XCH.L Regulatory News (XCH)

4 Nov 2008 17:00



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SCHEDULE 11

NOTIFICATION OF INTERESTS OF PDMR AND CONNECTED PERSONS

1. Name of company

Xchanging plc

2. Name of 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

PDMR named in 2 above and identify the connected person(s)

Notification relates only to 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 of options over Ordinary Shares in Xchanging plc granted under the 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

499,984 

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 of 5 pence each

12. Price per share

See table at paragraph 23 below.

13. Date of transaction

03 November 2008

14. Date company informed

03 November 2008

15. Total holding following this notification

1,593,006

16. Total percentage holding of issued class following this notification

0.7258%

If a PDMR 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 Transaction  Number of Shares Price

3 November 2008 Option Exercise 499,984 £0.0965

3 November 2008 Share Sale 60,732 £2.1906

4 November 2008 Share Sale 196,438 £2.1906

24. Name of contact and telephone number for queries

Gary Whitaker - 020 7780 6999

25. Name and signature of authorised company official responsible for making

this notification 

Gary Whitaker

Company Secretary

Date of Notification

4 November 2008