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Share structure

LME Holdings Limited Share Information 

The London Metal Exchange is a wholly owned subsidiary of LME Holdings Limited. LME Holdings Limited has two classes of share: Ordinary shares and B shares.

Category 1 and 2 members of the Exchange are required to hold a minimum of 25,000 B shares. Each Category 3 member is required to hold a minimum of 5,000 B shares and each Category 4 member is required to hold a minimum of 2,500 B shares. Category 5 members are not required to hold B shares.

Learn more about how to become a member of the LME.

Under its Articles of Association, B shares in LME Holdings Limited are freely transferable to any person, not just actual or proposed category 1, 2, 3 or 4 members, however B share transfers are subject to Board approval. It would be expected that transfers of B Shares would take place between prospective and/or existing members.

A list of the current B Shareholders is available.

Matched Bargain Share Dealing in B Shares

JP Morgan Cazenove operates a matched bargain share dealing service in the B shares of LME Holdings Limited.

JP Morgan Cazenove publishes the last 5 bids and last 5 offers that it has received for B shares in LME Holdings Limited on the following Bloomberg page.

  • LME B for B shares

However, JP Morgan Cazenove may not always have a current bid or a current offer.

Information on the prices at which previous transactions in the B shares of LME Holdings Limited took place are published by JP Morgan Cazenove on its Bloomberg pages (see screenshots below).

Transacting in LME B Shares

JP Morgan Cazenove's matched bargain share dealing service for B shares (LME B) is available for existing or prospective B Shareholders to use. To contact JP Morgan Cazenove, telephone either Mark Vanderpump or Russell Schluep on 020 7588 2828; or fax them on 020 7155 9220.

If you would like further information on how to transact in the B shares of LME Holdings Limited, please contact the Company Secretary on 020 7264 5555 or companysecretary@lme.com.

 

 B Shares page