Director/PDMR Shareholding

RNS Number : 6428C

Legal & General Group Plc

18 April 2017

 

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

On 18 April 2017 Legal & General Group Plc (the Company) received notification that on that day the Directors and PDMRs named below were awarded restricted shares at a price of 249.5p per ordinary share under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP). The restricted period in respect of the SBP awards will end on 18 April 2020.

On 18 April 2017 the Company also received notification that on that day the Directors and PDMRs named below had been awarded a nil cost option over ordinary shares of 2.5p under the terms of the Legal & General Group Performance Share Plan 2014 ("PSP") at an award price of 248.2p.

The performance period in respect of the PSP award will end on 31 December 2019. 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 2019 annual results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2020 results and the remaining third after the announcement of the 2021 results. Options must be exercised by the seventh anniversary of the date of grant.

Name	Director/PDMR	Number of SBP Shares Awarded	Number of PSP Shares Awarded
Nigel Wilson	Director	233,894	915,444
Mark Zinkula	Director	166,682	629,934
Jeff Davis	Director	-	503,544
Kerrigan Procter	Director	120,201	478,367
Paul Stanworth	PDMR	60,120	212,093
Bernie Hickman	PDMR	23,547	199,403

The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the SBP.

	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Nigel Wilson 2.   Mark Zinkula 3.   Kerrigan Procter 4.   Paul Stanworth 5.   Bernie Hickman
2	Reason for the notification
a)	Position/status	1.   Group Chief Executive/Director 2.   Chief Executive Officer, Legal & General Investment Management/Director 3.   Chief Executive Officer, Legal & General Retirement/Director 4.   Managing Director, Legal & General Capital/PDMR 5.   Chief Executive Officer, Legal & General Insurance/PDMR
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Legal & General Group Plc
b)	LEI	213800JH9QQWHLO99821
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.025 each, with voting rights attached  GB0005603997
b)	Nature of transaction	SBP restricted shares award
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.   2.495	1.   233,894
		2.   2.495	2.   166,682
		3.   2.495	3.   120,201
		4.   2.495	4.   60,120
		5.   2.495	5.   23,547
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single Transaction)
e)	Date of the transaction	18 April 2017
f)	Place of the transaction	London Stock Exchange, XLON

The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the Legal & General Group Performance Share Plan 2014 (PSP).

	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Nigel Wilson 2.   Mark Zinkula 3.   Jeff Davis 4.   Kerrigan Procter 5.   Paul Stanworth 6.   Bernie Hickman
2	Reason for the notification
a)	Position/status	1.   Group Chief Executive/Director 2.   Chief Executive Officer, Legal & General Investment Management /Director 3.   Chief Financial Officer/Director 4.   Chief Executive Officer, Legal & General Retirement/Director 5.   Managing Director, Legal & General Capital/PDMR 6.   Chief Executive Officer, Legal & General Insurance/PDMR
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Legal & General Group Plc
b)	LEI	213800JH9QQWHLO99821
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.025 each, with voting rights attached  GB0005603997
b)	Nature of transaction	PSP shares award
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.   2.482	1.   915,444
		2.   2.482	2.   629,934
		3.   2.482	3.   503,544
		4.   2.482	4.   478,367
		5.   2.482	5.   212,093
		6.   2.482	6.   199,403
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single Transaction)
e)	Date of the transaction	18 April 2017
f)	Place of the transaction	London Stock Exchange, XLON

18 April 2017

Helen Baker

Deputy Company Secretary

Legal & General Group Plc

Tel: [phone]

 

END

 

 

DSHQVLFFDZFBBBX