REG - Legal & General Grp - Director/PDMR Shareholding
20/04/2022 17:00
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RNS Number : 8016I 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
The following notification made under article 19.1 and 19.3 of the UK Market
Abuse Regulation ("UK MAR") relates to the vesting of conditional and
restricted shares awarded on 16 April 2019. These shares vested on 16 April
2022 and were released under the terms of the Legal & General Group 2010
Share Bonus Plan (SBP), 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 2019 Number of shares vested on Shares sold to cover tax and social security at a price of £2.744 Remaining shares sold at a share price of £2.744 Shares retained
16 April 2022
by individual
Nigel Wilson Director 239,777 239,777 115,693 124,084 0
Jeff Davies Director 136,838 136,838 66,025 0 70,813
Kerrigan Procter PDMR 132,945 132,945 64,146 0 68,799
Emma Hardaker-Jones PDMR 30,733 30,733 14,830 15,903 0
Chris Knight PDMR 63,914 63,914 30,839 0 33,075
Geoffrey Timms PDMR 38,385 38,385 18,521 0 19,864
Stephen Licence PDMR 27,485 27,485 13,262 0 14,223
John Godfrey PDMR 15,783 15,783 7,616 0 8,167
Catherine Mason PDMR 78,052 78,052 37,661 0 40,391
Bernard Hickman PDMR 37,753 37,753 18,216 0 19,537
The following notification also 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 provided that the award vested, 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 14 April 2022 Shares sold to cover tax and social security at a share price of £2.744 Remaining shares sold at a share price of £2.744 Shares retained by individual
18 April 2017
Nigel Wilson Director 306,024 306,024 147,657 158,367 0
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 239,777 shares.
2. Sale of 239,777 shares, of which 115,693 shares sold to cover tax (no
shares retained).
3. Exercise of PSP 2017 award of nil cost options over 306,024 shares.
4. Sale of 306,024 shares, of which 147,657 shares sold to cover tax and
dealing costs (no shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
23
9,
77
7
2. £2.744 2.
23
9,
77
7
3. £0.00 3. 306,024
4. £2.744 4. 306,024
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 239,777 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 239,777 2. £657,948.09
3. Price 3. Volume 3. Total
3. £0.00 3. 306,024 3. £0.00
4. Price 4. Volume 4. Total
4. £2.744 4. 306,024 4. £839,729.86
e) Date of the transaction 1. 16 April 2022
2. 16 April 2022
3. 14 April 2022
4. 14 April 2022
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 136,838 shares.
2. Sale of 66,025 shares to cover tax and social security. The balance of
70,813 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
13
6,
83
8
2. £2.744 2.
66
,0
25
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 136,838 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 66,025 2. £181,172.60
e) Date of the transaction 16 April 2022
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 President of Asia-Pacific/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. Vesting of SBP Award over 132,945 shares.
2. Sale of 64,146 shares to cover tax and social security. The balance of
68,799 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
13
2,
94
5
2. £2.744 2.
64
,1
46
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 132,945 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 64,146 2. £176,016.62
e) Date of the transaction 16 April 2022
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 30,733 shares.
2. Sale of 30,733 shares, of which 14,830 were sold to cover tax (no
shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
30
,7
33
2. £2.744 2.
30
,7
33
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 30,733 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 30,733 2. £84,331.35
e) Date of the transaction 16 April 2022
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 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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 63,914 shares.
2. Sale of 30,839 shares to cover tax and social security. The balance of
33,075 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
63
,9
14
2. £2.744 2.
30
,8
39
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 63,914 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 30,839 2. £84,622.22
e) Date of the transaction 16 April 2022
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 38,385 shares.
2. Sale of 18,521 shares to cover tax and social security. The balance of
19,864 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
38
,3
85
2. £2.744 2.
18
,5
21
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 38,385 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 18,521 2. £50,821.62
e) Date of the transaction 16 April 2022
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 27,485 shares.
2. Sale of 13,262 shares to cover tax and social security. The balance of
14,223 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
27
,4
85
2. £2.744 2.
13
,2
62
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 27,485 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 13,262 2. £36,390.93
e) Date of the transaction 16 April 2022
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 15,783 shares.
2. Sale of 7,616 shares to cover tax and social security. The balance of
8,167 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
15
,7
83
2. £2.744 2.
7,
61
6
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 15,783 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 7,616 2. £20,898.30
e) Date of the transaction 16 April 2022
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 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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 78,052 shares.
2. Sale of 37,661 shares to cover tax and social security. The balance of
40,391 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
78
,0
52
2. £2.744 2.
37
,6
61
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 78,052 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 37,661 2. £103,341.78
e) Date of the transaction 16 April 2022
f) Place of the transaction London Stock Exchange, XLON
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. Vesting of SBP Award over 37,753 shares.
2. Sale of 18,216 shares to cover tax and social security. The balance of
19,537 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
37
,7
53
2. £2.744 2.
18
,2
16
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 37,753 1. £0.00
2. Price 2. Volume 2. Total
2. £2.744 2. 18,216 2. £49,984.70
e) Date of the transaction 16 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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