Commencement of Share Buyback Programme
Summary by AI BETAClose X
London Stock Exchange Group plc
FOR IMMEDIATE RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
2 November 2026
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London Stock Exchange Group plc – Commencement of Share Buyback
London Stock Exchange Group plc (the “Company”) announces that the Company will commence a share buyback to purchase ordinary shares of 679/86 pence each in the Company (“Shares”) with an aggregate value of up to £650,000,000 (the “Buyback”). Once completed, this will conclude the planned £3 billion share buyback programme first announced with the Company’s 2025 Preliminary Results in February 2026.
In connection with the Buyback, the Company has entered into an agreement with Citigroup Global Markets Limited (“Citi”) in relation to the purchase of Shares by Citi, acting as riskless principal and in accordance with certain set parameters (as updated from time to time in accordance with the terms of the agreement), under which the Company has instructed Citi to purchase Shares with a value of up to £650,000,000. Purchases will commence immediately and will end no later than 24 February 2027. Subject to the terms of the agreement, Citi will make trading decisions in relation to the Buyback independently of, and uninfluenced by, the Company. Any purchase of Shares by Citi contemplated by this announcement will be carried out on the London Stock Exchange and/or on Turquoise. Shares purchased by Citi will be on-sold by Citi to the Company, and any purchases of Shares by the Company from Citi will be carried out on the London Stock Exchange and/or on Turquoise, with the Shares purchased by the Company to be cancelled upon settlement. The arrangements between the Company and Citi are subject to customary termination rights in favour of the Company and Citi. The purpose of the Buyback is to reduce the share capital of the Company.
Any purchases under the Buyback shall take place in accordance with (and subject to the limits prescribed by) the Company’s general authority to repurchase Shares granted by its shareholders at the annual general meeting on 23 April 2026 (the “2026 Authority”) and any further authority to repurchase Shares as may be granted by its shareholders from time to time under Chapter 9 of the UK Listing Rules. The maximum number of Shares that the Company is authorised to purchase under the 2026 Authority is 34,514,094. Purchases of Shares by Citi shall take place in accordance with the Market Abuse Regulation (EU) No 596/2014 (including the delegated and implementing acts adopted under it) and the Commission Delegated Regulation (EU) No 2016/1052 with regard to regulatory technical standards for the conditions applicable to buyback programmes and stabilisation measures (in each case as they form part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter). The Company will make further regulatory announcements to shareholders in respect of purchases of Shares under the Buyback by no later than the end of the 7th daily market session following the date of such purchase.
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For further information, please contact:
London Stock Exchange Group plc
Investors
Peregrine Riviere / Chris Turner – Investor Relations
ir@lseg.com
Media
Lucie Holloway / Rhiannon Davies – External Communications
+44 (0) 20 7797 1222
newsroom@lseg.com
www.lseg.com
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