Director/PDMR Shareholding

RNS Number : 4908F

Legal & General Group Plc

09 March 2020

 

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 18 April 2017 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP 2014);

The performance conditions attached to the PSP 2014 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the 2019 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

On 6 March 2020 the Company also received notification that on that day the Share Bonus Plan (SBP) awards for Catherine Mason had vested on 6 March 2020.

Name	Director/ PDMR	Number of PSP shares awarded on 18 April 2017	Number of PSP shares vested on 6 March 2020	Number of SBP shares awarded on 18 September 2017	Number of SBP shares vested on 6 March 2020
Jeff Davies	Director	503,544	437,579	-	-
Simon Gadd	Director	208,467	181,157	-	-
Bernard Hickman	Director	199,403	173,281	-	-
Christopher Knight	PDMR	138,978	120,771	-	-
Stephen Licence	PDMR	77,747	67,562	-	-
Kerrigan Procter	Director	478,367	415,700	-	-
Geoffrey Timms	PDMR	198,388	172,399	-	-
Nigel  Wilson	Director	915,444	795,520	-	-
Catherine Mason	Director	88,623	77,013	43,877	29,573

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.  Jeff Davies 2.  Simon Gadd 3.  Bernard Hickman 4.  Christopher Knight 5.  Stephen Licence 6.  Kerrigan Procter 7.  Geoffrey Timms 8.  Nigel  Wilson 9.  Catherine Mason
2	Reason for the notification
a)	Position/status	1.  Group Chief Financial Officer/Director 2.  Group Chief Risk Officer/PDMR 3.  Chief Executive Officer, Legal & General Insurance/PDMR 4.  Chief Executive Officer, Legal & General Retirement, Retail/PDMR 5.  Group Chief Internal Auditor/PDMR 6.  Chief Executive Officer, Legal & General Capital/Director 7.  Group General Counsel and Company Secretary/PDMR 8.  Group Chief Executive/Director 9.  Chief Executive Officer, Legal & General Retirement
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	Vesting of PSP 2014 awards
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  241.4p 2.  241.4p 3.  241.4p 4.  241.4p 5.  241.4p 6.  241.4p 7.  241.4p 8.  241.4p 9.  241.4p	1.  437,579 2.  181,157 3.  173,281 4.  120,771 5.  67,562 6.  415,700 7.  172,399 8.  795,520 9.  77,013
d)	Aggregated information -  Aggregated volume -  Price	N/A Single transaction
e)	Date of the transaction	6 March 2020
f)	Place of the transaction	London Stock Exchange, XLON

SBP Awards

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Catherine Mason
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Legal & General Retirement
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	Vesting of SBP awards
c)	Price(s) and volume(s)	Price(s)	Volume
		241.4p	29,573
d)	Aggregated information -  Aggregated volume -  Price	N/A Single transaction
e)	Date of the transaction	6 March 2020
f)	Place of the transaction	London Stock Exchange, XLON

9 March 2020

Daniella Newson

Assistant Company Secretary

Legal & General Group Plc

Tel: [phone]

 

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