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RNS Number : 3027F Legal & General Group Plc 18 March 2022
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 UK Market
Abuse Regulation ("UK MAR") relates to the exercise of awards granted on 18
April 2017 under the terms of the Legal & General Group Performance Share
Plan 2014 (PSP).
The performance conditions attached to the options granted under the PSP in
2017 provide that the award vests, subject to satisfaction of the performance
conditions, after the announcement of the results for 2019 with one third of
vested options becoming exercisable immediately, the second third becoming
exercisable after the announcement of the 2020 results and the remaining third
after the announcement of the 2021 results. The options must be exercised by
the seventh anniversary of the date of the grant.
Name Director/ PDMR Number of shares awarded on Number of shares exercised on 16 March 2022 Shares sold to cover tax and social security Total number of shares sold Shares retained by individual
18 April 2017
Geoffrey Timms PDMR 66,319 66,319 31,170 66,319 -
Laura Mason PDMR 29,625 29,625 13,924 13,924 15,701
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Exercise of PSP 2017 award of nil cost options over 66,319 shares.
2. Sale of 66,319 shares, of which 31,170 shares sold to cover tax and
dealing costs (no shares retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
66
,3
19
2. £2.749 2.
66
,3
19
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 66,319 1. £0.00
2. Price 2. Volume 2. Total
2. £2.749 2. 66,319 2. £182,310.93
e) Date of the transaction 16 March 2022
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Laura 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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 3. Exercise of PSP 2017 award of nil cost options over 29,625 shares.
4. Sale of 13,924 shares to cover tax and dealing costs (15,701 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
2. Nil cost 2.
29
,6
25
3. £2.749 3.
13
,9
24
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 29,625 1. £0.00
2. Price 2. Volume 2. Total
2. £2.749 2. 13,924 2. £38,277.08
e) Date of the transaction 16 March 2022
f) Place of the transaction London Stock Exchange, XLON
18 March 2022
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 0203 124 2107
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