Director/PDMR Shareholding

RNS Number : 2819Q

London Stock Exchange Group PLC

28 August 2014

 



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

Acquisition and sale of shares under the terms of the London Stock Exchange Group Employee Share Plans

On 27 August 2014 London Stock Exchange Group plc was notified that on 26 August 2014 the following directors and senior executives acquired the number of ordinary shares of 6 79/86 pence in London Stock Exchange Group plc ("Shares") shown opposite their name for nil consideration following the vesting of Performance and Matching awards (together the "Awards") under the London Stock Exchange Group 2004 Long Term Incentive Plan.  The performance awards were granted on 3 June 2011 and the matching awards were granted on 8 July 2011.  All awards vested in full in accordance with the relevant plan rules and the applicable performance conditions.

On 27 August 2014, following the vesting and exercise of the Awards, London Stock Exchange Group plc was further notified that on 26 and 27 August 2014 the following directors and senior executives sold the number of Shares set opposite their name for the reasons set out below.

Director/PDMR	Number of Shares vested and acquired	Number of Shares sold	Net Number of Shares transferred to Director/PDMR	Shares beneficially held at the date of this announcement	Notes
Xavier Rolet 1	Performance award 139,031 Matching award 63,380	161,191 at £20.341 per Share	41,220	370,818	Shares sold to enable him to participate in the Rights Issue as set out in the Prospectus dated 22 August 2014 and to meet tax and other charges associated with the vesting. Balance of Shares retained.
Raffaele Jerusalmi 1	Performance award 51,493	40,469 at £20.341 per Share	11,024	52,745	Shares sold to enable him to participate in the Rights Issue as set out in the Prospectus dated 22 August 2014, to meet tax and other charges associated with the vesting and to meet additional Italian tax commitments.  Balance of Shares retained.
David Lester 1	Performance award 51,493 Matching award 32,860	92,170 2 at £20.336 per Share	Nil	48,716	Shares sold to meet tax and other charges associated with the vesting and to enable further optionality in terms of the method of participation in the pending Rights Issue.
Antoine Shagoury	Performance award 51,493	51,493 1 at £20.346 per Share and  54,500 3 at £20.282 per Share and 15,500 4 at £20.496 per Share	Nil	30,032	Shares sold to meet tax and other charges associated with the vesting, to meet pressing financial commitments and to enable further optionality in terms of the method of participation in the pending Rights Issue.

1.   Transactions executed on 26 August 2014.

2.   Includes a further 7,817 sold from existing holdings purchased in 2011 to enable participation in the Matching award.

3.   Transaction executed on 26 August 2014, shares sold from existing holdings.

4.   Transaction executed on 27 August 2014, shares sold from existing holdings.

Full details of the London Stock Exchange Group plc 2004 Long Term Incentive Plan ("the Plan") are provided in the report on directors' remuneration 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

28 August 2014

 

END

 

 

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