REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

09/05/2019 17:00

RNS Number : 5708Y
Legal & General Group Plc
09 May 2019
 


Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
 
On 16 April 2019 Legal & General Group Plc (the "Company") received notification that on that day the Directors and PDMRs named below had been awarded nil cost options over ordinary shares of 2.5p under the terms of the PSP at an award price of £2.8544. All PSP awards will vest, subject to satisfaction of the performance conditions, after three years but the participants will not be able to exercise the options until two years after vesting. 
The performance period in respect of the PSP award will end on 31 December 2021. 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 2021 annual results. Options must be exercised by the seventh anniversary of the date of grant.
On 16 April 2019 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares, restricted shares  or a combined award of CSOP options and restricted shares at a price of £2.867 per ordinary share under the terms of the SBP ("SBP 2019"). All SBP awards vest on 16 April 2022.  



Name


Director/ PDMR


Number of PSP options awarded on 16 April 2019 at a price of £2.8544


Number of SBP Conditional Shares awarded on 16 April 2019 at a price of £2.867


Number of SBP Restricted Shares awarded on 16 April 2019 at a price of £2.867


Number of CSOP & SBP Restricted Shares awarded on 16 April 2019 at a price of £2.867




Nigel Wilson


Director


828,107


194,979


-


-




Jeff Davies


Director


486,091


111,272


-


-




Kerrigan Procter


Director


459,816


108,107


-


-




Mark Zinkula


Director


-


121,306


-


-




Cheryl Agius


PDMR


125,840


-


54,178


-




Simon Gadd


PDMR


204,946


-


40,913


-




John Godfrey


PDMR


103,979


-


15,783


-




Emma Hardaker-Jones


PDMR


156,109


-


24,672


6,061




Bernard Hickman


PDMR


189,181


-


37,753


-




Chris Knight


PDMR


147,141


-


63,914


-




Stephen Licence


PDMR


76,022


-


27,485


-




Laura Mason


PDMR


220,711


-


78,052


-




Claire Singleton


PDMR


95,641


-


-


-




Geoffrey Timms


PDMR


184,977


-


38,385


-



 
 
PSP Awards
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


1.   Nigel Wilson
2.   Jeff Davies
3.   Kerrigan Procter
4.   Cheryl Agius
5.   Simon Gadd
6.   John Godfrey
7.   Emma Hardaker-Jones
8.   Bernard Hickman
9.   Chris Knight
10.  Stephen Licence
11.  Laura Mason
12.  Claire Singleton
13.  Geoffrey Timms
 
 




2


Reason for the notification




a)


Position/status


1.   Group Chief Executive Officer/ Director
2.   Group Chief Financial Officer/Director
3.   Chief Executive Officer, Legal & General Capital/Director
4.   Chief Executive Officer, General Insurance /PDMR
5.   Group Chief Risk Officer/PDMR
6.   Corporate Affairs Director/PDMR
7.   Group Human Resources Director/PDMR
8.   Chief Executive Officer Legal & General Insurance/PDMR
9.   Chief Executive Officer, Legal & General Retirement, Retail/PDMR
10.  Group Chief Internal Auditor/PDMR
11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR
12.  Chief Executive Officer, Mature Savings/ PDMR
13.  Group General Counsel and Company Secretary/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 options award for the directors/ PDMRs listed in 1a above 
 




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




1.   £2.8544


1.   828,107




2.   £2.8544


2.   486,091












3.   £2.8544


3.   459,816












4.   £2.8544


4.   125,840












5.   £2.8544


5.   204,946












6.   £2.8544


6.   103,979












7.   £2.8544


7.   156,109












8.   £2.8544


8.   189,181












9.   £2.8544


9.   147,141












10.  £2.8544


10.  76,022












11.  £2.8544


11.  220,711












12.  £2.8544


12.  95,641












13.  £2.8544


13.  184,977




d)


Aggregated information
-      Aggregated volume
-      Price


 N/A (Single Transaction)




e)


Date of the transaction


16 April 2019




f)


Place of the transaction


London Stock Exchange, XLON



 
 
 
SBP Awards (Restricted and Conditional)
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


1.   Nigel Wilson
2.   Jeff Davies
3.   Kerrigan Procter
4.   Mark Zinkula
5.   Cheryl Agius
6.   Simon Gadd
7.   John Godfrey
8.   Emma Hardaker-Jones
9.   Bernard Hickman
10.  Chris Knight
11.  Stephen Licence
12.  Laura Mason
13.  Geoffrey Timms
 
 




2


Reason for the notification




a)


Position/status


1.   Group Chief Executive Officer/ Director
2.   Group Chief Financial Officer/Director
3.   Chief Executive Officer, Legal & General Capital/Director
4.   Chief Executive Officer, Legal & General Investment Management Limited/Director
5.   Chief Executive Officer, General Insurance /PDMR
6.   Group Chief Risk Officer/PDMR
7.   Corporate Affairs Director/PDMR
8.   Group Human Resources Director/PDMR
9.   Chief Executive Officer Legal & General Insurance/PDMR
10.  Chief Executive Officer, Legal & General Retirement, Retail/PDMR
11.  Group Chief Internal Auditor/PDMR
12.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR
13.  Group General Counsel and Company Secretary/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.   SBP conditional shares award for the directors (1 to 4) listed in 1a above
2.   SBP restricted shares award for the PDMRs (5 to 13) listed in 1a above




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




1.   £2.867


1.   194,979




2.   £2.867


2.   111,272












3.   £2.867


3.   108,107












4.   £2.867


4.   121,306












5.   £2.867


5.   54,178












6.   £2.867


6.   40,913












7.   £2.867


7.   15,783












8.   £2.867


8.   24,672












9.   £2.867


9.   37,753












10.  £2.867


10.  63,914












11.  £2.867


11.  27,485












12.  £2.867


12.  78,052












13.  £2.867


13.  38,385




d)


Aggregated information
-      Aggregated volume
-      Price


 N/A (Single Transaction)




e)


Date of the transaction


16 April 2019




f)


Place of the transaction


London Stock Exchange, XLON



 
 
Combined award of CSOP options and SBP restricted shares
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Emma Hardaker-Jones




2


Reason for the notification




a)


Position/status


Group Human Resources Director/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


Combined award of CSOP options and SBP restricted shares
 




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




1.   £2.867


1.   6,061




d)


Aggregated information
-      Aggregated volume
-      Price


 N/A (Single Transaction)




e)


Date of the transaction


16 April 2019




f)


Place of the transaction


London Stock Exchange, XLON



 
 
 
 
09 May 2019
 
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107




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