This website uses cookies. Please refer to our cookies policy for further information. By continuing to use this website, you are consenting to the use of these cookies.

Close

Skip navigation

Membership On-boarding Process

 Download the LME Membership On-boarding Process flowchart


Requirement to hold B Shares in LME Holdings Limited

Applicants are required to comply with a number of financial and regulatory criteria and, in addition, a minimum holding of B shares in LME Holdings Limited is required.

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


Process for Acquiring B Shares in LME Holdings Limited

Applicants must source the minimum amount of B Shares in order to satisfy the membership requirements from existing B Shareholders. LME Holdings Limited is unable to assist buyers or sellers with arrangements for any sale / purchase of B Shares.

A list of the current B Shareholders is available.

In the event that an applicant cannot acquire B Shares, LME Holdings Limited in accordance with the B Share Scheme can issue the requisite amount of B Shares to an applicant in order to satisfy this membership requirement. Further information can be obtained by contacting the Client Advisory and Membership Services team.

The B Share sub committee met on 23 June 2014 and after taking into account all relevant factors, it resolved to set the price at which LME Holdings Limited will issue B Shares (if required) to £72 per B Share. This price will be in respect of issues of B Shares made between 24 June 2014 and 19 September 2014. For issues after this date, the B Share sub committee will determine whether to maintain this price or change it.


Please note that to view LME market data or to trade on the LME yo u do not need to become a member of the Exchange.