Director/PDMR Shareholding

RNS Number : 5248T

London Stock Exchange Group PLC

29 September 2010

 



London Stock Exchange GROUP plc (the Company)

29 September 2010

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR") OR CONNECTED PERSONS

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

On 28 September 2010 London Stock Exchange Group plc was notified that on 27 September 2010 EES Trustees International Limited, the trustee of the London Stock Exchange Employee Benefit Trust, purchased 17,140 ordinary shares of 6 79/86 pence each in the Company (Shares) on behalf of the directors and PDMRs noted below who are participating in the London Stock Exchange Long Term Incentive Plan (the LTIP) whereby an employee purchases Shares in the Company (Invested Shares) and, in return, are granted a matching award of Shares. 

In return for the director and PDMR purchasing Invested Shares the Company has granted them matching awards over such number of Shares that equals two times the number of Shares that the director and PDMR could have purchased had his or her investment been made on a pre-tax basis (the Matching Award).

The following director and PDMR acquired interests in Shares under the LTIP as follows:

Director/PDMR	Number of Invested Shares purchased	Number of Shares conditionally awarded under the Matching Award
Doug Webb	11,467 at £7.050582 per share (registered in the name of Rachael Webb a connected person)	46,974
Antoine Shagoury	5,673 at £7.050582 per share (registered in the name of Janet Shagoury a connected person)	23,239

On the same date, Denton and Co Trustees Ltd purchased 7,186 Shares on behalf of the PDMR noted below.  In return the PDMR was granted a Matching Award.

Director/PDMR	Number of Invested Shares purchased	Number of Shares conditionally awarded under the Matching Award
Kevin Milne	7,186 at £7.050582 per share	29,437

As announced on 23 September 2010, the following director purchased 23,000 Invested Shares on 22 September 2010 and in return was granted a Matching Award of Shares, on 27 September 2010.

Director/PDMR	Number of Shares conditionally awarded under the Matching Award
Xavier Rolet	92,073

To be eligible to receive the Matching Award, directors and senior executives must continue to 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 two corporate performance conditions are satisfied over the three-year vesting period.  Full details of the LTIP, including a description of the performance conditions, are provided in the report on directors' remuneration in the London Stock Exchange Group plc 2010 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

29 September 2010

 

END

 

 

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