12 May 2016 17:38
Xchanging plc
PDMR Shareholding
Xchanging plc ("Xchanging"), the business technology and services provider, was informed on 12 May 2016 by the following individuals who, in the case of David Bauernfeind, Adrian Guttridge and Jim Reesing are, or, in the case of all other individuals, were at the date of the transaction, persons discharging managerial responsibility (PDMRs) that, following their acceptance of the recommended cash offer by CSC Computer Sciences International Operations Limited ("CSC Bidco") for the issued share capital of Xchanging (the "Offer") in respect of their shareholdings in Xchanging, the transfer of those shares took effect on 5 May 2016, being the date on which the Offer was declared unconditional in all respects by CSC Bidco.
Name of PDMR | Number of shares sold under the Offer |
David Bauernfeind | 781,906 (including 360,853 held by connected persons) |
Adrian Guttridge | 45,059 |
Jim Reesing | 9,545 |
Geoff Unwin | 396,908 |
Ian Cormack | 8,569 |
Bill Thomas | 14,289 |
Stephen Wilson | 53,214 (including 20,000 held by a connected person) |
Following this transaction, the resulting holding of Xchanging shares for each PDMR was nil.
This notification is made in accordance with DTR 3.1.4R(1)(a).
Anna M. Myburgh
Group Company Secretary
+44 203 604 5001
XCH.L (XCH)