TIDMLGEN

RNS Number : 7600H

Legal & General Group Plc

14 March 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.

 
     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 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. Exercise of 2014 PSP Award of nil cost options over 27,830 shares. 
                                                 2. Exercise of 2015 PSP Award of nil cost options over 20,125 shares. 
---  ------------------------------------  --------------------------------------------------------------------------- 
c)   Price(s) and volume(s)                           Price(s)                               Volume(s) 
---  ------------------------------------  -------------------------------------  ------------------------------------ 
        1. Nil cost                                                                           1. 27,830 
  ------------------------------------------------------------------------------  ------------------------------------ 
        2. Nil cost                                                                           2. 20,125 
  ------------------------------------------------------------------------------  ------------------------------------ 
d)   Aggregated information 
      - Aggregated volume                    47,955 
      - Price                                GBP0.00 
---  ------------------------------------  --------------------------------------------------------------------------- 
e)   Date of the transaction               12 March 2018 
---  ------------------------------------  --------------------------------------------------------------------------- 
f)   Place of the transaction              London Stock Exchange, XLON 
---  ------------------------------------  ---------------------------------------------------------------------------

14 March 2018

Olaitan Popoola

Assistant Company Secretary

Legal & General Group Plc

Tel: 0203 124 2108

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHDZLFFVXFBBBZ

(END) Dow Jones Newswires

March 14, 2018 13:05 ET (17:05 GMT)

Legal & General (LSE:LGEN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Legal & General Charts.
Legal & General (LSE:LGEN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Legal & General Charts.