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Last Trade - 23/09/20

Sector
Financials
Size
Large Cap
Market Cap £10.63bn
Enterprise Value £-5.19bn
Revenue £35.00bn
Position in Universe 92nd / 1809

Legal & General Grp - Director/PDMR Shareholding

Wed 12th August, 2020 5:00pm
RNS Number : 9628V
Legal & General Group Plc
12 August 2020
 

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

On 12 August 2020 Legal & General Group Plc (the "Company") received notification that on that day the Directors and PDMRs named below had been awarded nil cost options over ordinary shares of 2.5p under the terms of the Performance Share Plan ("PSP") at an award price of £2.2926. All PSP awards will vest, subject to satisfaction of the performance conditions, after three years but the participants will not be able to exercise the options before 12 August 2025. 

The performance period in respect of the PSP award will end on 31 December 2022. The performance conditions attached to the PSP award will then be tested and the vesting percentage confirmed after the announcement of the Legal & General's 2022 annual results. Options must be exercised by the seventh anniversary of the date of grant.

On 12 August 2020 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares or restricted shares at a price of £2.3287 per ordinary share under the terms of the Share Bonus Plan ("SBP"). All SBP awards vest on 14 April 2023.  

Name

Director/ PDMR

Number of PSP options awarded on 12 August 2020 at a price of £2.2926

Number of SBP Conditional Shares awarded on 12 August 2020 at a price of £2.3287

Number of SBP Restricted Shares awarded on 12 August 2020 at a price of £2.3287

Nigel Wilson

Director

1,068,110

277,497

-

Jeff Davies

Director

643,374

163,720

-

Kerrigan Procter

Director

594,303

151,717

-

Michelle Scrimgeour

Director

648,826

79,831

-

Simon Gadd

PDMR

266,945

-

55,825

John Godfrey

PDMR

133,429

-

32,099

Emma Hardaker-Jones

PDMR

209,369

-

40,398

Bernard Hickman

PDMR

243,391

-

64,242

Chris Knight

PDMR

195,411

-

73,754

Stephen Licence

PDMR

97,705

-

37,274

Laura Mason

PDMR

333,682

-

115,667

Geoffrey Timms

PDMR

237,285

-

66,293

 

 

PSP Awards

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.   Nigel Wilson

2.   Jeff Davies

3.   Kerrigan Procter

4.   Michelle Scrimgeour

5.   Simon Gadd

6.   John Godfrey

7.   Emma Hardaker-Jones

8.   Bernard Hickman

9.   Chris Knight

10.  Stephen Licence

11.  Laura Mason

12.  Geoffrey Timms

 

 

2

Reason for the notification

a)

Position/status

1.   Group Chief Executive Officer/ Director

2.   Group Chief Financial Officer/Director

3.   Chief Executive Officer, Legal & General Capital/Director

4.   Chief Executive Officer, Legal & General Investment Management/PDMR

5.   Group Chief Risk Officer/PDMR

6.   Corporate Affairs Director/PDMR

7.   Group HR Director/PDMR

8.   Chief Executive Officer, Legal & General Insurance/PDMR

9.   Chief Executive Officer, Legal & General Retirement, Retail/PDMR

10.  Group Chief Internal Auditor/PDMR

11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR

12.  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

PSP options award for the directors/PDMRs listed in 1a above 

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.   £2.2926

1.   1,068,110

2.   £2.2926

2.   643,374



3.   £2.2926

3.   594,303



4.   £2.2926

4.   648,826



5.   £2.2926

5.   266,945



6.   £2.2926

6.   133,429



7.   £2.2926

7.   209,369



8.   £2.2926

8.   243,391



9.   £2.2926

9.   195,411



10.  £2.2926

10.  97,705



11.  £2.2926

11.  333,682



12.  £2.2926

12.  237,285

d)

Aggregated information

-      Aggregated volume

-      Price

 N/A (Single Transaction)

e)

Date of the transaction

12 August 2020

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

SBP Awards (Restricted and Conditional)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.   Nigel Wilson

2.   Jeff Davies

3.   Kerrigan Procter

4.   Michelle Scrimgeour

5.   Simon Gadd

6.   John Godfrey

7.   Emma Hardaker-Jones

8.   Bernard Hickman

9.   Chris Knight

10.  Stephen Licence

11.  Laura Mason

12.  Geoffrey Timms

 

 

2

Reason for the notification

a)

Position/status

1.   Group Chief Executive Officer/ Director

2.   Group Chief Financial Officer/Director

3.   Chief Executive Officer, Legal & General Capital/Director

4.   Chief Executive Officer, Legal & General Investment Management/PDMR

5.   Group Chief Risk Officer/PDMR

6.   Corporate Affairs Director/PDMR

7.   Group HR Director/PDMR

8.   Chief Executive Officer, Legal & General Insurance/PDMR

9.   Chief Executive Officer, Legal & General Retirement, Retail/PDMR

10.  Group Chief Internal Auditor/PDMR

11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR

12.  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.   SBP conditional shares award for the directors (1 to 4) listed in 1a above

2.   SBP restricted shares award for the PDMRs (5 to 12) listed in 1a above

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.   £2.3287

1.   277,497

2.   £2.3287

2.   163,720



3.   £2.3287

3.   151,717



4.   £2.3287

4.   79,831



5.   £2.3287

5.   55,825



6.   £2.3287

6.   32,099



7.   £2.3287

7.   40,398



8.   £2.3287

8.   64,242



9.   £2.3287

9.   73,754



10.  £2.3287

10.  37,274



11.  £2.3287

11.  115,667



12.  £2.3287

12.  66,293

d)

Aggregated information

-      Aggregated volume

-      Price

 N/A (Single Transaction)

e)

Date of the transaction

12 August 2020

f)

Place of the transaction

London Stock Exchange, XLON

 

 

12 August 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.
 
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