Hong Kong Exchanges and Clearing Ld - Statement regarding London Stock Exchange Group
Statement regarding London Stock Exchange Group plc
Further to the announcements made by Hong Kong Exchanges and Clearing Limited ("HKEX") and London Stock Exchange Group plc ("LSEG") in relation to HKEX's possible offer for the entire issued and to be issued share capital of LSEG, HKEX confirms that it does not intend to make an offer for LSEG and is consequently bound by the restrictions under Rule 2.8 of the Code, save in the circumstances set out below.
The Board of HKEX continues to believe that a combination of LSEG and HKEX is strategically compelling and would create a world-leading market infrastructure group. Despite engagement with a broad set of regulators and extensive shareholder engagement, the Board of HKEX is disappointed that it has been unable to engage with the management of LSEG in realising this vision, and as a consequence has decided it is not in the best interests of HKEX shareholders to pursue this proposal.