REG - Legal & General Grp - Director/PDMR Shareholding
20/04/2023 17:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230420:nRST9650Wa&default-theme=true
RNS Number : 9650W Legal & General Group Plc 20 April 2023
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 of the UK Market Abuse
Regulation ("UK MAR") relates to the exercise of awards granted on 18 April
2017 and 16 April 2018 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.
The performance conditions attached to the options granted under the PSP in
2018 provide that the award vests, subject to satisfaction of the performance
conditions, after the announcement of the results for 2020. The number of
options that vested were then subject to a two year holding period that ended
on 16 April 2023 when the options became exercisable. 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 awarded on 16 April 2018 Number of shares exercised on 18 April 2023 Number of shares exercised on 19 April 2023 Shares sold to cover tax and social security Shares retained by individual
18 April 2017
Stephen Licence PDMR 25,990 20,409 - 46,399 21,809 24,590
John Godfrey PDMR - 29,589 29,589 - 13,907 15,682
Nigel Wilson Director - 240,105 - 240,105 112,850 127,255
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. Exercise of PSP 2017 award of nil cost options over 25,990 shares.
2. Sale of 12,216 shares to cover tax and dealing costs for exercise of
PSP 2017 award (13,774 shares retained).
3. Exercise of PSP 2018 award of nil cost options over 20,409 shares.
4. Sale of 9,593 shares to cover tax and dealing costs for exercise of PSP
2018 award (10,816 shares retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
25
,9
90
2. £2.533 2.
12
,2
16
3. Nil cost 3. 20,409
4. £2.533 4. 9,593
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 25,990 1. £0.00
2. Price 2. Volume 2. Total
2. £2.533 2. 12,216 2. £30,943.13
3. Price 3. Volume 3. Total
3. £0.00 3. 20,409 3. £0.00
4. Price 4. Volume 4. Total
4. £2.533 4. 9,593 4. £24,299.07
e) Date of the transaction 19 April 2023
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 Director of Levelling Up/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 2018 award of nil cost options over 29,589 shares.
2. Sale of 13,907 shares to cover tax and dealing costs (15,682 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
29
,5
89
2. £2.524 2.
13
,9
07
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 29,589 1. £0.00
2. Price 2. Volume 2. Total
2. £2.524 2. 13,907 2. £35,101.27
e) Date of the transaction 18 April 2023
f) Place of the transaction London Stock Exchange, XLON
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. Exercise of PSP 2018 award of nil cost options over 240,105 shares.
2. Sale of 112,850 shares to cover tax and dealing costs (127,255 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
24
0,
10
5
2. £2.533 2.
11
2,
85
0
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 240,105 1. £0.00
2. Price 2. Volume 2. Total
2. £2.533 2. 112,850 2. £285,849.05
e) Date of the transaction 19 April 2023
f) Place of the transaction London Stock Exchange, XLON
20 April 2023
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHEBLFLXZLZBBQRecent news on Legal & General
See all newsREG - Legal & General Grp - Director/PDMR Shareholding
AnnouncementREG - Legal & General Grp - Director/PDMR Shareholding
AnnouncementREG - Legal & General Grp - Director/PDMR Shareholding
AnnouncementREG - Legal & General Grp - Total Voting Rights
AnnouncementREG - Legal&Gen Inv Mgmnt Barratt Devlpmnts. - Form 8.3 - Barratt Developments plc
Announcement