Legal & General Group Plc Director/PDMR Shareholding (5749Z)

TIDMLGEN

RNS Number : 5749Z

Legal & General Group Plc

15 March 2017

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 of the Market Abuse Regulation ("MAR") relates to the exercise of an award granted on 11 June 2014 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP). This announcement is made in accordance with Article 19.3 of MAR.

The performance conditions attached to the PSP award provide that one third of the vested options become exercisable subject to the 2016 results with the second third becoming exercisable after the announcement of the 2017 results and the remaining third after the announcement of the 2018 results. PSP awards must be exercised by the seventh anniversary of the date of grant.

 
     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/Director 
---  ------------------------------------  --------------------------------------------------------------------------- 
b)   Initial notification/Amendment        Initial Notification 
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3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Name                                  Legal & General Group Plc 
---  ------------------------------------  --------------------------------------------------------------------------- 
b)   LEI                                   213800JH9QQWHLO99821 
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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          Ordinary shares of GBP0.025 each, with voting rights attached 
     instrument, type of instrument         GB0005603997 
     Identification code 
---  ------------------------------------  --------------------------------------------------------------------------- 
b)   Nature of transaction                       1. Exercise of 2014 PSP Award of nil cost options over 192,628 
                                                 shares. 
                                                 2. Sale of 90,536 shares to cover tax and dealing costs. The balance 
                                                 of 102,092 shares retained. 
---  ------------------------------------  --------------------------------------------------------------------------- 
c)   Price(s) and volume(s)                           Price(s)                               Volume(s) 
---  ------------------------------------  -------------------------------------  ------------------------------------ 
        1. Nil cost                                                                     1. 192,628 
  ------------------------------------------------------------------------------  ------------------------------------ 
        2. 2.464                                                                        2. 90,536 
  ------------------------------------------------------------------------------  ------------------------------------ 
d)   Aggregated information                1. Price     1. Volume   1. Total 
      - Aggregated volume                   -----------  ----------  ----------------- 
      - Price                               1. GBP0.00   1. 192,628  1. 0.00 
                                            -----------  ----------  ----------------- 
 
                                            2. Price     2. Volume   2. Total 
                                            -----------  ----------  ----------------- 
                                            2. GBP2.464  2. 90,536   2. GBP223,080.704 
                                            -----------  ----------  ----------------- 
---  ------------------------------------  --------------------------------------------------------------------------- 
e)   Date of the transaction               14 March 2017 
---  ------------------------------------  --------------------------------------------------------------------------- 
f)   Place of the transaction              London Stock Exchange, XLON 
---  ------------------------------------  --------------------------------------------------------------------------- 
 

15 March 2017

Helen Baker

Deputy Company Secretary

Legal & General Group Plc

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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March 15, 2017 10:30 ET (14:30 GMT)