoin, later posting ‘In retrospect, it was inevitable’. Prices leapt from around $32,400 to touch on $38,000 in under an hour following the update, before retracing to trade around $36,500. We have seen this week the power of social media to drive markets, with the Reddit situation in full public glare. Elon Musk was involved there too, tweeting ‘Gametonk!!’ and a link to the /r/wallstreetbets Reddit, fuelling a surge in the GME share price after hours.
Update
Further to the announcement on 19 January 2021, London Stock Exchange Group plc ( LSEG or the Company ) confirms that, subject to completion of its all-share acquisition of Refinitiv (the Transaction ) occurring on 29 January as expected, 179,610,123 consideration shares comprising: (i) 112,254,597 voting ordinary shares with a nominal value of 6
79/
86 pence each; and (ii) 67,355,526 limited-voting ordinary shares with a nominal value of 6
79/
86 pence each (which limited-voting ordinary shares will not be admitted to listing or trading), will be issued to the Refinitiv Sellers to satisfy the consideration due under the terms of the Transaction. LSEG also confirms, as described in the prospectus published on 9 December 2020 (the Prospectus ), that admission of the entire enlarged voting ordinary share capital of LSEG (including the 112,254,597 voting ordinary shares issued to the Refinitiv Sellers), consisting of a total of 463,841,689 voting ordinary shares,