Director/PDMR Shareholding

RNS Number : 5889V

London Stock Exchange Group PLC

30 May 2008

 



London Stock Exchange GROUP plc (the Company)

30 MAY 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 30 May 2008 London Stock Exchange Group plc was notified that on 29 May Clara Furse purchased 17,449 ordinary shares of 6 79/86 pence each in the Company (Shares).  Clara Furse is participating in the London Stock Exchange Long Term Incentive Plan 2004 (the LTIP) whereby an employee undertakes to use a percentage of their bonus to purchase Shares in the Company (Investment Shares) and, in return, is granted a matching award of Shares.  

In return for Clara Furse purchasing Investment Shares the Company has granted her matching awards over such number of Shares that equals two times the number of Shares that Clara Furse could have bought had the investment of her bonus been made on a pre-tax basis (the Matching Award). 

Director/PDMR	Number and percentage of issued class of Investment 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
Clara Furse	17,449 shares at a price of £10.2560 per share 0.006%	52,939	442,614 0.16%

To be eligible to receive the Matching Award, directors and senior executives must hold their Investment 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 2007 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

30 May 2008

 

END

 

 

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