On Thursday, the London Stock Exchange Group (LSEG.L) restated its core financial aims for the year ahead of its annual meeting to approve a previously announced purchase of shares from the Blackstone/Thomson Reuters partnership.
In January 2021, LSEG purchased Refinitiv from the consortium for $27 billion. As a result, market data now dwarfs the group’s 300-year-old exchange activity.
“As we continue our shift from integration to transformation, we are confident of making further progress through the rest of the year,” LSEG CEO David Schwimmer said in a first-quarter trading report.
LSEG completed the second 250 million pound tranche of its on-market 750 million pound repurchase program in March, with the last tranche scheduled in July.
Thursday’s London exchange group meeting is yearly.
“In addition, at today’s AGM, we are seeking shareholder approval for a directed buyback from the Blackstone/Thomson Reuters consortium, expected to be up to 750 million pounds by April 2024,” LSEG added.
LSEG pays Thomson Reuters for news.
