Markit Prices Secondary Offering of Common Shares

LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)-- Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced the pricing of its secondary public offering of 25,746,604 common shares at $25.75 per share. This represents a 1,160,581 share increase over the previously announced offering size. In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to 1,754,667 additional common shares. The company itself is not selling any shares and will not receive any proceeds from the offering. The offering is expected to close on or about June 10 2015, subject to customary closing conditions.

BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., HSBC, J.P. Morgan, Morgan Stanley, RBC Capital Markets, UBS Investment Bank, BNP PARIBAS, Jefferies, RBS and TD Securities are acting as joint book-running managers for the offering.

As part of the offering, Markit intends to purchase from the underwriters 14,048,820 common shares at the price to be paid to the selling shareholders by the underwriters, which is approximately $24.91 per common share. Markit intends to fund the repurchase through a combination of cash and a drawdown of its revolving credit facility.

The registration statement, including a preliminary prospectus, relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

The offering of these securities is being made only by means of a prospectus. The final prospectus relating to the offering will be filed with the SEC and available on its website, http://www.sec.gov. Copies of the final prospectus relating to the offering may also be obtained, when available, from:

— BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department, or by e-mailing: [email protected]

— Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: +1 (888) 603-5847 or by e-mailing: [email protected]

— Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: +1 (800) 831-9146

— Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, telephone: +1 (800) 221-1037, or by emailing: [email protected]

— Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, telephone: +1 (800) 503-4611, or by emailing: [email protected]

— Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: +1 (866) 471-2526, facsimile: +1 (212) 902-9316, or by emailing: [email protected]

— HSBC Securities (USA) Inc., Attention: Prospectus Department, 452 Fifth Avenue, New York, NY 10018, telephone: +1 (877) 429-7459, or by emailing: [email protected]

— J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, telephone: +1 (866) 803-9204

— Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department

— RBC Capital Markets, LLC, Attn: Equity Syndicate, Three World Financial Center, 200 Vesey St., 8th Floor, New York, NY 10281-8098, Phone: +1 (877) 822-4089, Email: [email protected]

— UBS Investment Bank, 1285 Avenue of the Americas, New York, NY 10019, Attention: Prospectus Department, telephone: +1 (877) 827-7275

Notes to Editors

About Markit

Markit is a leading global diversified provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 3,500 people in 10 countries. Markit shares are listed on Nasdaq under the symbol MRKT.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Markit expects, believes or anticipates will or may occur in the future are forward-looking statements. Markit’s estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Markit believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Markit. When used in this press release, the words “anticipate,” “believe,” “could,” “intend,” “expect,” “estimate,” “should,” “plan,” “will,” “potential,” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Markit, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Markit’s filings with the SEC, including its annual report on Form 20-F. Markit undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150604006535/en/

Media enquiries, please contact:
Teresa Chick
Markit
Managing Director, Corporate Communications
Telephone: +44 (0)20 7260 2094
Email: [email protected]
or
Ed Canaday
Markit
Director, Corporate Communications
Telephone: +1 646 679 3031
Email: [email protected]
or
Investor enquiries, please contact:
Matthew Kolby
Markit
Managing Director, Investor Relations
Telephone: +1 646 679 3140
Email: [email protected]

Source: Markit

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