London Metal Exchange: Appointment Of A Sub-Committee To Design And Execute A Mechanism For Allotment Of B Shares

In order to further facilitate admission of new members to the Exchange, LME Holdings Limited has today appointed a sub-committee of the Board whose task is to design and execute a mechanism for the allotment of up to 200,000 B Shares in the Company. The sub-committee will be advised by NM Rothschild & Sons Ltd.

The composition of this sub-committee is:

The Chairman – Donald Brydon
Chief Executive – Martin Abbott
Independent Directors – The Lord Fraser of Carmyllie QC and Michael McTighe.

It is anticipated that the design and execution of this mechanism will take a period of approximately four months. It is also the intention to ensure that the sub-committee will recommend the steps necessary to ensure that the mechanism is available for further allotments in the future.