Director/PDMR Shareholding

RNS Number : 5430G

London Stock Exchange Group PLC

08 August 2016

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILIES OR CONNECTED PERSONS

Share awards granted on 12 June 2013 in the form of nil-cost options under the LSEG Long Term Incentive Plan 2004 (the "LTIP") vested on 13 June 2016 to the extent the applicable performance conditions had been met, and for the directors detailed below became exercisable on 4 August 2016 in accordance with the LTIP rules.

The Company was notified on 8 August 2016 by each of Xavier Rolet, David Warren and Raffaele Jerusalmi that they had exercised their nil-cost options on 5 August 2016 and a proportion of the resulting shares in the Company was sold to satisfy only the tax/social security liabilities and associated dealing costs that arose on exercise. The balances of shares were transferred to and have been retained by each director.

The notification below, which is made in accordance with the requirements of the Market Abuse Regulation, provides further information on these transactions.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Xavier Rolet (Group Chief Executive Officer) David Warren (Group Chief Financial Officer) Raffaele Jerusalmi (Chief Executive Officer of Borsa Italiana and Director of Capital Markets)
2	Reason for the notification
a)	Position/status	As detailed in 1a) above
b)	Initial/Amendment notification	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	London Stock Exchange Group plc
b)	LEI	213800QAUUUP6I445N30
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 6 79/86 pence each ISN: GB00B0SWJX34
b)	Nature of the transaction	Exercise of nil-cost options over Performance Shares and Matching Shares under the London Stock Exchange Group Long Term Incentive Plan 2004, and the subsequent sale of ordinary shares to satisfy taxes, social security and associated dealing costs arising on exercise.
c)	Price(s) and volume(s)	Director Performance Shares exercised Price Matching Shares exercised Price Xavier Rolet 104,160 Nil n/a n/a Xavier Rolet n/a n/a 52,079 Nil David Warren 55,403 Nil n/a n/a Raffaele Jerusalmi 52,448 Nil n/a n/a Director Ordinary shares sold Price Xavier Rolet 49,480 (in respect of Performance Shares) £27.6833 Xavier Rolet 24,740 (in respect of Matching Shares) £27.6833 David Warren 26,319 £27.6833 Raffaele Jerusalmi 23,717 £27.6833
d)	Aggregated information -      Aggregated volume -      Price	PDMR Performance and Matching Shares exercised Ordinary shares sold Xavier Rolet 156,239 74,220 156,239 at nil-cost 74,220 at £27.6833
e)	Date of the transaction	5th August 2016
f)	Place of the transaction	London Stock Exchange (XLON)

 

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