TIDMLGEN

RNS Number : 9227S

Legal & General Group Plc

19 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 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 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 shares  Number of shares  Number of shares   Shares sold to   Shares retained 
                               awarded on 21     awarded on 18    exercised on 18    cover tax and     by individual 
                                 April 2016        April 2017        March 2021     social security 
Simon Gadd        PDMR             38,988            65,484           104,472           104,472              - 
 
 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                          Simon Gadd 
2    Reason for the notification 
a)   Position/status               Group Chief Risk Officer/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 38,988 shares and 
                                         exercise of PSP 2017 
                                         award of nil cost options over 65,484 shares. 
                                         2. Sale of 104,472 shares to cover tax and dealing costs (nil shares 
                                         retained). 
c)   Price(s) and volume(s)        Price(s)                      Volume 
        1. Nil cost                                                    1. 104,472 
        2. GBP2.870                                                    2. 104,472 
d)   Aggregated information        1. Price                      1. Volume                1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                     1. 104,472               1. GBP0.00 
 
  2. Price                                                       2. Volume                2. Total 
  2. GBP2.870                                                    2. 104,472               2. GBP299,834.64 
e)   Date of the transaction       18 March 2021 
f)   Place of the transaction      London Stock Exchange, XLON

19 March 2021

Leanne Cornish

Senior Assistant Company Secretary

Legal & General Group Plc

Tel: 0203 124 2107

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