Legal & General Group Plc Director/PDMR Shareholding (4880K)

TIDMLGEN

RNS Number : 4880K

Legal & General Group Plc

10 April 2018

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 2014); and

-- the exercise of an award granted on 14 April 2015 under the terms of the Legal & General Group Performance Share Plan 2015 (PSP 2015).

This announcement is made in accordance with Article 19.3 of MAR.

The performance conditions attached to the PSP 2014 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.

The performance conditions attached to the PSP 2015 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2017 with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2018 results and the remaining third after the announcement of the 2019 results. PSP awards must be exercised by the seventh anniversary of the date of grant.

 
      Name        Director/ PDMR      Number of       Number of        Number of      Shares sold to   Shares retained 
                                   shares awarded   shares awarded   shares vested    cover tax and     by individual 
                                   on 11 June 2014   on 14 April      on 26 March    social security 
                                                         2015            2018        (price GBP2.617) 
----------------  ---------------  ---------------  --------------  ---------------  ----------------  --------------- 
 Dr. Catherine 
      Mason            PDMR             7,454           10,378           17,832           17,832              0 
----------------  ---------------  ---------------  --------------  ---------------  ----------------  --------------- 
 

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

 
1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Name                            Catherine Mason 
---  ------------------------------  --------------------------------------------------------------------------------- 
2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Position/status                 CEO, LGR Institutional 
---  ------------------------------  --------------------------------------------------------------------------------- 
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    Ordinary shares of GBP0.025 each, with voting rights attached 
     instrument, type of instrument   GB0005603997 
     Identification code 
---  ------------------------------  --------------------------------------------------------------------------------- 
b)   Nature of transaction                 1. Vesting of 17,832 restricted shares awarded under the terms of the PSP. 
                                            2. Sale of 17,832 shares 
---  ------------------------------  --------------------------------------------------------------------------------- 
c)   Price(s) and volume(s)          Price(s)                         Volume 
---  ------------------------------  -------------------------------  ------------------------------------------------ 
        1. Nil cost                                                         1. 17,832 
  ------------------------------------------------------------------  ------------------------------------------------ 
        2. GBP2.617                                                         2. 17,832 
  ------------------------------------------------------------------  ------------------------------------------------ 
d)   Aggregated information          1. Price                         1. Volume          1. Total 
      - Aggregated volume 
      - Price 
---  ------------------------------  -------------------------------  -----------------  ----------------------------- 
  1. GBP0.00                                                          1. 17,832          1. GBP0.00 
  ------------------------------------------------------------------  -----------------  ----------------------------- 
 
  2. Price                                                            2. Volume          2. Total 
  ------------------------------------------------------------------  -----------------  ----------------------------- 
  2. GBP2.617                                                         2. 17,832          2. GBP46,666.35 
  ------------------------------------------------------------------  -----------------  ----------------------------- 
e)   Date of the transaction         10 April 2018 
---  ------------------------------  --------------------------------------------------------------------------------- 
f)   Place of the transaction        London Stock Exchange, XLON 
---  ------------------------------  --------------------------------------------------------------------------------- 
 

10 April 2018

Olaitan Popoola

Assistant 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 10, 2018 12:23 ET (16:23 GMT)