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Legal & GeneralAnnouncement

15/07/2015 13:15

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RNS Number : 4279K
Legal & General Group Plc
16 April 2015 
 
Legal & general group plc 
 
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibilities (PDMRs) and Connected Persons 
 
This announcement replaces the announcement made on 15 April 2015 at 3.15pm. 
 
The Legal & General Group 2010 Share Bonus Plan (SBP) and The Legal & General
Group Plc Performance Share Plan 2014 (PSP) 
 
On 15 April 2015 Legal & General Group Plc (the Company) received notification
that on 14 April 2015 the Directors and PDMRs named below were awarded
restricted shares at a price of 285.87p per ordinary share under the terms of
the SBP.  The restricted period in respect of the SBP awards will end on 14
April 2018. 
 
On 15 April 2015 the Company also received notification that on 14 April 2015
the Directors and PDMRs named below had been awarded a nil cost option over
ordinary shares of 2.5p under the terms of the PSP at an award price of
284.74p. 
 
The performance period in respect of the PSP award will end on 31 December
2017. 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 2017 annual results. One third of the vested options will be
exercisable immediately with the second third becoming available after the
announcement of the 2018 results and the remaining third after the
announcement of the 2019 results.  Options must be exercised by the seventh
anniversary of the date of grant. 
 
 Name              Director/PDMR  Number of SBP Shares Awarded  Number of PSP Shares Awarded  
 Mark Gregory      Director       126,966                       504,846                       
 Mark Zinkula      Director       133,987                       504,846                       
 Nigel Wilson      Director       195,058                       755,074                       
 John Pollock      Director       124,675                       -                             
 Paul Stanworth    PDMR           55,794                        167,521                       
 Gene Gilbertson   PDMR           14,179                        -                             
 Kerrigan Procter  PDMR           77,063                        199,129                       
 
 
This disclosure relates to transactions notified in accordance with DTR
3.1.4R(1)(a). 
 
These transactions took place in London. 
 
 Name of person making notification:  Jenny McCarthy  
 Contact number:                      020 3124 2149   
 Date of notification:                16 April 2015   
 
 
This information is provided by RNS
The company news service from the London Stock Exchange