Director/PDMR Shareholding

RNS Number : 8014I

Legal & General Group Plc

20 April 2022

 

Legal & general group plc

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

On 19 April 2022 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 £2.7112. 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 19 April 2027. 

The performance period in respect of the PSP award will end on 31 December 2024. 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 2024 annual results. Options must be exercised by the seventh anniversary of the date of grant.

On 19 April 2022 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 £2.72 per ordinary share under the terms of the Share Bonus Plan ("SBP"). All SBP awards vest on 19 April 2025.  

Name	Director/ PDMR	Number of PSP options awarded on 19 April 2022 at a price of £2.7112	Number of SBP Conditional Shares awarded on 19 April 2022 at a price of £2.72	Number of SBP Restricted Shares awarded on 19 April 2022 at a price of £2.72
Nigel Wilson	Director	948,380	255,220	-
Jeff Davies	Director	582,767	149,981	-
Kerrigan Procter	PDMR	502,544	-	140,257
Michelle Scrimgeour	PDMR	576,313	-	136,286
John Godfrey	PDMR	118,508	-	28,676
Emma Hardaker-Jones	PDMR	194,747	-	43,658
Bernard Hickman	PDMR	276,630	-	65,312
Chris Knight	PDMR	195,928	-	56,985
Stephen Licence	PDMR	88,521	-	32,941
Catherine Mason	PDMR	392,123	-	128,676
Andrew Kail	PDMR	542,195	-	124,136
Geoffrey Timms	PDMR	210,681	-	51,011

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.  John Godfrey 6.  Emma Hardaker-Jones 7.  Bernard Hickman 8.  Chris Knight 9.  Stephen Licence 10.  Catherine Mason 11.  Andrew Kail 12.  Geoffrey Timms
2	Reason for the notification
a)	Position/status	1.  Group Chief Executive Officer/Director 2.  Group Chief Financial Officer/Director 3.  President of Asia-Pacific/PDMR 4.  Chief Executive Officer, Legal & General Investment Management/PDMR 5.  Corporate Affairs Director/PDMR 6.  Group HR Director/PDMR 7.  Chief Executive Officer, Legal & General Retail/PDMR 8.  Group Chief Risk Officer/PDMR 9.  Group Chief Internal Auditor/PDMR 10.  Chief Executive Officer, Legal & General Capital/PDMR 11.  Chief Executive Officer, Legal & General Institutional Retirement/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.  £2.7112	1.  948,380
		2.  £2.7112	2.  582,767
		3.  £2.7112	3.  502,544
		4.  £2.7112	4.  576,313
		5.  £2.7112	5.  118,508
		6.  £2.7112	6.  194,747
		7.  £2.7112	7.  276,630
		8.  £2.7112	8.  195,928
		9.  £2.7112	9.  88,521
		10.  £2.7112	10.  392,123
		11.  £2.7112	11.  542,195
		12.  £2.7112	12.  210,681
d)	Aggregated information -  Aggregated volume -  Price	N/A (Single Transaction)
e)	Date of the transaction	19 April 2022
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.  John Godfrey 6.  Emma Hardaker-Jones 7.  Bernard Hickman 8.  Chris Knight 9.  Stephen Licence 10.  Catherine Mason 11.  Andrew Kail 12.  Geoffrey Timms
2	Reason for the notification
a)	Position/status	1.  Group Chief Executive Officer/Director 2.  Group Chief Financial Officer/Director 3.  President of Asia-Pacific/PDMR 4.  Chief Executive Officer, Legal & General Investment Management/PDMR 5.  Corporate Affairs Director/PDMR 6.  Group HR Director/PDMR 7.  Chief Executive Officer, Legal & General Retail/PDMR 8.  Group Chief Risk Officer/PDMR 9.  Group Chief Internal Auditor/PDMR 10.  Chief Executive Officer, Legal & General Capital/PDMR 11.  Chief Executive Officer, Legal & General Institutional Retirement/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 listed in 1a above 2.  SBP r estricted shares award for the PDMRs listed in 1a above
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  £2.72	1.  255,220
		2.  £2.72	2.  149,981
		3.  £2.72	3.  140,257
		4.  £2.72	4.  136,286
		5.  £2.72	5.  28,676
		6.  £2.72	6.  43,658
		7.  £2.72	7.  65,312
		8.  £2.72	8.  56,985
		9.  £2.72	9.  32,941
		10.  £2.72	10.  128,676
		11.  £2.72	11.  124,136
		12.  £2.72	12.  51,011
d)	Aggregated information -  Aggregated volume -  Price	N/A (Single Transaction)
e)	Date of the transaction	19 April 2022
f)	Place of the transaction	London Stock Exchange, XLON

20 April 2022

Andrew Fairhurst

Director of Company Secretarial

Legal & General Group Plc

Tel: [phone]

 

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