REG - Legal & General Grp - Director/PDMR Shareholding
RNS Number : 8820OLegal & General Group Plc03 June 2020Legal & 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 Market Abuse Regulation ("MAR") relates to the vesting of conditional and restricted shares awarded on 18 July 2019. These shares vested on 31 May 2020 and were released under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP), in respect of the Director 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.
Number of shares vested on 31 May 2020
Shares sold to cover tax (price £1.9850)
Shares retained by individual
74,162
36,396
37,766
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Michelle Scrimgeour
2
Reason for the notification
a)
Position/status
Chief Executive Officer, Legal & General Investment Management/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 SBP Award of options over 74,162 shares
2. Sale of 36,396 shares to cover tax and social security. The balance of 37,766 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 74,162
2. £1.9850
2. 36,396
d)
Aggregated information
- Aggregated volume
- Price
1 Price
1 Volume
1 Total
1 £0.00
1 74,162
1 £0.00
2 Price
2 Volume
2 Total
2 £1.9850
2 36,396
2 £72,246.06
e)
Date of the transaction
31 May 2020
f)
Place of the transaction
London Stock Exchange, XLON
03 June 2020
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHQXLFBBQLFBBE
Recent news on Legal & General
See all newsREG - Legal&Gen Inv Mgmnt Barratt Devlpmnts. - Form 8.3 - Barratt Developments plc
AnnouncementREG - Legal&Gen Inv Mgmnt Barratt Devlpmnts. - Form 8.3 - Barratt Developments plc
AnnouncementREG - Legal&Gen UCITS ETF - Launch of New Sub-Fund
AnnouncementREG - Legal&Gen Inv Mgmnt Barratt Devlpmnts. - Form 8.3 - Barratt Developments plc
AnnouncementREG - Legal&Gen Inv Mgmnt Barratt Devlpmnts. - Form 8.3 - Barratt Developments plc
Announcement