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The London Metal Exchange Limited is a wholly owned subsidiary of LME Holdings Limited. LME Holdings Limited has two classes of share: Ordinary shares and B shares.
Category 1, 2, 3 and 4 members of the Exchange are required to hold B shares. Category 5 members are not required to hold ordinary or B shares but are permitted to acquire them. Ordinary shares may be transferred only to existing holders of Ordinary shares or existing or prospective Category 1-5 members of the Exchange. All Ordinary share transfers are subject to Board approval.
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.
Matched Bargain Share Dealing
JP Morgan Cazenove operates a matched bargain share dealing service in the shares of LME Holdings Limited.
JP Morgan Cazenove publishes the last 5 bids and last 5 offers that it has received for shares in LME Holdings Limited on the following Bloomberg pages.
- LME O for Ordinary shares
- 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 shares of LME Holdings Limited took place are published by JP Morgan Cazenove on its Bloomberg pages (see screenshots below).
Ordinary Shares
As a result of the speculation surrounding the possible future ownership of the Exchange, JP Morgan Cazenove's matched bargain share dealing service for Ordinary shares (LME O) is currently suspended until further notice. If you would like further information on how to transact in the Ordinary shares of LME Holdings Limited, please contact the Company Secretary on 020 7264 5555 or companysecretary@lme.com.
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.
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LME B
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