10th Apr 2015 15:58
10 April 2015
Xchanging plc (the "Company")
PDMR Shareholding
Xchanging plc, the business technology and services provider, announces that on 9 April 2015 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 | 351,588 |
Andrew Binns | 231,397 |
Adrian Guttridge | 241,833 |
Ken Lever | 530,172 |
Jim Reesing | 159,710 |
Stephen Scott | 199,637 |
Chirag Shah | 226,860 |
Jon Stratford | 226,860 |
No consideration was paid for the grant of the awards which are structured as conditional nil cost options over shares.
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 award for an additional two years after vesting.
The Company was informed of the above transactions on 9 April 2015. This notification is made in accordance with DTR 3.1.4.
Anna Myburgh
Deputy Group Company Secretary
+44 203 604 5001
Related Shares:
XCH.L