Director/PDMR Shareholding

RNS Number : 6093F

Legal & General Group Plc

10 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.

Name	Director/ PDMR	Number of PSP shares granted on 18 April 2017	Number of PSP shares vested on 6 March 2020	Number of PSP shares exercised on 9 March 2020	Total shares sold to cover tax/NI	Shares released to Corporate Sponsored Nominee
Jeff Davies	Director	503,544	437,579	145,859	68,554	77,305

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jeff Davies
2	Reason for the notification
a)	Position/status	Group Chief Financial 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 2014 award of nil cost options over 145,859 shares . 2.  Sale of shares to cover tax/NI .
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  145,859
		2.  £2.180	2.  68,554
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  145,859	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.180	2.  68,554	2 .  £149,447.72
e)	Date of the transaction	9 March 2020
f)	Place of the transaction	London Stock Exchange, XLON

10 March 2020

Daniella Newson

Assistant Company Secretary

Legal & General Group Plc

Tel: [phone]

 

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