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4 Nov 2008 17:00
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SCHEDULE 11
NOTIFICATION OF INTERESTS OFΒ PDMRΒ AND CONNECTED PERSONS
1. Name of company
XchangingΒ plc
2. Name ofΒ PDMR
Michael Margetts
3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
As in 2 above
4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
As in 2 above
5. Please state whether notification relates to a person(s) connected with the
PDMRΒ named in 2 above and identify the connected person(s)
Notification relates only toΒ Michael Margetts
6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
Transaction 1 is the exercise ofΒ options over Ordinary Shares in Xchanging plc granted under theΒ Xchanging Group Unapproved G Share Option Plan.
Transaction 2 is the sale of Ordinary Shares in Xchanging plc in order to pay the exercise price and tax relating to Transaction 1.
7. Number of shares / amount of stock acquired
499,984Β
8. Percentage of issued class
0.2278%
9. Number of shares/amount of stock disposed
257,170
10. Percentage of issued class
0.1172%
11. Class of security
Ordinary Shares ofΒ 5Β pence each
12. Price per share
See table at paragraph 23 below.
13. Date of transaction
03 NovemberΒ 2008
14. Date company informed
03Β NovemberΒ 2008
15. Total holding following this notification
1,593,006
16. Total percentage holding of issued class following this notification
0.7258%
If aΒ PDMRΒ has been granted options by the company please complete the
following boxes.
17. Date of grant
N/A
18. Period during which or date on which exercisable
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved: class, number
N/A
21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
N/A
22. Total number of shares or debentures over which options held following this
notification
N/A
23. Any additional information
Breakdown of Transactions:
Date of Transaction Nature of TransactionΒ Number of Shares Price
3Β November 2008 Option Exercise 499,984 Β£0.0965
3 November 2008 ShareΒ Sale 60,732 Β£2.1906
4 November 2008 ShareΒ Sale 196,438 Β£2.1906
24. Name of contact and telephone number for queries
Gary Whitaker -Β 020 7780 6999
25. Name and signature of authorised company official responsible for making
this notificationΒ
GaryΒ Whitaker
Company Secretary
Date of Notification
4 NovemberΒ 2008
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