REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

26/04/2022 17:00

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RNS Number : 4052J  Legal & General Group Plc  26 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 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 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  Shares sold to cover tax and social security at a share price of £2.778   Shares retained by individual

18 April 2017
20 April 2022
 Kerrigan Procter  PDMR            159,913                      159,913                        77,159                                                                    82,754

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Kerrigan Procter
 2    Reason for the notification
 a)   Position/status                                              President 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.   Exercise of PSP 2017 award of nil cost options over 159,913 shares.

                                                                   2.   Sale of 77,159 shares to cover tax and dealing costs (82,754 shares
                                                                   retained).
 c)   Price(s) and volume(s)                                       Price(s)                    Volume

      1.   Nil cost                                                                                                        1.

                                                                                                                           15
                                                                                                                           9,
                                                                                                                           91
                                                                                                                           3
      2.   £2.778                                                                                                          2.

                                                                                                                           77
                                                                                                                           ,1
                                                                                                                           59
 d)   Aggregated information                                       1.   Price                  1.   Volume                 1.   Total

      -      Aggregated volume

      -      Price
      1.   £0.00                                                                               1.   159,913                1.   £0.00

      2.   Price                                                                               2.   Volume                 2.   Total
      2.   £2.778                                                                              2.   77,159                 2.   £214,347.70
 e)   Date of the transaction                                      20 April 2022
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

26 April 2022

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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