Director/PDMR Shareholding

RNS Number : 9650W

Legal & General Group Plc

20 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 18 April 2017 and 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 2017 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2019, with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2020 results and the remaining third after the announcement of the 2021 results. The options must be exercised by the seventh anniversary of the date of the grant.

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 18 April 2017	Number of shares awarded on 16 April 2018	Number of shares exercised on 18 April 2023	Number of shares exercised on 19 April 2023	Shares sold to cover tax and social security	Shares retained by individual
Stephen Licence	PDMR	25,990	20,409	-	46,399	21,809	24,590
John Godfrey	PDMR	-	29,589	29,589	-	13,907	15,682
Nigel Wilson	Director	-	240,105	-	240,105	112,850	127,255

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Licence
2	Reason for the notification
a)	Position/status	Group Chief Internal Auditor/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 2017 award of nil cost options over 25,990 shares. 2.  Sale of 12,216 shares to cover tax and dealing costs for exercise of PSP 2017 award ( 13,774 shares retained). 3.  Exercise of PSP 2018 award of nil cost options over 20,409 shares. 4.  Sale of 9,593 shares to cover tax and dealing costs for exercise of PSP 2018 award ( 10,816 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  25,990
		2.  £2.533	2.  12,216
		3.  Nil cost	3.  20,409
		4.  £2.533	4.  9,593
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  25,990	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.533	2.  12,216	2.  £30,943.13
		3.  Price	3.  Volume	3.  Total
		3.  £0.00	3. 20,409	3. £0.00
		4.  Price	4.  Volume	4.  Total
		4.  £2.533	4.  9,593	4.  £24,299.07
e)	Date of the transaction	19 April 2023
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Godfrey
2	Reason for the notification
a)	Position/status	Director of Levelling Up/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 29,589 shares. 2.  Sale of 13,907 shares to cover tax and dealing costs ( 15,682 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  29,589
		2.  £2.524	2.  13,907
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  29,589	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.524	2.  13,907	2.  £35,101.27
e)	Date of the transaction	18 April 2023
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nigel Wilson
2	Reason for the notification
a)	Position/status	Group Chief Executive Officer/Director
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 240,105 shares. 2.  Sale of 112,850 shares to cover tax and dealing costs ( 127,255 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  240,105
		2.  £2.533	2.  112,850
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  240,105	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.533	2.  112,850	2.  £285,849.05
e)	Date of the transaction	19 April 2023
f)	Place of the transaction	London Stock Exchange, XLON

20 April 2023

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

Tel: [phone]

 

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