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Legal & General Grp (LGEN)

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Wednesday 20 April, 2022

Legal & General Grp

Director/PDMR Shareholding

RNS Number : 8016I
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

 

The following notification made under article 19.1 and 19.3 of the UK Market Abuse Regulation ("UK MAR") relates to the vesting of conditional and restricted shares awarded on 16 April 2019. These shares vested on 16 April 2022 and were released under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP), in respect of the Directors below. Under the plan provisions, the default of selling sufficient shares to cover tax liabilities and retention of the remaining shares is applied if no election is received from participants.

 

 

Name

Director/ PDMR

Number of shares awarded on 16 April 2019

Number of shares vested on
16 April 2022

 

Shares sold to cover tax and social security at a price of £2.744

Remaining shares sold at a share price of £2.744

Shares retained
by individual

Nigel Wilson

Director

239,777

239,777

115,693

124,084

0

Jeff Davies

Director

136,838

136,838

66,025

0

70,813

Kerrigan Procter

PDMR

132,945

132,945

64,146

0

68,799

Emma Hardaker-Jones

PDMR

30,733

30,733

14,830

15,903

0

Chris Knight

PDMR

63,914

63,914

30,839

0

33,075

Geoffrey Timms

PDMR

38,385

38,385

18,521

0

19,864

Stephen Licence

PDMR

27,485

27,485

13,262

0

14,223

John Godfrey

PDMR

15,783

15,783

7,616

0

8,167

Catherine Mason

PDMR

78,052

78,052

37,661

0

40,391

Bernard Hickman

PDMR

37,753

37,753

18,216

0

19,537

 

The following notification also relates to the exercise of awards granted on 18 April 2017 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 provided that the award vested, 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.

Name

Director/ PDMR

Number of shares awarded on
18 April 2017

Number of shares exercised on 14 April 2022

Shares sold to cover tax and social security at a share price of £2.744

Remaining shares sold at a share price of £2.744

Shares retained by individual

Nigel Wilson

Director

306,024

306,024

147,657

158,367

0

 

 

 

 

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.  Vesting of SBP Award over 239,777 shares.

2.  Sale of 239,777 shares, of which 115,693 shares sold to cover tax (no shares retained) .

3.  Exercise of PSP 2017 award of nil cost options over 306,024 shares.

4.  Sale of 306,024 shares, of which 147,657 shares sold to cover tax and dealing costs (no shares retained).

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  239,777

2.  £2.744

2.  239,777



3.  £0.00

3.  306,024



4.  £2.744

4.  306,024

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  239,777

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  239,777

2.  £657,948.09



3.  Price

3.  Volume

3.  Total



3.  £0.00

3.  306,024

3.  £0.00



4.  Price

4.  Volume

4.  Total



4.  £2.744

4.  306,024

4.  £839,729.86

e)

Date of the transaction

1.  16 April 2022

2.  16 April 2022

3.  14 April 2022

4.  14 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

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.  Vesting of SBP Award over 136,838 shares.

2.  Sale of 66,025 shares to cover tax and social security. The balance of 70,813 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  136,838

2.  £2.744

2.  66,025

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  136,838

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  66,025

2.  £181,172.60

e)

Date of the transaction

16 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kerrigan Procter

2

Reason for the notification

a)

Position/status

President of Asia-Pacific/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.  Vesting of SBP Award over 132,945 shares.

2.  Sale of 64,146 shares to cover tax and social security. The balance of 68,799 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  132,945

2.  £2.744

2.  64,146

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  132,945

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  64,146

2.  £176,016.62

e)

Date of the transaction

16 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

  Emma Hardaker-Jones

2

Reason for the notification

a)

Position/status

Group HR Director/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.  Vesting of SBP Award over 30,733 shares.

2.  Sale of 30,733 shares, of which 14,830 were sold to cover tax (no shares retained).

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  30,733

2.  £2.744

2.  30,733

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  30,733

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  30,733

2.  £84,331.35

e)

Date of the transaction

16 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Knight

2

Reason for the notification

a)

Position/status

Group Chief Risk Officer/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.  Vesting of SBP Award over 63,914 shares.

2.  Sale of 30,839 shares to cover tax and social security. The balance of 33,075 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  63,914

2.  £2.744

2.  30,839

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  63,914

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  30,839

2.  £84,622.22

e)

Date of the transaction

16 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Geoffrey Timms

2

Reason for the notification

a)

Position/status

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.  Vesting of SBP Award over 38,385 shares.

2.  Sale of 18,521 shares to cover tax and social security. The balance of 19,864 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  38,385

2.  £2.744

2.  18,521

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  38,385

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  18,521

2.  £50,821.62

e)

Date of the transaction

16 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

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.  Vesting of SBP Award over 27,485 shares.

2.  Sale of 13,262 shares to cover tax and social security. The balance of 14,223 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  27,485

2.  £2.744

2.  13,262

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  27,485

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  13,262

2.  £36,390.93

e)

Date of the transaction

16 April 2022

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

Corporate Affairs Director/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.  Vesting of SBP Award over 15,783 shares.

2.  Sale of 7,616 shares to cover tax and social security. The balance of 8,167 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  15,783

2.  £2.744

2.  7,616

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  15,783

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  7,616

2.  £20,898.30

e)

Date of the transaction

16 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Catherine 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.  Vesting of SBP Award over 78,052 shares.

2.  Sale of 37,661 shares to cover tax and social security. The balance of 40,391 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  78,052

2.  £2.744

2.  37,661

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  78,052

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  37,661

2.  £103,341.78

e)

Date of the transaction

16 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Bernard Hickman

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Legal & General Retail/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.  Vesting of SBP Award over 37,753 shares.

2.  Sale of 18,216 shares to cover tax and social security. The balance of 19,537 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  37,753

2.  £2.744

2.  18,216

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  37,753

1.  £0.00

2.  Price

2.  Volume

2.  Total

2.  £2.744

2.  18,216

2.  £49,984.70

e)

Date of the transaction

16 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:  020 3124 2102

 

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