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Legal & GeneralAnnouncement

06/09/2014 02:16

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RNS Number : 4603J
Legal & General Group Plc
12 June 2014 
 
Legal & general group plc 
 
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibilities (PDMRs) and Connected Persons 
 
The Legal & General Group Plc Performance Share Plan 2014 (PSP) 
 
On 11 June 2014 Legal & General Group Plc (the Company) received notification
that 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
233.42p. 
 
The performance period in respect of the PSP award will end on 31 December
2016. 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 2016 annual results. One third of the vested options will be
exercisable immediately with the second third becoming available after the
announcement of the 2017 results and the remaining third after the
announcement of the 2018 results.  Options must be exercised by the seventh
anniversary of the date of grant. 
 
 Name              Director/PDMR  Total PSP shares  
 Nigel Wilson      Director       878,245           
 Mark Gregory      Director       599,777           
 John Pollock      Director       599,777           
 Mark Zinkula      Director       599,777           
 Kerrigan Procter  PDMR           174,792           
 Paul Stanworth    PDMR           154,228           
 
 
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:  Claire Singleton  
 Contact number:                      020 3124 2149     
 Date of notification:                12 June 2014      
 
 
This information is provided by RNS
The company news service from the London Stock Exchange