TIDMLGEN
RNS Number : 4652S
Legal & General Group Plc
16 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); 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); and
-- the exercise of an award 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 award
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 award
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 15 March security
2021
Kerrigan
Procter PDMR - 58,020 150,265 208,285 97,895 110,390
Jeff Davies Director - - 158,174 158,174 74,342 83,832
Bernard
Hickman PDMR - 22,743 62,636 85,379 85,379 -
Laura Mason PDMR 11,705 23,790 53,509 89,004 41,835 47,169
Stephen
Licence PDMR - 27,954 46,942 74,896 74,896 -
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/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 2016 award of nil cost options over 58,020 shares and
exercise of PSP 2017
award of nil cost options over 150,265 shares.
2. Sale of 97,895 shares to cover tax and dealing costs (110,390 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1. 208,285
2. GBP2.870 2. 97,895
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 208,285 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.870 2. 97,895 2. GBP280,958.65
e) Date of the transaction 15 March 2021
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Jeff Davies
2 Reason for the notification
a) Position/status Group Chief Financial Officer/Director
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 2017 award of nil cost options over 158,174 shares.
2. Sale of 74,342 shares to cover tax and dealing costs (83,832 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1. 158,174
2. GBP2.870 2. 74,342
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 158,174 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.870 2. 74,342 2. GBP213,361.54
e) Date of the transaction 15 March 2021
f) Place of the transaction London Stock Exchange, XLON
1 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 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 2016 award of nil cost options over 22,743 shares
and exercise of PSP 2017
award of nil cost options over 62,636 shares.
2. Sale of 85,379 shares to cover tax and dealing costs (nil shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1. 85,379
2. GBP2.870 2. 85,379
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 85,379 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.870 2. 85,379 2. GBP245,037.73
e) Date of the transaction 15 March 2021
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Laura Mason
2 Reason for the notification
a) Position/status Chief Executive Officer, Legal & General Retirement, Institutional/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 11,705 shares,
exercise of PSP 2016
award of nil cost options over 23,790 shares and exercise of PSP 2017 award
of nil cost options
over 53,509 shares.
2. Sale of 41,835 shares to cover tax and dealing costs (47,169 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1. 89,004
2. GBP2.870 2. 41,835
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 89,004 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.870 2. 41,835 2. GBP120,066.45
e) Date of the transaction 15 March 2021
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Stephen Licence
2 Reason for the notification
a) Position/status Group Chief Internal Auditor/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 2016 award of nil cost options over 27,954 shares and
exercise of PSP 2017
award of nil cost options over 46,942 shares.
2. Sale of 74,896 shares to cover tax and dealing costs (nil shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1. 74,896
2. GBP2.870 2. 74,896
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 74,896 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.870 2. 74,896 2. GBP214,951.52
e) Date of the transaction 15 March 2021
f) Place of the transaction London Stock Exchange, XLON
16 March 2021
Leanne Cornish
Senior Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
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END
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