REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

14/04/2021 17:30

RNS Number : 5051V
  
Legal & General Group Plc
  
14 April 2021
  
 

Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
 
On 13 April 2021 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 Performance Share Plan ("PSP") at an award price of £2.9420. All PSP awards will vest, subject to satisfaction of the performance conditions, after two years but the participants will not be able to exercise the options before 13 April 2026.  
The performance period in respect of the PSP award will end on 31 December 2023. 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 2023 annual results. Options must be exercised by the seventh anniversary of the date of grant.
On 13 April 2021 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares or restricted shares at a price of £2.95370 per ordinary share under the terms of the Share Bonus Plan ("SBP"). All SBP awards vest on 14 April 2024.  



Name


Director/ PDMR


Number of PSP options awarded on 13 April 2021 at a price of £2.9420


Number of SBP Conditional Shares awarded on 13 April 2021 at a price of £2.95370


Number of SBP Restricted Shares awarded on 13 April 2021 at a price of £2.95370




Nigel Wilson 


Director


832,341


58,520


-




Jeff Davies


Director


501,359


36,039


-




Kerrigan Procter


PDMR


463,120


-


45,840




Michelle Scrimgeour


PDMR 


505,608


-


65,155




Simon Gadd


PDMR


208,021


-


37,241




John Godfrey


PDMR


103,976


-


12,746




Emma Hardaker-Jones


PDMR


163,154


-


32,269




Bernard Hickman


PDMR


189,666


-


42,963




Chris Knight


PDMR


168,592


-


36,022




Stephen Licence


PDMR


76,138


-


26,542




Laura Mason


PDMR


305,914


-


92,866




Andrew Kail


PDMR


475,866


-


-




Geoffrey Timms


PDMR


184,908


-


36,564



 
 
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.   Michelle Scrimgeour
5.   Simon Gadd
6.   John Godfrey
7.   Emma Hardaker-Jones
8.   Bernard Hickman
9.   Chris Knight
10.  Stephen Licence
11.  Laura Mason
12.  Andrew Kail
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/PDMR
4.   Chief Executive Officer, Legal & General Investment Management/PDMR 
5.   Group Chief Risk Officer/PDMR
6.   Corporate Affairs Director/PDMR 
7.   Group HR Director/PDMR 
8.   Chief Executive Officer, Legal & General Insurance/PDMR 
9.   PDMR 
10.  Group Chief Internal Auditor/PDMR
11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR
12.  Chief Executive Officer Legal & General Retail Retirement/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.   £2.9420


1.   832,341




2.   £2.9420


2.   501,359












3.   £2.9420


3.   463,120












4.   £2.9420


4.   505,608












5.   £2.9420


5.   208,021












6.   £2.9420


6.   103,976












7.   £2.9420


7.   163,154












8.   £2.9420


8.   189,666












9.   £2.9420


9.   168,592












10.  £2.9420


10.  76,138












11.  £2.9420


11.  305,914












12.  £2.9420


12.  475,866












13.  £2.9420


13.  184,908




d)


Aggregated information
-      Aggregated volume
-      Price


 N/A (Single Transaction)




e)


Date of the transaction


13 April 2021




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.   Michelle Scrimgeour
5.   Simon Gadd
6.   John Godfrey
7.   Emma Hardaker-Jones
8.   Bernard Hickman
9.   Chris Knight
10.  Stephen Licence
11.  Laura Mason
12.  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/PDMR
4.   Chief Executive Officer, Legal & General Investment Management/PDMR 
5.   Group Chief Risk Officer/PDMR
6.   Corporate Affairs Director/PDMR 
7.   Group HR Director/PDMR 
8.   Chief Executive Officer, Legal & General Insurance/PDMR 
9.   PDMR 
10.  Group Chief Internal Auditor/PDMR
11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR
12.  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 listed in 1a above 
2.   SBP restricted shares award for the PDMRs listed in 1a above 




c)
 


Price(s) and volume(s)
 


Price(s)


Volume




1.   £2.95370


1.   58,520




2.   £2.95370


2.   36,039












3.   £2.95370


3.   45,840












4.   £2.95370


4.   65,155












5.   £2.95370


5.   37,241












6.   £2.95370


6.   12,746












7.   £2.95370


7.   32,269












8.   £2.95370


8.   42,963












9.   £2.95370


9.   36,022












10.  £2.95370


10.  26,542












11.  £2.95370


11.  92,866












12.  £2.95370


12.  36,564




d)


Aggregated information
-      Aggregated volume
-      Price


 N/A (Single Transaction)




e)


Date of the transaction


13 April 2021




f)


Place of the transaction


London Stock Exchange, XLON



 
 
14 April 2021
 
Leanne Cornish
Senior Assistant Company Secretary
Legal & General Group Plc
 
Tel: 0203 124 2107
 

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