Director/PDMR Shareholding

RNS Number : 3436T

Legal & General Group Plc

19 March 2019

 

Legal & general group plc

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

The following notification made under articles 19.1 and 19.3 of the Market Abuse Regulation ("MAR") relates to:

·      the exercise of an award granted on 21 April 2016 under the terms of the Legal & General Group Performance Share Plan 2016 (PSP 2016).

The performance conditions attached to the PSP 2016 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the 2018 results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2019 results and the remaining third after the announcement of the 2020 results. Options must be exercised by the seventh anniversary of the date of grant.

Name	Director/ PDMR	Number of shares awarded on 21 April 2016	Number of shares exercised on 15 March 2019	Total shares sold	Shares retained by individual
Laura Mason	PDMR	10,711	10,711	10,711	0

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Laura Mason
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Legal & General Retirement, Institutional/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	1.   Exercise of PSP 2016 award of nil cost options over 10,711 shares. 2.   Sale of 10,711 shares.
c)	Price(s) and volume(s)	Price(s)	Volume
		1.   Nil cost	1.   10,711
		2.   £2.819	2.   10,711
d)	Aggregated information -      Aggregated volume -      Price	1.   Price	1.   Volume	1.   Total
		1.   £0.00	1.   10,711	1.   £0.00
		2.   Price	2.   Volume	2.   Total
		2.   £2.819	2.   10,711	2.   £30,194.31
e)	Date of the transaction	15 March 2019
f)	Place of the transaction	London Stock Exchange, XLON

19 March 2019

Daniella Newson

Assistant Company Secretary

Legal & General Group Plc

Tel: [phone]

 

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