20th Apr 2009 14:00
XCHANGING PLC
Announcement to the London Stock Exchange
This notification is made in accordance with DTR 3.1.4.
On 9 April 2009, the following awards over ordinary shares in the Company were made under the Xchanging plc 2007 Performance Share Plan (the "Plan") to a Director of the Company and to a Person Discharging Managerial Responsibility ("PDMR"):
|
Name of Director/PDMR
|
Total number of shares under the Award
|
|
Richard Houghton
|
334,146
|
|
Darren Fisher
|
65,040
|
No consideration was paid for the grant of the award which is structured as a conditional award.
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 17 April 2009.
Name of contact and telephone number for queries: Gary Whitaker, telephone 020 7780 6999.
For and on behalf of Xchanging plc
Gary Whitaker
Date: 20 April 2009
About Xchanging:
Xchanging is a fast growing, pure play global business processor with blue chip customers. Xchanging provides complex industry specific processing to the banking and insurance industries as well as procurement, finance and accounting, and human resources services across industries. www.xchanging.com
Related Shares:
XCH.L