Director/PDMR Shareholding

RNS Number : 9628V

Legal & General Group Plc

12 August 2020

 

Legal & general group plc

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

On 12 August 2020 Legal & General Group Plc (the "Company") received notification that on that day the Directors and PDMRs named below had been awarded nil cost options over ordinary shares of 2.5p under the terms of the Performance Share Plan ("PSP") at an award price of £2.2926. All PSP awards will vest, subject to satisfaction of the performance conditions, after three years but the participants will not be able to exercise the options before 12 August 2025. 

The performance period in respect of the PSP award will end on 31 December 2022. 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 2022 annual results. Options must be exercised by the seventh anniversary of the date of grant.

On 12 August 2020 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares or restricted shares at a price of £2.3287 per ordinary share under the terms of the Share Bonus Plan ("SBP"). All SBP awards vest on 14 April 2023.  

Name	Director/ PDMR	Number of PSP options awarded on 12 August 2020 at a price of £2.2926	Number of SBP Conditional Shares awarded on 12 August 2020 at a price of £2.3287	Number of SBP Restricted Shares awarded on 12 August 2020 at a price of £2.3287
Nigel Wilson	Director	1,068,110	277,497	-
Jeff Davies	Director	643,374	163,720	-
Kerrigan Procter	Director	594,303	151,717	-
Michelle Scrimgeour	Director	648,826	79,831	-
Simon Gadd	P DMR	266,945	-	55,825
John Godfrey	P DMR	133,429	-	32,099
Emma Hardaker-Jones	P DMR	209,369	-	40,398
Bernard Hickman	P DMR	243,391	-	64,242
Chris Knight	P DMR	195,411	-	73,754
Stephen Licence	P DMR	97,705	-	37,274
Laura Mason	P DMR	333,682	-	115,667
Geoffrey Timms	P DMR	237,285	-	66,293

PSP Awards

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.  Nigel Wilson 2.  Jeff Davies 3.  Kerrigan Procter 4.  Michelle Scrimgeour 5.  Simon Gadd 6.  John Godfrey 7.  Emma Hardaker-Jones 8.  Bernard Hickman 9.  Chris Knight 10.  Stephen Licence 11.  Laura Mason 12.  Geoffrey Timms
2	Reason for the notification
a)	Position/status	1.  Group Chief Executive Officer/ Director 2.  Group Chief Financial Officer/Director 3.  Chief Executive Officer, Legal & General Capital/Director 4.  Chief Executive Officer, Legal & General Investment Management/PDMR 5.  Group Chief Risk Officer/PDMR 6.  Corporate Affairs Director/PDMR 7.  Group HR Director/PDMR 8.  Chief Executive Officer, Legal & General Insurance/PDMR 9.  Chief Executive Officer, Legal & General Retirement, Retail/PDMR 10.  Group Chief Internal Auditor/PDMR 11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR 12.  Group General Counsel and Company Secretary/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 options award for the directors/PDMRs listed in 1a above
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  £2.2926	1.  1,068,110
		2.  £2.2926	2.  643,374
		3.  £2.2926	3.  594,303
		4.  £2.2926	4.  648,826
		5.  £2.2926	5.  266,945
		6.  £2.2926	6.  133,429
		7.  £2.2926	7.  209,369
		8.  £2.2926	8.  243,391
		9.  £2.2926	9.  195,411
		10.  £2.2926	10.  97,705
		11.  £2.2926	11.  333,682
		12.  £2.2926	12.  237,285
d)	Aggregated information -  Aggregated volume -  Price	N/A (Single Transaction)
e)	Date of the transaction	12 August 2020
f)	Place of the transaction	London Stock Exchange, XLON

SBP Awards (Restricted and Conditional)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.  Nigel Wilson 2.  Jeff Davies 3.  Kerrigan Procter 4.  Michelle Scrimgeour 5.  Simon Gadd 6.  John Godfrey 7.  Emma Hardaker-Jones 8.  Bernard Hickman 9.  Chris Knight 10.  Stephen Licence 11.  Laura Mason 12.  Geoffrey Timms
2	Reason for the notification
a)	Position/status	1.  Group Chief Executive Officer/ Director 2.  Group Chief Financial Officer/Director 3.  Chief Executive Officer, Legal & General Capital/Director 4.  Chief Executive Officer, Legal & General Investment Management/PDMR 5.  Group Chief Risk Officer/PDMR 6.  Corporate Affairs Director/PDMR 7.  Group HR Director/PDMR 8.  Chief Executive Officer, Legal & General Insurance/PDMR 9.  Chief Executive Officer, Legal & General Retirement, Retail/PDMR 10.  Group Chief Internal Auditor/PDMR 11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR 12.  Group General Counsel and Company Secretary/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.  SBP conditional shares award for the directors (1 to 4) listed in 1a above 2.  SBP restricted shares award for the PDMRs (5 to 12) listed in 1a above
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  £2.3287	1.  277,497
		2.  £2.3287	2.  163,720
		3.  £2.3287	3.  151,717
		4.  £2.3287	4.  79,831
		5.  £2.3287	5.  55,825
		6.  £2.3287	6.  32,099
		7.  £2.3287	7.  40,398
		8.  £2.3287	8.  64,242
		9.  £2.3287	9.  73,754
		10.  £2.3287	10.  37,274
		11.  £2.3287	11.  115,667
		12.  £2.3287	12.  66,293
d)	Aggregated information -  Aggregated volume -  Price	N/A (Single Transaction)
e)	Date of the transaction	12 August 2020
f)	Place of the transaction	London Stock Exchange, XLON

12 August 2020

Daniella Newson

Assistant Company Secretary

Legal & General Group Plc

Tel: [phone]

 

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