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Legal & General Grp (LGEN)

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Tuesday 26 April, 2022

Legal & General Grp

Director/PDMR Shareholding

RNS Number : 4052J
Legal & General Group Plc
26 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 articles 19.1 and 19.3 of the UK Market Abuse Regulation ("UK MAR") 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
20 April 2022

Shares sold to cover tax and social security at a share price of £2.778

Shares retained by individual

Kerrigan Procter

PDMR

159,913

159,913

77,159

82,754

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kerrigan Procter

2

Reason for the notification

a)

Position/status

President 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.  Exercise of PSP 2017 award of nil cost options over 159,913 shares.

2.  Sale of 77,159 shares to cover tax and dealing costs (82,754 shares retained).

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.  Nil cost

1.  159,913

2.  £2.778

2.  77,159

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1.  Volume

1.  Total

1.  £0.00

1.  159,913

1.  £0.00




2.  Price

2.  Volume

2.  Total

2.  £2.778

2.  77,159

2.  £214,347.70

e)

Date of the transaction

20 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

26 April 2022

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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