Director/PDMR Shareholding

RNS Number : 6507W
Legal & General Group Plc
18 April 2023
 

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 article 19 of the UK Market Abuse Regulation ("UK MAR") relates to the exercise of awards granted on 16 April 2018 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP).

The performance conditions attached to the options granted under the PSP in 2018 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2020. The number of options that vested were then subject to a two year holding period that ended on 16 April 2023 when the options became exercisable.  The options must be exercised by the seventh anniversary of the date of the grant.

Name

Director/ PDMR

Number of shares awarded on
16 April 2018

Number of shares exercised on 16 April 2023

Shares sold to cover tax and social security

Shares retained by individual

Laura Mason

PDMR

41,027

41,027

19,283

21,744

 

 

 

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 Capital/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 2018 award of nil cost options over 41,027 shares.

2.  Sale of 19,283 shares to cover tax and dealing costs (21,744 shares retained).

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.  Nil cost

1.  41,027

2.  £2.501

2.  19,283

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  41,027

1.  £0.00




2.  Price

2.  Volume

2.  Total

2.  £2.501

2.  19,283

2.  £48,226.78

e)

Date of the transaction

16 April 2023

f)

Place of the transaction

London Stock Exchange, XLON

 

 

18 April 2023

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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