REG - Legal & General Grp - Director/PDMR Shareholding
08/03/2019 17:00
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RNS Number : 3581S
Legal & General Group Plc
08 March 2019
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 exercised on 6 March 2019 Shares sold to cover tax and social security (price £2.762) Shares retained by individual
Mark Zinkula Director 147,288 147,288 0 0
Name Director/ PDMR Number of shares awarded on 11 June 2014 Number of shares awarded on 14 April 2015 Number of shares exercised on 6 March 2019 Shares sold to cover tax and social security (price £2.762) Shares retained by individual
Laura Mason PDMR 7,890 10,984 18,874 8,872 0
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/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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Exercise of PSP 2014 of nil cost options over 147,288 shares.
2. Sale of 0 shares to cover tax and dealing costs. The balance of 147,288
shares sold.
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
14
7,
28
8
2. £2.762 2.
14
7,
28
8
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 147,288 1. £0.00
2. Price 2. Volume 2. Total
2. £2.762 2. 147,288 2. £ 406,809.46
e) Date of the transaction 6 March 2019
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Laura Mason
2 Reason for the notification
a) Position/status Chief Executive Officer, Legal & General Retirement, Institutional/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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Exercise of PSP 2014 of nil cost options over 7,890 shares and exercise
of PSP 2015 of nil cost options over 10,984 shares.
2. Sale of 8,872 shares to cover tax and dealing costs. The balance of
10,002 shares sold.
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
18
,8
74
2. £2.762 2.
18
,8
74
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 18,874 1. £0.00
2. Price 2. Volume 2. Total
2. £2.762 2. 18,874 2. £ 52,129.99
e) Date of the transaction 6 March 2019
f) Place of the transaction London Stock Exchange, XLON
8 March 2019
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 (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
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