27th Dec 2007 09:55
Xchanging PLC27 December 2007 XCHANGING PLC (the "Company") Announcement to the London Stock Exchange This notification is made in accordance with DTR 3.1.4. On 24th December 2007, the following HMRC approved options and unapprovedoptions (together, the "Options") over ordinary shares in the Company weregranted under the Xchanging plc 2007 Executive Share Option Plan to PersonsDischarging Managerial Responsibility ("PDMRs") of the Company: Name of PDMR Number of shares granted Number of shares granted under under HMRC approved options unapproved options Mike Margetts 10,830 169,675 No consideration was paid for the grant of the Options, which are structured asmarket value Options. The Options will normally become exercisable on the third anniversary of thedate of grant subject to the satisfaction of performance conditions set by theRemuneration Committee of the Company. To the extent that an Option becomesexercisable, it remains exercisable until the tenth anniversary of the date ofgrant. The price payable by each participant on the exercise of his Option is £2.77 pershare. The Company was informed of the above transactions on 24th December 2007. Name of contact and telephone number for queries: Mr Gary Whitaker. For and on behalf of Xchanging plc Mr Gary WhitakerDate: 24th December 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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