London Stock Exchange Group PLC Director/PDMR Shareholding
March 15 2024 - 4:30AM
RNS Regulatory News
RNS Number : 0396H
London Stock Exchange Group PLC
15 March 2024
NOTIFICATION OF TRANSACTIONS
OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR
CONNECTED PERSONS
Following the commencement of his
employment as Group Chief Financial Officer of London Stock
Exchange Group plc (the "Company") on 26 February 2024 and
appointment to the Board of the Company on 1 March 2024,
Michel-Alain Proch was granted awards over shares in the Company as
detailed below on 13 March 2024 (the "Awards").
Consistent with the Company's
approved Remuneration Policy, and as set out in its announcement on
20 November 2023, the Company agreed to make the Awards to
compensate Mr Proch for certain incentive arrangements which he
forfeited on leaving his former employer to join the
Company.
The Awards comprise:
·
A performance share award under the Company's
Restricted Share Award Plan 2018 ("RSAP") over 19,507 shares with a
face value of £1,728,737 (the "PSU Award").
The PSU award will vest as soon as
practicable following Publicis Groupe's formal confirmation of, and
the number of shares that vest will reflect, the performance
outcome of the forfeited Publicis Groupe 2022 LTIP award. The PSU
Award will vest no earlier than March 2025.
·
A conditional share award under the RSAP over
11,277 shares with a face value of £999,427 (the "RSU
Award").
The RSU Award will vest in March
2026. Vesting will not be subject to performance
conditions.
Further details about the Awards
will be set out in the Directors' Remuneration Report for the 2023
financial year.
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
This notification is made in
accordance with the requirements of the UK Market Abuse
Regulation.
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Michel-Alain Proch
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Group Chief Financial
Officer
|
b)
|
Initial/Amendment
notification
|
Initial
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
London Stock Exchange Group
plc
|
b)
|
LEI
|
213800QAUUUP6I445N30
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of 6
79/86 pence each
ISIN: GB00B0SWJX34
|
b)
|
Nature of the transaction
|
(1) Grant of a performance
award over ordinary shares under the London Stock Exchange Group
Restricted Share Award Plan 2018 ("RSAP") to replicate the
commercial value of deferred compensation forfeited on departure
from previous employer.
(2) Grant of a conditional
award over ordinary shares under the RSAP to replicate the
commercial value of deferred compensation forfeited on departure
from previous employer.
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
(1)
|
Nil
|
19,507
|
(2)
|
Nil
|
11,277
|
|
d)
|
Aggregated information
- Aggregated
volume
-
Price
|
30,784
|
e)
|
Date of the transaction
|
13 March 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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