REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

09/03/2020 17:00

RNS Number : 4908F
  
Legal & General Group Plc
  
09 March 2020
  
 

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 articles 19.1 and 19.3 of the Market Abuse Regulation ("MAR") relates to the exercise of an award granted on 18 April 2017 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP 2014); 
The performance conditions attached to the PSP 2014 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the 2019 results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2020 results and the remaining third after the announcement of the 2021 results. Options must be exercised by the seventh anniversary of the date of grant
On 6 March 2020 the Company also received notification that on that day the Share Bonus Plan (SBP) awards for Catherine Mason had vested on 6 March 2020.



Name 


Director/ PDMR


Number of PSP shares awarded on 18 April 2017


Number of PSP shares vested on 6 March 2020 


Number of SBP shares awarded on 18 September 2017


Number of SBP shares vested on 6 March 2020




Jeff Davies


Director


503,544


437,579


-


-




Simon Gadd


Director


208,467
 


181,157


-


-




Bernard Hickman


Director


199,403
 


173,281
 


-


-




Christopher Knight


PDMR


138,978
 


120,771
 


-


-




Stephen Licence


PDMR


77,747
 


67,562
 


-


-




Kerrigan Procter


Director


478,367
 


415,700
 


-


-




Geoffrey Timms 


PDMR


198,388
 


172,399
 


-


-




Nigel  Wilson


Director


915,444
 


795,520
 


-


-




Catherine Mason


Director


88,623
 


77,013
 


43,877


29,573



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


1.   Jeff Davies
2.   Simon Gadd
3.   Bernard Hickman
4.   Christopher Knight
5.   Stephen Licence
6.   Kerrigan Procter
7.   Geoffrey Timms
8.   Nigel  Wilson 
9.   Catherine Mason




2


Reason for the notification




a)


Position/status


1.   Group Chief Financial Officer/Director
2.   Group Chief Risk Officer/PDMR
3.   Chief Executive Officer, Legal & General Insurance/PDMR
4.   Chief Executive Officer, Legal & General Retirement, Retail/PDMR
5.   Group Chief Internal Auditor/PDMR
6.   Chief Executive Officer, Legal & General Capital/Director
7.   Group General Counsel and Company Secretary/PDMR
8.   Group Chief Executive/Director 
9.   Chief Executive Officer, Legal & General Retirement




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


Vesting of PSP 2014 awards 




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




1.   241.4p
2.   241.4p
3.   241.4p
4.   241.4p
5.   241.4p
6.   241.4p
7.   241.4p
8.   241.4p
9.   241.4p


1.   437,579
2.   181,157
3.   173,281
4.   120,771
5.   67,562
6.   415,700
7.   172,399
8.   795,520
9.   77,013














d)


Aggregated information
-      Aggregated volume
-      Price


N/A Single transaction




































































e)


Date of the transaction


6 March 2020




f)


Place of the transaction


London Stock Exchange, XLON



 
 
SBP Awards
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Catherine Mason
 




2


Reason for the notification




a)


Position/status


Chief Executive Officer, Legal & General Retirement
 




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


Vesting of SBP awards 




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




 241.4p
 


 29,573














d)


Aggregated information
-      Aggregated volume
-      Price


N/A Single transaction




































































e)


Date of the transaction


6 March 2020




f)


Place of the transaction


London Stock Exchange, XLON



 
9 March 2020
 
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
 


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