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Thomson Reuters, Refinitiv managers to sell 10.5 million LSE voting shares

Thursday 18 March 2021

Thomson Reuters and members of Refinitiv's management plan to indirectly sell about 10.5 million voting shares in London Stock Exchange Group, joint bookrunner J.P. Morgan Securities said in a statement on Thursday.

The sale, which comes weeks after LSE completed its $27 billion purchase of Refinitiv, represents around a 1.9 per cent economic stake and 2.1 per cent voting interest in the London exchange, J.P. Morgan said.

 

LSE will not get any proceeds from the sale, it said.

 

The sale is in line with a lock-up agreement that permitted Thomson Reuters and Refinitiv management to sell some LSE shares to settle tax liabilities, the bookrunner said.

 

Thomson Reuters, owner of Reuters News, holds an LSE stake of around 15 per cent. ■

SOURCE
WTVBAM