4th Nov 2009 11:00
.
SCHEDULE 11
NOTIFICATION OF INTERESTS OF PDMR AND CONNECTED PERSONS
1. Name of company
Xchanging plc
2. Name of PDMR
Steven Beard
3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
As in 2 above
4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
As in 2 above
5. Please state whether notification relates to a person(s) connected with the
PDMR named in 2 above and identify the connected person(s)
Notification relates only to Steven Beard
6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
Transaction 1 is the exercise of options over Ordinary Shares in Xchanging plc granted under the Xchanging Group Unapproved Share Option Plan. Transaction 2 is the sale of Ordinary Shares in Xchanging plc, part of which is to pay the exercise price and tax relating to Transaction 1.
7. Number of shares / amount of stock acquired
332,800
8. Percentage of issued class
0.1404%
9. Number of shares/amount of stock disposed
332,800
10. Percentage of issued class
0.1404%
11. Class of security
Ordinary Shares of 5 pence each
12. Price per share
See table at paragraph 23 below
13. Dates of transactions
02 and 03 November 2009
14. Date company informed
03 November 2009
15. Total holding following this notification
1,267,400
16. Total percentage holding of issued class following this notification
0.5345%
If a PDMR has been granted options by the company please complete the
following boxes.
17. Date of grant
N/A
18. Period during which or date on which exercisable
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved: class, number
N/A
21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
N/A
22. Total number of shares or debentures over which options held following this
notification
N/A
23. Any additional information
Breakdown of Transactions:
Date of Transaction Nature of Transaction Number of Shares Price
2 November 2009 Option Exercise 12,800 £0.9467
2 November 2009 Option Exercise 60,000 £0.3320
2 November 2009 Option Exercise 60,000 £0.9351
2 November 2009 Option Exercise 200,000 £0.9386
2/3 November 2009 Share Sale 332,800 £2.2099
24. Name of contact and telephone number for queries
Gary Whitaker - 020 7780 6999
25. Name and signature of authorised company official responsible for making
this notification
Gary Whitaker
Company Secretary
Date of Notification: 4 November 2009
Related Shares:
XCH.L