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24 Jun 2011 12:23
XCHANGING PLC
(the "Company")
Announcement to the London Stock Exchange
This notification is made in accordance with DTR 3.1.4.
On 23 June 2011, the following awards over ordinary shares in the Company were made under the Xchanging plc 2007 Performance Share Plan (the "Plan") to Persons Discharging Managerial Responsibility ("PDMRs"):
Name of PDMR | Total number of shares under the award |
Ken Lever | 230,224 |
David Bauernfeind | 193,811 |
No consideration was paid for the grant of the awards which are structured as conditional awards.
The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The award will normally vest on the later of the third anniversary of grant and the determination of the performance conditions.
The Company was informed of the above transactions on 23 June 2011.
Name of contact and telephone number for queries: Mr Gary Whitaker.
For and on behalf of Xchanging plc
Mr Gary Whitaker
Date: 24 June 2011
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