INTERNATIONAL: MIH Announces Offer to Acquire TISE

Thursday March 20 2025

On 19^th March 2025, Miami International Holdings, Inc. (MIH) and The International Stock Exchange Group Limited (TISE) announced that they have reached agreement on the terms of a recommended cash offer to be made by MIH, via MIH’s wholly-owned subsidiary, MIH East Holdings, Limited (MIH East Holdings), to acquire the entire issued and to be issued ordinary share capital of TISE not already owned by MIH East Holdings (the Acquisition).

The cash consideration for the Acquisition, of £22.50 per TISE ordinary share, values the entire issued and to be issued ordinary share capital of TISE at approximately £70.4 million ($91.5 million), representing approximately £66.4 million ($86.4 million), net of proceeds received from the expected exercise of options subsisting under the TISE Share Plans. MIH East Holdings currently owns 29.46% of the issued ordinary share capital in TISE.

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