REG - Legal & General Grp - Director/PDMR Shareholding <Origin Href="QuoteRef">LGEN.L</Origin>

Legal & GeneralAnnouncement

18/04/2017 17:30

RNS Number : 6428C
Legal & General Group Plc
18 April 2017
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
On 18 April 2017 Legal & General Group Plc (the Company) received notification that on that day the Directors and PDMRs named below were awarded restricted shares at a price of 249.5p per ordinary share under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP). The restricted period in respect of the SBP awards will end on 18 April 2020. 
On 18 April 2017 the Company also received notification that on that day the Directors and PDMRs named below had been awarded a nil cost option over ordinary shares of 2.5p under the terms of the Legal & General Group Performance Share Plan 2014 ("PSP") at an award price of 248.2p.
The performance period in respect of the PSP award will end on 31 December 2019. 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 2019 annual results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2020results and the remaining third after the announcement of the 2021 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
Nigel Wilson
Director
233,894
915,444
Mark Zinkula
Director
166,682
629,934
Jeff Davis
Director
-
503,544
Kerrigan Procter
Director
120,201
478,367
Paul Stanworth
PDMR
60,120
212,093
Bernie Hickman
PDMR
23,547
199,403
The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the SBP.

Details of the person discharging managerial responsibilities/person closely associated
a)
Name
1. Nigel Wilson
2. Mark Zinkula
3. Kerrigan Procter
4. Paul Stanworth
5. Bernie Hickman
2
Reason for the notification
a)
Position/status
1. Group Chief Executive/Director 
2. Chief Executive Officer, Legal & General Investment Management/Director
3. Chief Executive Officer, Legal & General Retirement/Director
4. Managing Director, Legal & General Capital/PDMR
5. Chief Executive Officer, Legal & General Insurance/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
SBP restricted shares award
c)
Price(s) and volume(s)
 Price(s)
 Volume(s)
1. 2.495
1. 233,894
2. 2.495
2. 166,682
3. 2.495
3. 120,201
4. 2.495
4. 60,120
5. 2.495
5. 23,547
d)
Aggregated information
- Aggregated volume
- Price
N/A (Single Transaction)
e)
Date of the transaction
18 April 2017
f)
Place of the transaction
London Stock Exchange, XLON
The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the Legal & General Group Performance Share Plan 2014 (PSP).

Details of the person discharging managerial responsibilities/person closely associated
a)
Name
1. Nigel Wilson
2. Mark Zinkula
3. Jeff Davis
4. Kerrigan Procter
5. Paul Stanworth
6. Bernie Hickman
2
Reason for the notification
a)
Position/status
1. Group Chief Executive/Director 
2. Chief Executive Officer, Legal & General Investment Management /Director
3. Chief Financial Officer/Director
4. Chief Executive Officer, Legal & General Retirement/Director
5. Managing Director, Legal & General Capital/PDMR
6. Chief Executive Officer, Legal & General Insurance/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 shares award
c)
Price(s) and volume(s)
 Price(s)
 Volume(s)
1. 2.482
1. 915,444
2. 2.482
2. 629,934
3. 2.482
3. 503,544
4. 2.482
4. 478,367
5. 2.482
5. 212,093
6. 2.482
6. 199,403
d)
Aggregated information
- Aggregated volume
- Price
N/A (Single Transaction)
e)
Date of the transaction
18 April 2017
f)
Place of the transaction
London Stock Exchange, XLON
18 April 2017
Helen Baker
Deputy Company Secretary
Legal & General Group Plc
Tel: 020 3124 2139

This information is provided by RNS
The company news service from the London Stock Exchange
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