On 11 October 2012, London Stock Exchange welcomed Direct Line Insurance Group plc to open its UK markets, marking the start of conditional dealings in its shares ahead of its admission on 16 October. The Group's shares were priced at 175p each, valuing the company at £2.6 billion. The offering raised £787 million, making this the largest UK company fundraising on London's markets this year.
To mark the occasion Paul Geddes, CEO at Direct Line Group joined Xavier Rolet, CEO at London Stock Exchange Group, to open trading in London this morning.
On 17 October, London Stock Exchange Group announced two senior management appointments.David Lester, previously Group Director of Information Services, became Group Director of Corporate Strategy. David will lead the development and implementation of core strategic and corporate growth initiatives across the company.
Following LSEG's December 2011 acquisition of FTSE, the high growth global index business, Mark Makepeace becomes Group Director of Information Services, incorporating both FTSE and the Group's information services businesses.
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