13 Oct 2016 16:15
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILIES ("PDMR") OR CONNECTED PERSONS
A share award was granted on 18 November 2015 in the form of nil-cost options under the London Stock Exchange Group Restricted Share Award Plan 2008 (the "RSAP") and the First Tranche, being 15% of the total number of shares granted, became exercisable on 30 September 2016 in accordance with the RSAP rules and the specific conditions required for vesting.
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A share award granted on 19 June 2012 under the FTSE Incentive Plan (the "Plan") vested on 12 October 2016, to the extent the applicable performance conditions had been met, and shares were transferred to the senior executive detailed below in accordance with the Plan rules.
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The Company was notified on 13 October 2016 by each of Chris Corrado and Mark Makepeace that they had exercised their nil-cost options on 11 October 2016 and a proportion of the resulting shares in the Company was sold to satisfy only the tax/social security liabilities and associated dealing costs that arose on exercise. The balances of shares were transferred to and have been retained by each senior executive.
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The notification below, which is made in accordance with the requirements of the Market Abuse Regulation, provides further information on these transactions.
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||||||||||||||
a) | Name | Chris Corrado (Group Chief Operating Officer and Group Chief Information Officer) Mark Makepeace (Group Director of Information Services and Chief Executive of FTSE Group) | ||||||||||||||||||||||||
2 | Reason for the notification | |||||||||||||||||||||||||
a) | Position/status | As detailed in 1a) above | ||||||||||||||||||||||||
b) | Initial/Amendment notification | Initial | ||||||||||||||||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||||||||
a) | Name | London Stock Exchange Group plc | ||||||||||||||||||||||||
b) | LEI | 213800QAUUUP6I445N30 | ||||||||||||||||||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||||||||||||||
a) | Description of the financial instrument, type of instrument  Identification code |  Ordinary shares of 6 79/86 pence each   ISN: GB00B0SWJX34 | ||||||||||||||||||||||||
b) | Nature of the transaction | Exercise of nil-cost options over Restricted Shares under the London Stock Exchange Group Restricted Share Award Plan 2008 and the transfer of Performance Shares following vesting of the FTSE Incentive Plan; the subsequent sale of ordinary shares to satisfy taxes, social security and associated dealing costs arising on exercise. | ||||||||||||||||||||||||
c) | Price(s) and volume(s) | Â
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d) | Aggregated information  - Aggregated volume  - Price  |   n/a  n/a | ||||||||||||||||||||||||
e) | Date of the transaction | 11 October 2016 | ||||||||||||||||||||||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||||||||||||||||||||||
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