REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

20/03/2018 10:40

RNS Number : 2830I
Legal & General Group Plc
20 March 2018
 

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 article 19.1 of the Market Abuse Regulation ("MAR") relates to:
·      the exercise of an award granted on 11 June 2014 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP 2014); and
·      the exercise of an award granted on 14 April 2015 under the terms of the Legal & General Group Performance Share Plan 2015 (PSP 2015).
This announcement is made in accordance with Article 19.3 of MAR.
The performance conditions attached to the PSP 2014 award provide that one third of the vested options become exercisable subject to the 2016 results with the second third becoming exercisable after the announcement of the 2017 results and the remaining third after the announcement of the 2018 results.  PSP awards must be exercised by the seventh anniversary of the date of grant.
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 awards must be exercised by the seventh anniversary of the date of grant.




Name


Director/ PDMR


Number of shares awarded on 11 June 2014


Number of shares awarded on 14 April 2015


Number of shares vested on 13 March 2018


Shares sold to cover tax and social security (price £2.567)


Shares retained by individual




Mark Zinkula


Director


139,153


100,800


239,953


113,618


126,335




 




Name


Director/ PDMR


Number of shares awarded on 11 June 2014


Number of shares awarded on 14 April 2015


Number of shares vested on 18 March 2018


Shares sold to cover tax and social security (price £2.624)


Shares retained by individual




Chris Knight


PDMR


32,054


23,140


55,194


25,942


29,252




 
The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the PSP.
 
 
 
 
 
 
 
 
 
 
 
 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Mark Zinkula




2


Reason for the notification




a)


Position/status


Chief Executive Officer, Legal & General Investment Management Limited/Director




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.   Vesting/transfer of 239,953 restricted shares awarded under the terms of the PSP.
2.   Sale of 113,618 shares to cover tax and social security. The balance of 126,335 shares retained.




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




1.   Nil cost


1.   239,953




2.   £2.567


2.   113,618




d)


Aggregated information
-      Aggregated volume
-      Price


1.   Price


1.   Volume


1.   Total




1.   £0.00


1.   239,953


1.   £0.00




2.   Price


2.   Volume


2.   Total




2.   £2.567


2.   113,618


2.   £ 291,657.41




e)


Date of the transaction


13 March 2018




f)


Place of the transaction


London Stock Exchange, XLON




 
 
 
 




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Chris Knight




2


Reason for the notification




a)


Position/status


Chief Executive Officer, Legal & General Retirement, Retail/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.   Vesting/transfer of 55,194 restricted shares awarded under the terms of the PSP.
2.   Sale of 25,942 shares to cover tax and social security. The balance of 29,252 shares retained.




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




1.   Nil cost


1.   55,194




2.   £2.624


2.   25,942




d)


Aggregated information
-      Aggregated volume
-      Price


1.   Price


1.   Volume


1.   Total




1.   £0.00


1.   55,194


1.   £0.00




2.   Price


2.   Volume


2.   Total




2.   £2.624


2.   25,942


2.   £68,071.81




e)


Date of the transaction


18 March 2018




f)


Place of the transaction


London Stock Exchange, XLON




 
20 March 2018
 
Olaitan Popoola
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2108        



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