Director/PDMR Shareholding

RNS Number : 4065O

London Stock Exchange Group PLC

05 March 2009

 



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

Acquisition and sale to meet PAYE liabilities of shares under the terms of the London Stock Exchange 2005 Long Term Incentive Plan ('the Plan')

On 5 March 2009 London Stock Exchange Group plc was notified that on 2 March 2009 certain of its senior executives received ordinary shares of 6 79/86 pence in London Stock Exchange Group plc ('Shares') following the vesting of awards made under the Plan and that some of those Shares had been sold on 2 March 2009 to meet PAYE and National Insurance liabilities and dealing costs. The awards were made on 28 February 2006 and vested in full on 28 February 2009 in accordance with the Plan rules and the specific performance condition required for vesting. 

In respect of Clara Furse (being a director), David Lester, Martin Graham and John Wallace (being persons discharging managerial responsibilities), Halifax EES Trustees International Limited, the trustee of the London Stock Exchange Employee Benefit Trust, released 106,549 Shares to satisfy the vesting of their awards. The individual awards, numbers of Shares sold to meet PAYE and National Insurance liabilities and dealing costs, the resulting Shares transferred to the individuals and the resulting total beneficial holdings are shown in the following table:

Director/PDMR	Number of shares vested and percentage of share capital	Number of Shares sold to meet PAYE, National Insurance and dealing costs (at £4.103773)	Resulting number of Shares transferred to Director/PDMR for no consideration	Total beneficial holding of Shares & total percentage beneficial holding following notification
Clara Furse	44,620 0.016%	18,331	26,289	485,588  0.18%
Martin Graham	25,906 0.0096%	10,643	15,263	102,207 0.0378%
David Lester	25,497 0.0094%	10,475	15,022	72,059 0.0266%
John Wallace	10,526 0.0039%	4,325	6,201	53,007 0.0196%

Full details of the LTIP are provided in the report on directors' remuneration in the London Stock Exchange Group plc 2008 Annual Report.

This notification relates to a disclosure made in accordance with Disclosure Rule 3.1.2R.

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

5 March 2009

 

END

 

 

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