London Metal Exchange shareholders could vote later this year on a bid from one of CME Group Inc. (CME), IntercontinentalExchange Inc. (ICE), Hong Kong Exchanges and Clearing Ltd. (0388.HK), and NYSE Liffe, the London-headquartered derivatives arm of NYSE Euronext (NYX).

If all of the category one and two members of the LME that hold ordinary shares in the exchange vote in favor of a deal, it would go ahead with a 78% majority. A 75% majority of shares, plus votes from 50% of members, is required for the deal to be successful.

Of the LME's 92 members, the following 34 entities hold ordinary shares and are category one and two members, or have a parent that is a category one or two member.

Several companies in the same membership category only hold B shares in the exchange, which entitle them to trade but not to vote. They are not listed below.

 
   Cat 1 or 2 Member   Stake in LME 
 
   JP Morgan*          10.8% 
   Goldman Sachs       9.53% 
   Metdist**           9.39% 
   UBS                 4.26% 
   Sucden              2.80% 
   Newedge             2.79% 
   Commerzbank         2.55% 
   Mitsui***           2.41% 
   AMT                 2.32% 
   Barclays            2.32% 
   BGC Brokers         2.32% 
   BNP Paribas         2.32% 
   Citigroup           2.32% 
   Credit Agricole     2.32% 
   Deutsche            2.32% 
   Koch Metals         2.32% 
   Macquarie           2.32% 
   Marex               2.32% 
   Merrill Lynch       2.32% 
   Morgan Stanley      2.32% 
   SocGen              2.32% 
   Toyota              2.32% 
   Triland             2.32% 
   ABN Amro            2.13% 
   RBC Capital         2.03% 
   Credit Suisse       1.93% 
   HSBC                1.93% 
   Jeffries Bache      1.93% 
   Natixis             1.93% 
   Standard Bank       1.93% 
   ADM                 1.41% 
   INTL FC Stone       0.39% 
   Scotiabank          0.23% 
   Fortis              0.19% 
 

*Includes JPMorgan Metals Ltd, JPMorgan Markets Ltd and JPMorgan Securities Ltd.

**Includes Metdist Ltd and Metdist Trading Ltd.

***Includes Mitsui Bussan Commodities and Mitsui & Co Europe PLC.

By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413; andrea.hotter@dowjones.com

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