Euronext - 2020 Universal Registration Document

GLOSSARY, CONCORDANCE TABLES & ANNEX

n Performance Related Equity Plan . Performance Related Equity Plan is designed to reward a selected group of high-performing, high potential employees. Awards under the plan consist of two discrete awards: n Restricted Share Award which would deliver London Stock Exchange Group Plc ordinary shares to the participants if the conditions were met, n Share Option Award in the form of an option with exercise price (this is the price that the participant must pay to take ownership of an individual share), subject to the same performance conditions as the Restricted Share Award. Both awards would vest three years after the grant date. The Performance Conditions are measured: 1. for 50% of the assigned shares: the number of shares to be allocated at the expiry of the individual plans shall be determined based on the position of the TSR or the yield rate of the London Stock ExchangeGroup shares, in thematuration period, calculated by assuming the reinvestment of the dividends on the same shares, 2.for remaining 50% of the assigned shares: the number of shares to be assigned at the maturity of the individual plans will be determined based on the position of the Group’s costs compared to specific budget targets;

n Save As Your Earn. The SAYE includes the allocation of options on shares for employees. At the time of assigning the option, the employee has the right to join a “save as you earn” plan managed by Yorkshire Building Society in the United Kingdom, which includes a monthly deduction from an employee’s net salary for three years starting from when the savings plan begins. The amounts paid over three years will be interest bearing. At the end of the three-year period (the “Maturity Date”), the Plan allows common stock to be purchased from the London Stock Exchange Group Plc at a price determined. If instead, at the end of the period, the shares have not appreciated, the employee will not be required to purchase them and may instead withdraw the entire amount, increased by any interest. The shares object of the LTIP are purchased on the market by LSEG itself. The total cost on 31 December 2020 for the assignment of shares and share options to the employees is €6,113 thousand (31 December 2019 €4,765 thousand) including of the Severance Indemnity.

In the following table are reported the changes of LSEG shares allocated for LTIP and the period average weighted price:

Number of shares

Share options

SAYE

LTIP Deferred bonus

Total

OPENING BALANCE 01/01/2020

1,676

123,457

611,695

-

736,828

Granted shares

-

17,725

73,358

4,241

95,324

-

-

-

-

-

Transferred shares

Transferred shares fom UK

-

-

-

-

-

Exercised shares

-

(42,933)

(236,035)

-

(278,968)

Forfeited shares

-

(7,203)

(72,471)

-

(79,674)

Cancelled shares (lapsed)

-

-

-

-

-

ENDING BALANCE 31/12/2020

1,676

91,046

376,547

4,241

473,510

G

361

2020 UNIVERSAL REGISTRATION DOCUMENT