Director/PDMR Shareholding

RNS Number : 9876F

London Stock Exchange Group PLC

22 June 2012

 



London Stock Exchange GROUP plc (the Company)

22 June 2012

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 21 June 2012 London Stock Exchange Group plc was notified that on 20 and 21 June 2012, EES Trustees International Limited, the trustee of the London Stock Exchange Employee Benefit Trust, purchased 24,909 ordinary shares of 6 79/86 pence each in the Company (Shares) on behalf of the 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 PDMRs 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 PDMRs could have purchased had his or her investment been made on a pre-tax basis (the Matching Award).

The following PDMRs acquired interests in Shares under the LTIP as follows:

PDMR	Number of Invested Shares purchased	Number of Shares conditionally awarded under the Matching Award on 21 June 2012
Alexander Justham	7,185 at £10.02 per share	29,821
David Lester	8,862 at £10.02 per share	36,779
Antoine Shagoury	8,862 at £10.02 per share  (registered in the name of Janet Shagoury, a connected person)	36,779

As announced on 14 June 2012, the following director purchased 16,600 Invested Shares on 12 & 13 June 2012 and in return was granted a Matching Award.

Director/PDMR	Number of Shares conditionally awarded under the Matching Award on 21 June 2012
Xavier Rolet	67,097

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 2012 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

22 June 2012

 

END

 

 

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