Director/PDMR Shareholding

RNS Number : 2038T
London Stock Exchange Group PLC
23 September 2010
 



London Stock Exchange Group plc ("the Company")

 

23 September 2010

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

 

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

 

The Company received notification on 22 September 2010 that on that date, the CEO, Xavier Rolet, purchased 23,000 ordinary shares of 6 79/86 pence each in the Company through his US Individual Retirement Account at a price of £6.89 per share.   

 

Xavier Rolet is participating in the London Stock Exchange Long Term Incentive Plan ("LTIP") whereby an employee undertakes to purchase Shares in the Company (Investment Shares) and, in return, is granted a matching award of Shares. 

In return for Xavier Rolet purchasing Investment Shares the Company will grant him matching awards over such number of Shares that equals two times the number of Shares that Xavier Rolet could have bought had the investment been made on a pre-tax basis (the Matching Award).

 

To be eligible to receive the Matching Award, directors and senior executives must hold their Investment 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 director or 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 LTIP are provided in the Directors Remuneration Report in the London Stock Exchange Group plc 2010 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: 020 7797 3517

 

Name and signature of duly authorised officer of issuer responsible for making notification

 

Lisa Condron

 

Date of notification

 

23 September 2010


This information is provided by RNS
The company news service from the London Stock Exchange
 
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