Director/PDMR Shareholding

RNS Number : 0595T

London Stock Exchange Group PLC

30 September 2014

 



30 September 2014

LONDON STOCK EXCHANGE GROUP PLC

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

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

On 30 September 2014 London Stock Exchange Group plc was notified that on 29 September 2014, Computershare Trustees (Jersey) Limited, the trustee of the London Stock Exchange Employee Benefit Trust, purchased 25,985 ordinary shares of 6 79/86 pence each in the Company (Shares) on behalf of the 5 PDMRs noted below who are participating in the London Stock Exchange 2014 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 (the Matching Award). 

In return for the 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 PDMRs could have purchased had his or her investment been made on a pre-tax basis.

PDMR	Number of Invested Shares purchased	Number of Shares conditionally awarded under the Matching Award on 30 September 2014
Suneel Bakhshi	7,651 at £19.05 per share	29,069
Diane Côté	3,825 at £19.05 per share	14,534
Alexander Justham	4,521 at £19.05 per share	17,177
Mark Makepeace	3,937 at £19.05 per share (registered in the name of Rachel Makepeace, a connected person)	14,958
Antoine Shagoury	6,051 at £19.05 per share (registered in the name of Janet Shagoury, a connected person)	22,991

Additionally, on 29 September 2014 London Stock Exchange Group plc was notified that on 29 September 2014 Nikhil Rathi purchased 4,341 Shares. In return for his purchase of Invested Shares the Company has granted him a Matching Award over such number of Shares that equals two times the number of Shares that he could have purchased had his investment been made on a pre-tax basis.

PDMR	Number of Invested Shares purchased	Number of Shares conditionally awarded under the Matching Award on 30 September 2014
Nikhil Rathi	1,571 at £18.99 per share; and 2,770 at £18.98 per share (registered in the name of Jyoti Rathi, a connected person)	16,384

To be eligible to receive the Matching Award, 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 corporate performance targets are satisfied over the three-year vesting period. 

Details of the LTIP are provided in the Directors' Remuneration Report in the London Stock Exchange Group plc Annual Report published in June 2014.

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 September 2014

 

END

 

 

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