REG - Legal & General Grp - Director/PDMR Shareholding
20/04/2022 17:00
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RNS Number : 8014I Legal & General Group Plc 20 April 2022
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them
On 19 April 2022 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 £2.7112. All PSP awards
will vest, subject to satisfaction of the performance conditions, after three
years but the participants will not be able to exercise the options before 19
April 2027.
The performance period in respect of the PSP award will end on 31 December
2024. 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 2024 annual results. Options must be exercised by the seventh
anniversary of the date of grant.
On 19 April 2022 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 £2.72 per ordinary share under the terms of
the Share Bonus Plan ("SBP"). All SBP awards vest on 19 April 2025.
Name Director/ PDMR Number of PSP options Number of SBP Conditional Shares awarded on 19 April 2022 at a price of £2.72 Number of SBP Restricted Shares awarded on
awarded on 19 April 2022
19 April 2022 at a price
at a price of £2.7112
of £2.72
Nigel Wilson Director 948,380 255,220 -
Jeff Davies Director 582,767 149,981 -
Kerrigan Procter PDMR 502,544 - 140,257
Michelle Scrimgeour PDMR 576,313 - 136,286
John Godfrey PDMR 118,508 - 28,676
Emma Hardaker-Jones PDMR 194,747 - 43,658
Bernard Hickman PDMR 276,630 - 65,312
Chris Knight PDMR 195,928 - 56,985
Stephen Licence PDMR 88,521 - 32,941
Catherine Mason PDMR 392,123 - 128,676
Andrew Kail PDMR 542,195 - 124,136
Geoffrey Timms PDMR 210,681 - 51,011
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. John Godfrey
6. Emma Hardaker-Jones
7. Bernard Hickman
8. Chris Knight
9. Stephen Licence
10. Catherine Mason
11. Andrew Kail
12. Geoffrey Timms
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/Director
2. Group Chief Financial Officer/Director
3. President of Asia-Pacific/PDMR
4. Chief Executive Officer, Legal & General Investment Management/PDMR
5. Corporate Affairs Director/PDMR
6. Group HR Director/PDMR
7. Chief Executive Officer, Legal & General Retail/PDMR
8. Group Chief Risk Officer/PDMR
9. Group Chief Internal Auditor/PDMR
10. Chief Executive Officer, Legal & General Capital/PDMR
11. Chief Executive Officer, Legal & General Institutional
Retirement/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 Ordinary shares of £0.025 each, with voting rights attached
Identification code 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. £2.7112 1. 948,380
2. £2.7112 2. 582,767
3. £2.7112 3. 502,544
4. £2.7112 4. 576,313
5. £2.7112 5. 118,508
6. £2.7112 6. 194,747
7. £2.7112 7. 276,630
8. £2.7112 8. 195,928
9. £2.7112 9. 88,521
10. £2.7112 10. 392,123
11. £2.7112 11. 542,195
12. £2.7112 12. 210,681
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 19 April 2022
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. John Godfrey
6. Emma Hardaker-Jones
7. Bernard Hickman
8. Chris Knight
9. Stephen Licence
10. Catherine Mason
11. Andrew Kail
12. Geoffrey Timms
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/Director
2. Group Chief Financial Officer/Director
3. President of Asia-Pacific/PDMR
4. Chief Executive Officer, Legal & General Investment Management/PDMR
5. Corporate Affairs Director/PDMR
6. Group HR Director/PDMR
7. Chief Executive Officer, Legal & General Retail/PDMR
8. Group Chief Risk Officer/PDMR
9. Group Chief Internal Auditor/PDMR
10. Chief Executive Officer, Legal & General Capital/PDMR
11. Chief Executive Officer, Legal & General Institutional
Retirement/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 Ordinary shares of £0.025 each, with voting rights attached
Identification code 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. £2.72 1. 255,220
2. £2.72 2. 149,981
3. £2.72 3. 140,257
4. £2.72 4. 136,286
5. £2.72 5. 28,676
6. £2.72 6. 43,658
7. £2.72 7. 65,312
8. £2.72 8. 56,985
9. £2.72 9. 32,941
10. £2.72 10. 128,676
11. £2.72 11. 124,136
12. £2.72 12. 51,011
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 19 April 2022
f) Place of the transaction London Stock Exchange, XLON
20 April 2022
Andrew Fairhurst
Director of Company Secretarial
Legal & General Group Plc
Tel: 020 3124 2102
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