Legal & General Group Plc Director/PDMR Shareholding (9191T)
19 November 2019 - 6:00PM
UK Regulatory
TIDMLGEN
RNS Number : 9191T
Legal & General Group Plc
19 November 2019
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 11 June 2014 under the
terms of the Legal & General Group Performance Share Plan 2014
(PSP 2014);
-- the exercise of an award granted on 14 April 2015 under the
terms of the Legal & General Group Performance Share Plan 2015
(PSP 2015); and
-- the exercise of an award granted on 21 April 2016 under the
terms of the Legal & General Group Performance Share Plan 2016
(PSP 2016).
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
2014 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 2015 awards must be exercised
by the seventh anniversary of the date of grant.
The performance conditions attached to the PSP 2016 award
provide that the award vests, subject to satisfaction of the
performance conditions, after the announcement of the 2018 results.
One third of the vested options will be exercisable immediately
with the second third becoming available after the announcement of
the 2019 results and the remaining third after the announcement of
the 2020 results. Options must be exercised by the seventh
anniversary of the date of grant.
Name Director/ PDMR Number of Number of Number of Number of Total shares Shares
shares shares shares shares sold to cover released to
awarded on 11 awarded on 14 awarded on 21 exercised on tax/NI Corporate
June 2014 April 2015 April 2016 17 November Sponsored
2019 Nominee
Kerrigan
Procter Director 121,812 81,842 50,208 253,862 119,318 134,544
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Kerrigan Procter
2 Reason for the notification
a) Position/status Chief Executive Officer, Legal & General
Capital/Director
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 instrument, type of Ordinary shares of GBP0.025 each, with
instrument voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Exercise of PSP 2014, PSP 2015 and
PSP 2016 award of nil cost options over
253,862 shares.
2. Sale of 119,318 shares to cover tax/NI.
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1. 253,862
2. GBP2.767 2. 119,318
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 253,862 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.767 2. 119,318 2. GBP330,152.91
e) Date of the transaction 17 November 2019
f) Place of the transaction London Stock Exchange, XLON
19 November 2019
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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