XCH Xchanging

TIDMXCH

RNS Number : 1422S

Xchanging PLC

15 March 2016

15 March 2016

Xchanging plc

PDMR Shareholding

Xchanging plc ('Xchanging'), the business technology and services provider, was informed on 14 March 2016 of the following transactions by persons discharging managerial responsibility ('PDMR'), in relation to shares awarded previously under Xchanging's share plans:

   a)       Jon Stratford 

Following the vesting of 200,000 shares under the Xchanging BV Approved and Unapproved Option Plans, Mr Stratford sold 139,826 ordinary shares of 5p each (representing 0.056% of the issued share capital of Xchanging) at a price of 1.87p per share, to cover the exercise price of the options as well as the tax and national insurance payable on the value of the vested shares.

   b)       Jim Reesing 

Following the vesting of 16,331 shares under an individual award granted on

2 December 2013, Mr Reesing sold 6,786 ordinary shares of 5p each (representing 0.007% of the issued share capital of Xchanging) at a price of 1.87p per share, to cover the tax and national insurance payable on the value of the vested shares.

Following these transactions, the total number of ordinary shares held by each PDMR (and including those held by their connected persons) has increased to:

-- 301,396 ordinary shares (approximately 0.122% of Xchanging's issued share capital) for Mr Stratford; and

-- 9,545 ordinary shares (approximately 0.004% of Xchanging's issued share capital) for Mr Reesing.

The above transactions took place on the London Stock Exchange on 10 March 2016. This notification is made in accordance with DTR 3.1.4R(1)(a).

Anna M. Myburgh

Deputy Group Company Secretary

+44 203 604 5001

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 15, 2016 07:22 ET (11:22 GMT)

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