REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

06/08/2020 17:00

RNS Number : 4105V
  
Legal & General Group Plc
  
06 August 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 14 April 2015 under the terms of the Legal & General Group Performance Share Plan 2015 (PSP 2015); and
·      the exercise of an award granted on 21 April 2016 under the terms of the Legal & General Group Performance Share Plan 2016 (PSP 2016).
The performance conditions attached to the PSP 2015 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2017 with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2018 results and the remaining third after the announcement of the 2019 results. PSP 2015 options must be exercised by the seventh anniversary of the date of grant.
The performance conditions attached to the PSP 2016 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2018 with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2019 results and the remaining third after the announcement of the 2020 results. PSP 2016 options must be exercised by the seventh anniversary of the date of grant.




Name


Director/ PDMR


Number of shares awarded on 14 April 2015


Number of shares awarded on 21 April 2016


Number of shares exercised on 5 August 2020


Shares sold to cover tax and social security 


Shares retained by individual




John Godfrey


PDMR


9,900
 


3,376
 


13,276
 


6,240
 


7,036
 




 
 
 




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.   Exercise of PSP 2015 award of nil cost options over 9,900 shares and exercise of PSP 2016 award of nil cost options over 3,376 shares.
2.   Sale of 6,240 shares to cover tax and dealing costs (7,036 shares retained).




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




1.   Nil cost


1.   13,276




2.   £2.230


2.   6,240




d)


Aggregated information
-      Aggregated volume
-      Price


1.   Price


1.   Volume


1.   Total




1.   £0.00


1.   13,276


1.   £0.00




 


 


 




2.   Price


2.   Volume


2.   Total




2.   £2.230


2.   6,240


2.   £13,915.20




e)


Date of the transaction


05 August 2020




f)


Place of the transaction


London Stock Exchange, XLON




 
06 August 2020
 
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
 


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