Sept 11 (Reuters) - Hong Kong Exchanges And Clearing Ltd:
* STATEMENT RE POSSIBLE OFFER
* ANNOUNCES THAT IT HAS MADE A PROPOSAL TO BOARD OF LONDON STOCK EXCHANGE GROUP TO COMBINE TWO COMPANIES
* SAYS UNDER PROPOSED TRANSACTION, LSEG SHAREHOLDERS WOULD RECEIVE PER LSEG SHARE: 2,045 PENCE IN CASH, 2.495 NEWLY ISSUED HKEX SHARES
* TERMS OF PROPOSED DEAL WOULD IMPLY VALUE FOR LSE OF ABOUT £29.6 BILLION, IMPLYING ENTERPRISE VALUE OF £31.6 BILLION
* INTENDS TO APPLY FOR SECONDARY LISTING OF HKEX SHARES ON LONDON STOCK EXCHANGE AFTER PROPOSED DEAL CLOSES
* PROPOSED TRANSACTION WOULD BE FINANCED THROUGH A COMBINATION OF EXISTING HKEX CASH RESOURCES AND NEW CREDIT FACILITIES
* SAYS TO CONTINUE DIVIDEND POLICY OF PAYING DIVIDENDS WITH NORMAL TARGET PAY-OUT RATIO OF 90% OF PROFITS OF COMBINED GROUP
* PROPOSED TRANSACTION IMPLIES A VALUE FOR EACH LSEG SHARE OF C. 8,361 PENCE
* IT IS EXPECTED THAT KEY LSEG MANAGEMENT WOULD CONTINUE TO OPERATE LSEG BUSINESSES FOLLOWING PROPOSED DEAL
* HKEX HAS BEGUN CONVERSATIONS WITH CERTAIN REGULATORS IN THE UK AND HONG KONG
* IT IS EXPECTED THAT KEY LSEG MANAGEMENT WOULD PARTICIPATE IN HKEX GROUP MANAGEMENT FOLLOWING PROPOSED DEAL
* SAYS STATEMENT REGARDING POSSIBLE OFFER FOR LSE IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER