7th Apr 2014 17:27
XCHANGING PLC
(the "Company")
Announcement to the London Stock Exchange
This notification is made in accordance with DTR 3.1.4.
On 3 April 2014, 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 |
David Bauernfeind | 295,313 |
Andrew Binns | 194,360 |
Ed Cross | 182,927 |
Adrian Guttridge | 198,171 |
Ken Lever | 445,313 |
Stephen Scott | 167,683 |
Jon Stratford | 182,927 |
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 Company's performance in absolute total shareholder return and economic profit. The award will normally vest on the third anniversary of grant and if it is determined that the performance conditions have been met. PDMRs are required to hold the shares for an additional six months after vesting.
The Company was informed of the above transactions on 4 April 2014.
Name of contact and telephone number for queries: Anna Myburgh on 020 3604 5001.
For and on behalf of Xchanging plc
Anna Myburgh
Date: 7 April 2014
Related Shares:
XCH.L