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
4 November 2025
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London Stock Exchange Group plc - Commencement of Share Buyback Programme
London Stock Exchange Group plc (the "Company") announces today that, further to its announcement on 23 October 2025 of the Company's Q3 2025 trading update, the Company will commence a share buyback programme to purchase ordinary shares of 679/86 pence each in the Company (the "Shares") with an aggregate value of up to £1,000,000,000 (the "Buyback Programme").
In connection with the Buyback Programme, the Company has entered into an irrevocable 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 pre-set parameters, under which the Company has instructed Citi to purchase Shares with a value of up to £1,000,000,000. Purchases will commence immediately and will end no later than 25 February 2026. Citi will make trading decisions in relation to the Buyback Programme 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 Equities Trading. 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, with the Shares purchased by the Company being 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 Programme is to reduce the share capital of the Company.
Any purchases under the Buyback Programme 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 1 May 2025 (the "2025 Authority"). The maximum number of Shares that the Company was authorised to purchase under the 2025 Authority was 53,060,997, of which 39,787,711 remain as at the date of this announcement following conclusion of the Company's previous share buyback programmes with Morgan Stanley & Co. International plc, which completed on 13 June 2025, and Goldman Sachs International, which completed on 3 November 2025. 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 Programme as they occur.
- Ends -
Contacts
Investors
Peregrine Riviere / Chris Turner - Investor Relations
Media
Lucie Holloway / Rhiannon Davies - External Communications
+44 (0) 20 7797 1222
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