Legal & General Group Plc Director/PDMR Shareholding (1771D)

TIDMLGEN

RNS Number : 1771D

Legal & General Group Plc

24 April 2017

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

On 21 April 2017 the Company received notification that combined awards granted on 15 April 2014 had vested on 15 April 2017 and were exercised on 17 April 2017 and had been released under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP) and Legal & General Group 2009 Company Share Option Plan (CSOP), in respect of the Director and PDMR named below.

 
Name              Director/ PDMR   Number of shares     Number of shares     Shares sold to       Shares retained by 
                                   awarded on 15 April  exercised on 17      cover tax and        individual 
                                   2014                 April 2017           social security at 
                                                                             a share price of 
                                                                             251.6p 
----------------  ---------------  -------------------  -------------------  -------------------  -------------------- 
Nigel Wilson      Director         14,184               14,184               5,605                8,579 
----------------  ---------------  -------------------  -------------------  -------------------  -------------------- 
Bernard Hickman   PDMR             8,983                8,983                3,550                5,433 
----------------  ---------------  -------------------  -------------------  -------------------  -------------------- 
 

The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the SBP and CSOP awards.

 
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/Director 
---  ---------------------------  ------------------------------------------------------------------------------------ 
b)   Initial                      Initial Notification 
     notification/Amendment 
---  ---------------------------  ------------------------------------------------------------------------------------ 
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           Ordinary shares of GBP0.025 each, with voting rights attached 
     financial instrument, type    GB0005603997 
     of instrument 
     Identification code 
---  ---------------------------  ------------------------------------------------------------------------------------ 
b)   Nature of transaction                 1. Exercise of combined SBP and CSOP awards of options over 14,184 shares. 
                                           2. Sale of 5,605 shares to cover tax and social security. The balance of 
                                           8,579 shares retained. 
---  ---------------------------  ------------------------------------------------------------------------------------ 
c)   Price(s) and volume(s)       Price(s)                      Volume(s) 
---  ---------------------------  ----------------------------  ------------------------------------------------------ 
  1. GBP2.115                                                         1. 14,184 
  ------------------------------------------------------------  ------------------------------------------------------ 
  2. GBP2.516                                                         2. 5,605 
  ------------------------------------------------------------  ------------------------------------------------------ 
d)   Aggregated information       1. Price                      1. Volume                    1. Total 
      - Aggregated volume 
      - Price 
---  ---------------------------  ----------------------------  -------------------------  --------------------------- 
  1. GBP2.115                                                   1. 14,184                    1. GBP29,999.16 
  ------------------------------------------------------------  -------------------------  --------------------------- 
 
  2. Price                                                      2. Volume                    2. Total 
  ------------------------------------------------------------  -------------------------  --------------------------- 
  2. GBP2.516                                                   2. 5,605                     2. 14,102.18 
  ------------------------------------------------------------  -------------------------  --------------------------- 
e)   Date of the transaction      17 April 2017 
---  ---------------------------  ------------------------------------------------------------------------------------ 
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 Insurance/PDMR 
---  ----------------------------  ----------------------------------------------------------------------------------- 
b)   Initial                       Initial Notification 
     notification/Amendment 
---  ----------------------------  ----------------------------------------------------------------------------------- 
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  Ordinary shares of GBP0.025 each, with voting rights attached 
     instrument, type of            GB0005603997 
     instrument 
     Identification code 
---  ----------------------------  ----------------------------------------------------------------------------------- 
b)   Nature of transaction               1. Exercise of combined SBP and CSOP awards of options over 8,983 shares. 
                                         2. Sale of 3,550 shares to cover tax and social security. The balance of 
                                         5,433 shares retained. 
---  ----------------------------  ----------------------------------------------------------------------------------- 
c)   Price(s) and volume(s)        Price(s)                       Volume 
---  ----------------------------  -----------------------------  ---------------------------------------------------- 
        1. GBP2.115                                                     1. 8,983 
  --------------------------------------------------------------  ---------------------------------------------------- 
        2. GBP2.516                                                     2. 3,550 
  --------------------------------------------------------------  ---------------------------------------------------- 
d)   Aggregated information        1. Price                       1. Volume               1. Total 
      - Aggregated volume 
      - Price 
---  ----------------------------  -----------------------------  ----------------------  ---------------------------- 
  1. GBP2.115                                                     1. 8,983                1. GBP18,999.05 
  --------------------------------------------------------------  ----------------------  ---------------------------- 
 
  2. Price                                                        2. Volume               2. Total 

  --------------------------------------------------------------  ----------------------  ---------------------------- 
  2. GBP2.516                                                     2. 3,550                2. GBP8,931.80 
  --------------------------------------------------------------  ----------------------  ---------------------------- 
e)   Date of the transaction       17 April 2017 
---  ----------------------------  ----------------------------------------------------------------------------------- 
f)   Place of the transaction      London Stock Exchange, XLON 
---  ----------------------------  ----------------------------------------------------------------------------------- 
 

24 April 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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April 24, 2017 12:30 ET (16:30 GMT)