LONDON (dpa-AFX) - London Stock Exchange Group plc (LSE.L) reported that Paolo Scaroni is stepping down from the Board with effect from July 16, and accordingly Resolution 13 in the Notice of Annual General meeting which deals with his proposed re-election as a director would be of no effect and will be withdrawn. The Board also announced that Robert Webb has agreed to replace Paolo as senior independent non-executive director. The Board has asked Robert Webb to chair the Nominations Committee, and said it is intended that the search and appropriate transition will be completed by the end of December 2015.
Scaroni has been an Independent Non-Executive Director of LSEG since the merger with Borsa Italiana in October 2007 and has held the position of Non-Executive Deputy Chairman and Senior Independent Director since September 2010.
In the AGM statement, the Group also reported that it has proposed a four and a half per cent increase in the final dividend, up to 20.7 pence per share, resulting in a full year dividend of 30.8 pence per share, a rise of nearly four and a half per cent in total. The final dividend will be paid on 19th August to shareholders on the register as at 25 July.
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