REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

21/03/2022 17:00

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RNS Number : 4770F  Legal & General Group Plc  21 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 17 March 2022  Shares sold to cover tax and social security  Shares retained by individual

18 April 2017
 Bernard Hickman  PDMR            66,659                       66,659                                       31,330                                        35,329

 

 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 Retail/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 66,659 shares.

                                                                   2.   Sale of 31,330 shares to cover tax and dealing costs (35,329 shares
                                                                   retained).
 c)   Price(s) and volume(s)                                       Price(s)                    Volume

      1.   Nil cost                                                                                                        1.

                                                                                                                           66
                                                                                                                           ,6
                                                                                                                           59
      2.   £2.764                                                                                                          2.

                                                                                                                           31
                                                                                                                           ,3
                                                                                                                           30
 d)   Aggregated information                                       1.   Price                  1.   Volume                 1.   Total

      -      Aggregated volume

      -      Price
      1.   £0.00                                                                               1.   66,659                 1.   £0.00

      2.   Price                                                                               2.   Volume                 2.   Total
      2.   £2.764                                                                              2.   31,330                 2.   £86,596.12
 e)   Date of the transaction                                      17 March 2022
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

21 March 2022

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 0203 124 2107

 

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