Director/PDMR Shareholding

RNS Number : 4603J

Legal & General Group Plc

12 June 2014

 



Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities (PDMRs) and Connected Persons

The Legal & General Group Plc Performance Share Plan 2014 (PSP)

On 11 June 2014 Legal & General Group Plc (the Company) received notification that the Directors and PDMRs named below had been awarded a nil cost option over ordinary shares of 2.5p under the terms of the PSP at an award price of 233.42p.

The performance period in respect of the PSP award will end on 31 December 2016. The performance conditions attached to the PSP award will then be tested and the vesting percentage confirmed after the announcement of the Legal & General's 2016 annual results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2017 results and the remaining third after the announcement of the 2018 results.  Options must be exercised by the seventh anniversary of the date of grant.

Name	Director/ PDMR	Total PSP shares
Nigel Wilson	Director	878,245
Mark Gregory	Director	599,777
John Pollock	Director	599,777
Mark Zinkula	Director	599,777
Kerrigan Procter	PDMR	174,792
Paul Stanworth	PDMR	154,228

This disclosure relates to transactions notified in accordance with

DTR 3.1.4R(1)(a).

These transactions took place in London.

Name of person making notification:	Claire Singleton
Contact number:	020 3124 2149
Date of notification:	12 June 2014

 

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