LME ex-chief Abbott, others net $31.7M in sale to HKEx

Oct 01, 2013 | 06:32 PM | Mark Burton

Tags  LME Holdings, LME, HKEx, Martin Abbott, incentive plan, bonus, Mark Burton

LONDON — Former London Metal Exchange chief executive officer Martin Abbott and other members of staff collected £19.6 million ($31.7 million) from the sale of the bourse to Hong Kong Exchanges & Clearing Ltd. (HKEx), LME Holdings Ltd. said in documents filed with Companies House.

Abbott was the only director to participate in the scheme, but select other senior staff members also received awards under an incentive plan. The LME declined to comment on the size of awards made to other parties.....

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