Director/PDMR Shareholding

RNS Number : 2206K

London Stock Exchange Group PLC

12 July 2011

 



London Stock Exchange GROUP plc (the Company)

12 July 2011

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 11 July 2011 London Stock Exchange Group plc was notified that on 7 and 8 July 2011 EES Trustees International Limited, the trustee of the London Stock Exchange Employee Benefit Trust, purchased 15,188 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 on 8 July 2011
Doug Webb	7,371 at £10.744726 per share (registered in the name of Rachel Webb a connected person)	30,985
David Lester	7,817 at £10.744726 per share	32,860

On the same date, Denton and Co Trustees Ltd purchased 1,675 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 on 8 July 2011
Kevin Milne	1,675 at £10.744726 per share	7,041

As announced on 8 July 2011, the following director purchased 15,000 Invested Shares on 7 July 2011 and in return was granted a Matching Award.

Director/PDMR	Number of Shares conditionally awarded under the Matching Award on 8 July 2011
Xavier Rolet	63,380

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 2011 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

12 July 2011

 

END

 

 

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