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NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

 

 1. Name of the issuer

Alliance & Leicester plc

2. Details of transactions 

	Transaction Notified in accordance with DR 3.1.4R		Number of shares acquired	Price per (i)	Number of shares Sold(ii)	Number of shares retained	Sale Price
Name	(1)(a) PDMR	(1)(b) Director		£
David Bennett	Yes	Yes	5,507	£Nil	2,258	3,249	288.8719p
Christopher Rhodes	Yes	Yes	12,258	£Nil	5,028	7,230	288.8719p
Richard Banks	Yes	Yes	14,749	£Nil	6,049	8,700	288.8719p
Stuart Dawkins	Yes	No	10,528	£Nil	4,318	6,210	288.8719p
Timothy Simon Lloyd	Yes	No	14,118	£Nil	5,790	8,328	288.8719p
Graham Pilkington	Yes	No	35,370	£Nil	14,505	20,865	288.8719p
Ian Hares	Yes	No	19,644	£Nil	8,055	11,589	288.8719p
Shaun Astley-Stone	Yes	No	12,310	£Nil	5,050	7,260	288.8719p

 

(i)      Exercise of options granted under the Alliance & Leicester Deferred Bonus Plan with an aggregate exercise price of 10p per option.

 

(ii) The above mentioned PDMR's sold sufficient shares on the London Stock Exchange at a sale price of £2.888719 per share to fund the tax and national insurance costs in order to retain the balance of shares.

 

(iii)  All outstanding options under the Alliance & Leicester Deferred Bonus Plan became capable of exercise on 7 October 2008 when the High Court sanctioned the scheme of arrangement (the 'Scheme') by which the recommended acquisition of Alliance & Leicester plc by Banco Santander S.A. is to be effected. The above mentioned PDMRs submitted conditional notices of exercise in respect of their options under the Alliance & Leicester Deferred Bonus Plan which took effect when the court sanctioned the Scheme.

 3. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named   in 2 and identify the connected person

Transaction relates to Director as outlined in 2 above.

4. Indicate whether the notification is in respect of a holding of the person referred to in 2 or 3 above or in respect of a non-beneficial interest

Holding of person named in 2 above

5. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 50p each

6. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

David Bennett

Christopher Rhodes

Richard Banks

Stuart Dawkins

Timothy Simon Lloyd

Shaun Astley-Stone

Graham Pilkington

Ian Hares

7.  State the nature of the transaction

Exercise of options granted under Alliance & Leicester Deferred Bonus Plan and subsequent sale as detailed in 2 above.

8. Number of Shares, debentures or financial instruments relating to shares acquired

124,484

9. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

Minimal

10. Number of shares, debentures or financial instruments relating to shares disposed

51,053

11. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

Minimal

12. Price per share or value of transaction

£2.888719 

13. Date and place of transaction

7 October 2008 - London Stock Exchange 

14. Date issuer informed of transaction

7 October 2008

15. Any additional information

None

16. Name of contact and telephone number for queries

Sandra Odell - 0116 200 4352

Name and signature of duly authorised officer of issuer responsible for making notification

Simon Lloyd

Group Secretary

 

Date of notification

8 October 2008

ENDRDSBXBDGBUGGGII