LIFFE Shareholders Vote to Support Board’s Strategic Vision
London, Monday 20 November 2000 – Today at an Extraordinary General Meeting (EGM) shareholders of LIFFE voted to support the Board’s plans to work with Cap Gemini Ernst & Young, Battery Ventures and The Blackstone Group to develop the existing exchange business and exploit technology opportunities associated with LIFFE CONNECT™, LIFFE’s electronic trading system. Shareholders approved a placing and open offer of 10 million new ordinary shares at £6 per share which will raise £57 million, net of expenses. LIFFE’s shareholders applied for 2.3 million (68%) of the 3.3 million new ordinary shares available in the open offer.