Director dealings: Thomson Reuters, Blackstone's £2.7bn LSE sale filed

London Stock Exchange Group was well and truly at the top of the list of director sells on Monday, as it disclosed the details of the £2.7bn sales made by Blackstone and Thomson Reuters last week.

The exchange operator said BCP York Holdings Delaware offloaded 15,233,815 shares at 8,050p each in a single transaction on 19 May, giving the transaction a value of £1,226,322.50.

York Holdings II, meanwhile, sold 11,674,619 shares for 8,050p apiece in a single transaction on 19 May, valuing that sale at £939,806,829.50.

Finally, York Holdings III disposed of 6,091,566 shares for the same price of 8,050p, in a single transaction also on 19 May, giving the third sale a value of £490,371,063.00.

Both York Holdings II and York Holdings III are indirectly owned by BCP York Holdings, which itself is linked to Blackstone and Thomson Reuters as part of the pair’s previous ownership of Refinitiv.

Thomson Reuters sold a majority stake in Refinitiv to a consortium led by Blackstone in October 2018, with the pair agreeing to sell the business to LSE Group in an all-share transaction in 2019.

When that sale closed in January 2021, Thomson Reuters indirectly owned 82.5 million shares in LSE Group, with both it and Blackstone agreeing to a lock-up of the LSE shares.

All of the shares were locked up until 29 January this year, with the duo able to sell one-third of their stakes in each of the two years after that.

The lock-up arrangement will end entirely on 29 January 2025.

At 1335 BST, shares in London Stock Exchange Group were down 0.14% at 8,422p.

Reporting by Josh White for Sharecast.com.

DIRECTOR SELLS

Company: London Stock Exchange Group
Name: BCP York Holdings Delaware
Volume: 15,233,815
Price: 8,050p
Value: £1,226,322,107.50

Company: London Stock Exchange Group
Name: York Holdings II
Volume: 11,674,619
Price: 8,050p
Value: £939,806,829.50

Company: London Stock Exchange Group
Name: York Holdings III
Volume: 6,091,566
Price: 8,050p
Value: £490,371,063.00

Company: London Stock Exchange Group
Name: York Holdings II
Volume: 8,623
Price: 8,389.53p
Value: £723,429.17

DIRECTOR BUYS

Company: Ninety One
Name: Forty Two Point Two
Volume: 75,778
Price: 161.03p
Value: £122,022.89

Company: VinaCapital Vietnam Opportunity Fund
Name: Asia Investment and Finance
Volume: 20,000
Price: 428.38p
Value: £85,675.10

Company: Ninety One
Name: Forty Two Point Two
Volume: 50,202
Price: 160.37p
Value: £80,510.55

Company: Ninety One
Name: Forty Two Point Two
Volume: 30,258
Price: 162.4p
Value: £49,138.99

Company: Experian
Name: Mike Rogers
Volume: 1,500
Price: 2,818p
Value: £42,270.00

Company: RIT Capital Partners
Name: Jutta af Rosenborg
Volume: 2,031
Price: 1,942p
Value: £39,442.02

Company: Games Workshop Group
Name: Kevin Rountree
Volume: 149
Price: 9,767p
Value: £14,552.83

Company: Primary Health Properties
Name: Harry Hyman
Volume: 2,807
Price: 105.6p
Value: £2,964.19

Company: JD Wetherspoon
Name: Michael Barron
Volume: 20
PriceL 751p
Value: £150.20

Company: JD Wetherspoon
Name: Paul Brimmer
Volume: 20
Price: 751p
Value: £150.20

Company: JD Wetherspoon
Name: David Capstick
Volume: 20
Price: 751p
Value: £150.20

Company: JD Wetherspoon
Name: Nigel Connor
Volume: 20
Price: 751p
Value: £150.20

Company: JD Wetherspoon
Name: Martin Geoghegan
Volume: 20
Price: 751p
Value: £150.20

Company: JD Wetherspoon
Name: John Hutson
Volume: 20
Price: 751p
Value: £150.20

Company: JD Wetherspoon
Name: Ben Whitley
Volume: 20
Price: 751p
Value: £150.20

Company: JD Wetherspoon
Name: Debbie Whittingham
Volume: 20
Price: 751p
Value: £150.20

Company: Pennon Group
Name: Susan Jane Davy
Volume: 18
Price: 823.98p
Value: £148.32

Company: Pennon Group
Name: Paul Michael Boote
Volume: 18
Price: 823.98p
Value: £148.32

Company: JD Wetherspoon
Name: Hannah Young
Volume: 14
Price: 751p
Value: £105.14

Company: JD Wetherspoon
Name: Tom Ball
Volume: 13
Price: 751p
Value: £97.63

Company: JD Wetherspoon
Name: Will Fotheringham
Volume: 13
Price: 751p
Value: £97.63