[CORRECTION] Abbott, other senior staff collect £19.6m from sale of LME to HKEx

[An earlier version of this story incorrectly reported that Martin Abbott was the sole recipient of awards under the LME's long-term incentive plan. The updated version clarifies that while no other directors participate in the scheme, certain other staff members do. The LME declined to comment on how those awards are shared between Abbott and the other staff.]

Former London Metal Exchange ceo Martin Abbott and certain other members of staff collected £19.6 million ($31.6 million) from the sale of the bourse to Hong Kong Exchanges and Clearing, LME Holdings said in accounts filed with Companies House.
Abbott was the only director to participate in the scheme, but select other senior members of staff also received awards under incentive plan. The LME declined to comment on the size of awards made to other parties.

LME Holdings recorded a £10.1 million loss in 2012 as a result of costs relating to the sale of the bourse to HKEx, the exchange said...

Published

Mark Burton

September 30, 2013

10:53 GMT

London