Director/PDMR Shareholding

RNS Number : 7685J

London Stock Exchange Group PLC

09 April 2015

 



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

Acquisition of shares under the terms of the London Stock Exchange Group Long Term Incentive Plan 2014 ('the 2014 LTIP')

On 8 April 2015 London Stock Exchange Group plc ('the Company') was notified that on 8 April 2015 Nikhil Rathi purchased 3,230 ordinary shares of 6 79/86 pence in London Stock Exchange Group plc ('Shares').  The venue of execution for the purchase of the Shares was London Stock Exchange.

PDMR	Number of Invested Shares Purchased
Nikhil Rathi	2,350 at £25.436 per share; and 880 at £25.404 per share (registered in the name of Jyoti Rathi, a connected person)

Nikhil Rathi is participating in the 2014 LTIP whereby an employee purchases Shares in the Company ('Invested Shares') and, in return, is subsequently granted a matching award of Shares (the 'Matching Award').

In return for Nikhil Rathi purchasing Invested Shares the Company will grant him a Matching Award over such number of Shares that equals two times the number of Shares that Nikhil Rathi could have bought had the investment been made on a pre-tax basis.

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

9 April 2015

 

END

 

 

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