REG - Legal & General Grp - Director/PDMR Shareholding
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 and 19.3 of the Market Abuse Regulation ("MAR") relates to the vesting of conditional and restricted shares and exercise of combined awards of CSOP options and Restricted Shares awarded on 16 April 2018. These shares vested on 16 April 2021 and were released under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP) incorporating The Legal & General Group Company Share Option Plan (CSOP), in respect of the Directors below. Under the plan provisions, the default of selling sufficient shares to cover tax liabilities and retention of the remaining shares is applied if no election is received from participants.
Name
Director/ PDMR
Number of shares awarded on 16 April 2018
Number of shares vested on
16 April 2021
Shares sold at a share price of £2.790
Shares retained
by individualBernard Hickman
PDMR
32,469
32,469
32,649
0
Simon Gadd
PDMR
31,231
31,231
31,231
0
Geoffrey Timms
PDMR
74,869
74,869
74,869
0
Nigel Wilson
Director
264,717
264,717
124,417
140,300
Jeff Davies
Director
122,767
122,767
57,510
65,257
Kerrigan Procter
PDMR
161,699
161,699
75,999
85,700
Emma Hardaker-Jones
PDMR
4,696
4,696
2,127
2,569
John Godfrey
PDMR
1,395
1,395
656
739
Chris Knight
PDMR
23,530
23,530
11,060
12,470
Stephen Licence
PDMR
21,019
21,019
9,879
11,140
Catherine Mason
PDMR
37,667
37,667
17,704
19,963
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Bernard Hickman
2
Reason for the notification
a)
Position/status
Chief Executive Officer, Legal & General Insurance/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. Vesting of SBP Award over 28,377 shares.
2. Sale of 28,377 shares.
3. Exercise of CSOP Award of options over 4,092 shares.
4. Sale of 4,092 shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 28,377
2. £2.790
2. 28,377
3. £2.688
3. 4,092
4. £2.790
4. 4,092
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 28,377
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 28,377
2. £79,171.83
3. Price
3. Volume
3. Total
3. £2.688
3. 4,092
3. £10,999.30
4. Price
4. Volume
4. Total
4. £2.790
4. 4,092
4. £11,416.68
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Simon Gadd
2
Reason for the notification
a)
Position/status
Group Chief Risk Officer/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. Vesting of SBP Award over 31,231 shares.
2. Sale of 31,231 shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 31,231
2. £2.790
2. 31,231
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 31,231
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 31,231
2. £87,134.49
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Geoffrey Timms
2
Reason for the notification
a)
Position/status
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. Vesting of SBP Award over 74,869 shares.
2. Sale of 74,869 shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 74,869
2. £2.790
2. 74,869
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 74,869
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 74,869
2. £208,884.51
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Nigel Wilson
2
Reason for the notification
a)
Position/status
Group Chief Executive Officer/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
Identification code
Ordinary shares of £0.025 each, with voting rights attached
GB0005603997
b)
Nature of transaction
1. Vesting of SBP Award over 264,717 shares.
2. Sale of 124,417 shares to cover tax and social security. The balance of 140,300 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 264,717
2. £2.790
2. 124,417
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 264,717
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 124,417
2. £347,123.43
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Jeff Davies
2
Reason for the notification
a)
Position/status
Group Chief Financial Officer/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
Identification code
Ordinary shares of £0.025 each, with voting rights attached
GB0005603997
b)
Nature of transaction
1. Vesting of SBP Award over 111,607 shares.
2. Sale of 52,456 shares to cover tax and social security. The balance of 59,151 shares retained.
3. Exercise of CSOP Award of options over 11,160 shares.
4. Sale of 5,054 shares to cover tax and social security. The balance of 6,106 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 111,607
2. £2.790
2. 52,456
3. £2.688
3. 11,160
4. £2.790
4. 5,054
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 111,607
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 52,456
2. £146,352.24
3. Price
3. Volume
3. Total
3. £2.688
3. 11,160
3. £29,998.08
4. Price
4. Volume
4. Total
4. £2.790
4. 5,054
4. £14,100.66
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Kerrigan Procter
2
Reason for the notification
a)
Position/status
Chief Executive Officer, Legal & General Capital/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. Vesting of SBP Award over 161,699 shares.
2. Sale of 75,999 shares to cover tax and social security. The balance of 85,700 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 161,699
2. £2.790
2. 75,999
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 161,699
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 75,999
2. £212,037.21
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
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 HR 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
1. Exercise of CSOP Award of options over 4,696 shares.
2. Sale of 2,127 shares to cover tax and social security. The balance of 2,569 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £2.688
1. 4,696
2. £2.790
2. 2,127
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £2.688
1. 4,696
1. £12,622.848
2. Price
2. Volume
2. Total
2. £2.790
2. 2,127
2. £5,934.33
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
John Godfrey
2
Reason for the notification
a)
Position/status
Corporate Affairs 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
1. Vesting of SBP Award over 1,395 shares.
2. Sale of 656 shares to cover tax and social security. The balance of 739 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 1,395
2. £2.790
2. 656
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 1,395
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 656
2. £1,830.24
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Chris Knight
2
Reason for the notification
a)
Position/status
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. Vesting of SBP Award over 23,530 shares.
2. Sale of 11,060 shares to cover tax and social security. The balance of 12,470 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 23,530
2. £2.790
2. 11,060
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 23,530
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 11,060
2. £30,857.40
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Stephen Licence
2
Reason for the notification
a)
Position/status
Group Chief Internal Auditor/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. Vesting of SBP Award over 21,019 shares.
2. Sale of 9,879 shares to cover tax and social security. The balance of 11,140 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 21,019
2. £2.790
2. 9,879
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 21,019
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 9,879
2. £27,562.41
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
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, 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
Identification code
Ordinary shares of £0.025 each, with voting rights attached
GB0005603997
b)
Nature of transaction
1. Vesting of SBP Award over 37,667 shares.
2. Sale of 17,704 shares to cover tax and social security. The balance of 19,963 shares retained.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. £0.00
1. 37,667
2. £2.790
2. 17,704
d)
Aggregated information
- Aggregated volume
- Price
1. Price
1. Volume
1. Total
1. £0.00
1. 37,667
1. £0.00
2. Price
2. Volume
2. Total
2. £2.790
2. 17,704
2. £49,394.16
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
London Stock Exchange, XLON
21 April 2021
Leanne Cornish
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
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