Capital Reduction

Summary by AI BETAClose X

London Stock Exchange Group PLC announced that its capital reduction, approved by shareholders on April 23, 2026, has become effective after receiving High Court approval on June 2, 2026, and subsequent registration. This capital reduction was achieved by converting part of the merger relief reserve into share capital through the issuance and cancellation of a £10,347 million B ordinary share, and by cancelling the full £977,839,016.67 standing to the credit of the company's share premium account. The company states there is no change in the number or nominal value of its ordinary shares in issue, with the primary purpose being to increase distributable reserves for future dividends and share buybacks.

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