Legal & General Group Plc Director/PDMR Shareholding (0217U)

TIDMLGEN

RNS Number : 0217U

Legal & General Group Plc

30 March 2021

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 Market Abuse Regulation ("MAR") relates to:

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

-- the exercise of awards granted on 21 April 2016 under the terms of the Legal & General Group Performance Share Plan 2016 (PSP 2016); and

-- the exercise of awards granted on 18 April 2017 under the terms of the Legal & General Group Performance Share Plan 2017 (PSP 2017).

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 2015 options must be exercised by the seventh anniversary of the date of grant.

The performance conditions attached to the PSP 2016 awards provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2018 with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2019 results and the remaining third after the announcement of the 2020 results. PSP 2016 options must be exercised by the seventh anniversary of the date of grant.

The performance conditions attached to the PSP 2017 awards 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. PSP 2017 options must be exercised by the seventh anniversary of the date of the grant.

 
     Name       Director/ PDMR    Number of      Number of      Number of     Number of    Shares sold      Shares 
                                   shares         shares         shares         shares     to cover tax   retained by 
                                awarded on 14  awarded on 21  awarded on 18  exercised on   and social    individual 
                                 April 2015     April 2016     April 2017      29 March      security 
                                                                                 2021 
 Christopher 
    Knight           PDMR          26,099         50,294         83,912        160,305        75,345        84,960 
 
 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                          Christopher Knight 
2    Reason for the notification 
a)   Position/status               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 PSP 2015 award of nil cost options over 26,099 shares, 
                                         exercise of PSP 2016 
                                         award of nil cost options over 50,294 shares, and exercise of PSP 2017 award 
                                         of nil cost options 
                                         over 83,912 shares. 
                                         2. Sale of 75,345 shares to cover tax and dealing costs (nil shares 
                                         retained). 
c)   Price(s) and volume(s)        Price(s)                      Volume 
        1. Nil cost                                                    1. 160,305 
        2. GBP2.758                                                    2. 75,345 
d)   Aggregated information        1. Price                      1. Volume                 1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                     1. 160,305                1. GBP0.00 
  2. Price                                                       2. Volume                 2. Total 
  2. GBP2.758                                                    2. 75,345                 2. GBP207,801.51 
e)   Date of the transaction       29 March 2021 
f)   Place of the transaction      London Stock Exchange, XLON 
 

30 March 2021

Leanne Cornish

Senior Assistant Company Secretary

Legal & General Group Plc

Tel: [phone]

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March 30, 2021 12:01 ET (16:01 GMT)