03.01.2017
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DGAP-Adhoc: Deutsche Börse AG: RECOMMENDED ALL-SHARE MERGER BETWEEN DEUTSCHE BÖRSE AG AND LONDON STOCK EXCHANGE GROUP PLC - Option to sell LCH.Clearnet SA to Euronext N.V.
DGAP-Ad-hoc: Deutsche Börse AG / Key word(s): Mergers & Acquisitions
Deutsche Börse AG: RECOMMENDED ALL-SHARE MERGER BETWEEN DEUTSCHE BÖRSE AG
AND LONDON STOCK EXCHANGE GROUP PLC - Option to sell LCH.Clearnet SA to
Euronext N.V.
03-Jan-2017 / 08:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO
OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
RECOMMENDED ALL-SHARE MERGER BETWEEN DEUTSCHE BÖRSE AG AND LONDON STOCK
EXCHANGE GROUP PLC - Option to sell LCH.Clearnet SA to Euronext N.V.
Further to the announcement by Deutsche Börse AG ("DBAG") of 28 September
2016 that the London Stock Exchange Group plc ("LSEG") and LCH.Clearnet
Group Limited ("LCH Group") are exploring the sale of LCH.Clearnet SA in
order to address proactively antitrust concerns raised by the European
Commission in relation to certain businesses and to the subsequent
notification that LSEG and LCH Group have entered into exclusive
discussions with Euronext N.V. ("Euronext") in this regard, LSEG and LCH
Group confirmed today that they have received an irrevocable all-cash offer
from Euronext to purchase LCH.Clearnet SA ("Put Option").
LSEG and LCH Group also confirmed that the terms and conditions on which
any transaction would take place if the Put Option were exercised,
including the all-cash consideration of EUR510 million (subject to
customary adjustments), have been agreed with Euronext.
A sale of LCH.Clearnet SA would be subject to review and approval by the
European Commission in connection with the recommended merger of DBAG and
LSEG (the "Merger"), the completion of LCH.Clearnet SA's works council
consultation process, the approval by the shareholders meeting of Euronext
and other customary conditions including relevant regulatory approvals. It
would also be conditional on the successful closing of the Merger.
DISCLAIMER
This announcement is neither an offer to purchase, exchange or sell nor a
solicitation of an offer to purchase, exchange or sell shares. The terms
and further provisions regarding the exchange offer by HLDCO123 PLC to the
shareholders of Deutsche Börse AG were - to the extent not amended - set
forth in the offer document that has been approved by the German Federal
Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht).
The HLDCO123 PLC shares have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, or with any securities regulatory
authority of any state or any other jurisdiction of the USA. Therefore,
subject to certain exceptions, HLDCO123 PLC shares may not be offered or
sold within the USA or in any other jurisdiction, where to do so would be a
violation of applicable law. There is no public offering of HLDCO123 PLC
shares in the USA. If HLDCO123 PLC shares may in HLDCO123 PLC's opinion not
be offered or delivered to a U.S. shareholder according to the U.S.
Securities Act of 1933, such U.S. shareholder that validly accepts the
exchange offer will receive, in lieu of HLDCO123 PLC shares to which it
would otherwise be entitled the net cash proceeds of the sale of such
HLDCO123 PLC shares.
To the extent permissible under applicable law or regulation, and in
accordance with German market practice, HLDCO123 PLC or its brokers may
purchase, or conclude agreements to purchase, Deutsche Börse AG shares,
directly or indirectly, outside of the scope of the exchange offer. This
applies to other securities that are directly convertible into,
exchangeable for, or exercisable for Deutsche Börse AG shares. These
purchases may be completed via the stock exchange at market prices or
outside the stock exchange at negotiated conditions. Any information on
such purchases will be disclosed as required by law or regulation in
Germany or any other relevant jurisdiction.
This announcement contains statements which are, or may be deemed to be,
"forward-looking statements". Forward-looking statements are prospective in
nature and are not based on historical facts, but rather on current
expectations and projections of the management of Deutsche Börse and LSEG
about future events, and are therefore subject to risks and uncertainties
which could cause actual results to differ materially from the future
results expressed or implied by the forward-looking statements. Often, but
not always, forward-looking statements can be identified by the use of
forward-looking words such as "plans", "expects" or "does not expect", "is
expected", "is subject to", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. Although Deutsche Börse
and LSEG believe that the expectations reflected in such forward-looking
statements are reasonable, Deutsche Börse and LSEG can give no assurance
that such expectations will prove to be correct. By their nature,
forward-looking statements involve risk and uncertainty because they relate
to events and depend on circumstances that will occur in the future. There
are a number of factors that could cause actual results and developments to
differ materially from those expressed or implied by such forward-looking
statements.
Contact:
Kai Fischer
Group Communications
Deutsche Börse AG
Telefon: +49 69 2 11-1 86 73
Grit Beecken
Group Communications
Deutsche Börse AG
Phone: +352 2 43 3 23 75
E-mail: [email protected]
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03-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Deutsche Börse AG
-
60485 Frankfurt / Main
Germany
Phone: +49 (0)69 211 - 0
E-mail: [email protected]
Internet: www.deutsche-boerse.com
ISIN: DE0005810055, DE000A2AA253, DE000A1RE1W1, DE000A1R1BC6,
DE000A161W62, DE000A1684V3
WKN: 581005, A2AA25, A1RE1W, A1R1BC, A161W6, A1684V
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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533025 03-Jan-2017 CET/CEST
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