REG - Legal & General Grp - Director/PDMR Shareholding
RNS Number : 5051VLegal & General Group Plc14 April 2021Legal & 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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