Changes in trading technology have forced the Stock Exchange's hand
The London Stock Exchange has set a timetable for its planned move to become a public company.
An extraordinary general meeting has been called for 15 March, when the 296 shareholders with voting rights will be asked to approve the proposals.
If the plans get 75% support, dealing in shares will begin in May. The LSE will then consider whether to float and offer shares to the public.
The change, which was announced last year, will end more than 200 years of mutuality. The Stock Exchange believes this is the best way to ensure its survival in an increasingly competitive market.
It no longer enjoys an effective monopoly - there are many other options for UK companies wishing to float and raise capital, including the US electronic market, Nasdaq, and its European counterpart, Easdaq.
It is not clear how much the exchange will be valued at - estimates vary between £200m - £500m. Last year it made a profit of £17.5m, down from previous figures, but still a turnaround from 1995, when it lost £16m.
The London Stock Exchange has set a timetable for its planned move to become a public company.
An extraordinary general meeting has been called for 15 March, when the 296 shareholders with voting rights will be asked to approve the proposals.
If the plans get 75% support, dealing in shares will begin in May. The LSE will then consider whether to float and offer shares to the public.
The change, which was announced last year, will end more than 200 years of mutuality. The Stock Exchange believes this is the best way to ensure its survival in an increasingly competitive market.
It no longer enjoys an effective monopoly - there are many other options for UK companies wishing to float and raise capital, including the US electronic market, Nasdaq, and its European counterpart, Easdaq.
It is not clear how much the exchange will be valued at - estimates vary between £200m - £500m. Last year it made a profit of £17.5m, down from previous figures, but still a turnaround from 1995, when it lost £16m.
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