TIDMLGEN

RNS Number : 1824K

Legal & General Group Plc

06 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   Shares sold to   Shares retained 
                                shares awarded   shares awarded     vested on 26     cover tax and     by individual 
                                on 11 June 2014    on 14 April       March 2018     social security 
                                                      2015                          (price GBP2.558) 
-------------  ---------------  ---------------  ---------------  ----------------  ----------------  ---------------- 
Cheryl Agius        PDMR             6,459            4,908            11,367            11,367              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                            Cheryl Agius 
---  ------------------------------  --------------------------------------------------------------------------------- 
2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Position/status                 Chief Executive Officer, General Insurance business 
---  ------------------------------  --------------------------------------------------------------------------------- 
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 11,367 restricted shares awarded under the terms of the PSP. 
                                            2. Sale of 11,367 shares 
---  ------------------------------  --------------------------------------------------------------------------------- 
c)   Price(s) and volume(s)          Price(s)                        Volume 
---  ------------------------------  ------------------------------  ------------------------------------------------- 
        1. Nil cost                                                        1. 11,367 
  -----------------------------------------------------------------  ------------------------------------------------- 
        2. GBP2.558                                                        2. 11,367 
  -----------------------------------------------------------------  ------------------------------------------------- 
d)   Aggregated information          1. Price                        1. Volume          1. Total 
      - Aggregated volume 
      - Price 
---  ------------------------------  ------------------------------  -----------------  ------------------------------ 
  1. GBP0.00                                                         1. 11,367          1. GBP0.00 
  -----------------------------------------------------------------  -----------------  ------------------------------ 
 
  2. Price                                                           2. Volume          2. Total 
  -----------------------------------------------------------------  -----------------  ------------------------------ 
  2. GBP2.558                                                        2. 11,367          2. GBP 29,076.79 
  -----------------------------------------------------------------  -----------------  ------------------------------ 
e)   Date of the transaction         4 April 2018 
---  ------------------------------  --------------------------------------------------------------------------------- 
f)   Place of the transaction        London Stock Exchange, XLON 
---  ------------------------------  ---------------------------------------------------------------------------------

6 April 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

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April 06, 2018 12:33 ET (16:33 GMT)

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