Director/PDMR Shareholding

RNS Number : 6008W

London Stock Exchange Group PLC

30 July 2009

 



London Stock Exchange GROUP plc (the Company)

30 July 2009

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

Acquisition of shares under the terms of the London Stock Exchange 2004 Long Term Incentive Plan

On 30 July 2009 London Stock Exchange Group plc was notified that on 28 July 2009 Halifax EES Trustees International Limited, the trustee of the London Stock Exchange Employee Benefit Trust, purchased 27,033 ordinary shares of 6 79/86 pence each in the Company (Shares) on behalf of the director and senior executive noted below who are participating in the London Stock Exchange Long Term Incentive Plan (the LTIP) whereby an employee undertakes to use a percentage of their bonus to purchase Shares in the Company (Investment Shares) and, in return, are granted a matching award of Shares.  

In return for the director and senior executive purchasing Investment Shares the Company has granted them matching awards over such number of Shares that equals two times the number of Shares that the director and senior executive could have bought had the investment of his or her bonus been made on a pre-tax basis (the Matching Award). 

The following director and senior executive (being persons discharging managerial responsibilities) acquired interests in Shares under the LTIP as follows:

Director/PDMR	Number and percentage of issued class of Investment Shares purchased of which the trustee is the registered holder	Number of Shares conditionally awarded under the Matching Award	Total holding following notification
Doug Webb	14,160 at £6.874707 per share 0.005%	48,349	24,820  0.009%
David Lester	12,873 at £6.874707 per share 0.005%	43,955	99,806 0.04%

To be eligible to receive the Matching Award, directors and senior executives must leave their Investment Shares in the trust 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 director or senior executive on the vesting of the Matching Award will depend on the extent to which two corporate performance  conditions  are  satisfied over the three-year vesting period.  

Full details of the LTIP, including a description of the performance conditions, are provided in the report on directors' remuneration in the London Stock Exchange Group plc 2009 Annual Report.

This notification relates to a disclosure made in accordance with Disclosure Rule 3.1.4R(1)(a) and Disclosure Rule 3.1.4(R)(1)(b) (a disclosure made in accordance with section 324 of the Companies Act 1985).

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

30 July 2009

 

END

 

 

RDSILFESDDIIVIA