Director/PDMR Shareholding-Re

RNS Number : 4512W

London Stock Exchange Group PLC

11 June 2008

 



The Director/PDMR Shareholding announcement released today at 10:04 under RNS No 4485W should be disregarded.

The full version appears below

London Stock Exchange GROUP plc (the Company)

11 June 2008

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Acquisition of shares under the terms of the London Stock Exchange 2004 Long Term Incentive Plan

On 10 June 2008 London Stock Exchange Group plc was notified that on that day Doug Webb, purchased 10,660 ordinary shares of 6 79/86 pence each in the Company (Shares). Doug Webb is participating in the London Stock Exchange Long Term Incentive Plan 2004 (the LTIP) whereby an employee purchases Shares in the Company (Invested Shares) and, in return, is granted a matching award of Shares.  

In return for Mr Webb purchasing Invested Shares the Company has granted him a matching award over such number of Shares that equals two times the value of Shares that Mr Webb could have bought had the investment been made on a pre-tax basis (the Matching Award). 

Director/PDMR	Number and percentage of issued class of Invested Shares purchased of which the trustee is the registered holder	Number of Shares conditionally awarded under the Matching Award	Total beneficial holding of Shares and total percentage beneficial holding following notification
Doug Webb	10,660 at £9.1322 per share 0.004%	36,104	10,660 (together with 73,120 unvested Shares held by the trustee) 0.004%  (0.03%)

To be eligible to receive the Matching Award, directors and senior executives must hold their Invested Shares and remain in employment for a period of three years from the date of grant of the Matching Award. The actual number of Shares transferred to a director or senior executive on the vesting of the Matching Award will depend on the extent to which a corporate performance target is satisfied over the three-year vesting period.  

Full details of the LTIP are provided in the report on directors' remuneration in the London Stock Exchange Group plc 2008 Annual Report.

This notification relates to a disclosure made in accordance with Disclosure Rule 3.1.4R(1)(a).

Name of contact and telephone number for queries

Lisa Condron, Company Secretary Tel: [phone]

Name and signature of duly authorised officer of issuer responsible for making notification

Lisa Condron

Date of notification

11 June 2008

 

END

 

 

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