Director/PDMR Shareholding

RNS Number : 8981J

London Stock Exchange Group PLC

10 April 2015

 



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 2014 (the '2014 LTIP')

On 10 April 2015 London Stock Exchange Group plc ('the Company') was notified that on 9 April 2015, Computershare Trustees (Jersey) Limited, the trustee of the London Stock Exchange Employee Benefit Trust, purchased 18,548 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 2014 LTIP whereby an employee purchases Shares in the Company ('Invested Shares') and, in return, are granted a matching award of Shares (the 'Matching Award').  The venue of execution for the purchase of the Shares was London Stock Exchange.

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 10 April 2015
Suneel Bakhshi	5,652 at £25.784 per share (registered in the name of Kamal Bakhshi, a connected person)	21,309
Diane Côté	3,083 at £25.784 per share	11,623
Serge Harry	2,259 at £25.784 per share	9,812
Alexander Justham	3,443 at £25.784 per share (registered in the name of Raquel Bello, a connected person)	12,979
Mark Makepeace	4,111 at £25.784 per share (registered in the name of Rachel Makepeace, a connected person)	15,497

As announced on 9 April 2015, the following PDMR purchased 3,230 Shares on 8 April 2015 and in return was granted a Matching Award.

PDMR	Number of Shares conditionally awarded under the Matching Award on 10 April 2015
Nikhil Rathi	12,010

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 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. 

Full details of the 2014 LTIP are provided in the Directors' Remuneration Report in the London Stock Exchange Group plc Annual Report for the 9 months to 31 December 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

10 April 2015

 

END

 

 

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