TIDMLGEN
RNS Number : 8014I
Legal & General Group Plc
20 April 2022
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging
Managerial Responsibilities ("PDMRs") and persons closely
associated with them
On 19 April 2022 Legal & General Group Plc (the "Company")
received notification that on that day the Directors and PDMRs
named below had been awarded nil cost options over ordinary shares
of 2.5p under the terms of the Performance Share Plan ("PSP") at an
award price of GBP2.7112. All PSP awards will vest, subject to
satisfaction of the performance conditions, after three years but
the participants will not be able to exercise the options before 19
April 2027.
The performance period in respect of the PSP award will end on
31 December 2024. The performance conditions attached to the PSP
award will then be tested and the vesting percentage confirmed
after the announcement of the Legal & General's 2024 annual
results. Options must be exercised by the seventh anniversary of
the date of grant.
On 19 April 2022 the Company also received notification that on
that day the Directors and PDMRs named below were awarded either
conditional shares or restricted shares at a price of GBP2.72 per
ordinary share under the terms of the Share Bonus Plan ("SBP"). All
SBP awards vest on 19 April 2025.
Name Director/ PDMR Number of PSP options Number of SBP Number of SBP Restricted
awarded on 19 April 2022 Conditional Shares Shares awarded on
at a price of GBP2.7112 awarded on 19 April 2022 19 April 2022 at a price
at a price of GBP2.72 of GBP2.72
Nigel Wilson Director 948,380 255,220 -
Jeff Davies Director 582,767 149,981 -
Kerrigan Procter PDMR 502,544 - 140,257
Michelle Scrimgeour PDMR 576,313 - 136,286
John Godfrey PDMR 118,508 - 28,676
Emma Hardaker-Jones PDMR 194,747 - 43,658
Bernard Hickman PDMR 276,630 - 65,312
Chris Knight PDMR 195,928 - 56,985
Stephen Licence PDMR 88,521 - 32,941
Catherine Mason PDMR 392,123 - 128,676
Andrew Kail PDMR 542,195 - 124,136
Geoffrey Timms PDMR 210,681 - 51,011
PSP Awards
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name 1. Nigel Wilson
2. Jeff Davies
3. Kerrigan Procter
4. Michelle Scrimgeour
5. John Godfrey
6. Emma Hardaker-Jones
7. Bernard Hickman
8. Chris Knight
9. Stephen Licence
10. Catherine Mason
11. Andrew Kail
12. Geoffrey Timms
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/Director
2. Group Chief Financial Officer/Director
3. President of Asia-Pacific/PDMR
4. Chief Executive Officer, Legal & General Investment
Management/PDMR
5. Corporate Affairs Director/PDMR
6. Group HR Director/PDMR
7. Chief Executive Officer, Legal & General Retail/PDMR
8. Group Chief Risk Officer/PDMR
9. Group Chief Internal Auditor/PDMR
10. Chief Executive Officer, Legal & General Capital/PDMR
11. Chief Executive Officer, Legal & General Institutional
Retirement/PDMR
12. Group General Counsel and Company Secretary/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 PSP options award for the directors/PDMRs listed in 1a above
c) Price(s) and volume(s) Price(s) Volume
1. GBP2.7112 1. 948,380
2. GBP2.7112 2. 582,767
3. GBP2.7112 3. 502,544
4. GBP2.7112 4. 576,313
5. GBP2.7112 5. 118,508
6. GBP2.7112 6. 194,747
7. GBP2.7112 7. 276,630
8. GBP2.7112 8. 195,928
9. GBP2.7112 9. 88,521
10. GBP2.7112 10. 392,123
11. GBP2.7112 11. 542,195
12. GBP2.7112 12. 210,681
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 19 April 2022
f) Place of the transaction London Stock Exchange, XLON
SBP Awards (Restricted and Conditional)
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name 1. Nigel Wilson
2. Jeff Davies
3. Kerrigan Procter
4. Michelle Scrimgeour
5. John Godfrey
6. Emma Hardaker-Jones
7. Bernard Hickman
8. Chris Knight
9. Stephen Licence
10. Catherine Mason
11. Andrew Kail
12. Geoffrey Timms
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/Director
2. Group Chief Financial Officer/Director
3. President of Asia-Pacific/PDMR
4. Chief Executive Officer, Legal & General Investment Management/PDMR
5. Corporate Affairs Director/PDMR
6. Group HR Director/PDMR
7. Chief Executive Officer, Legal & General Retail/PDMR
8. Group Chief Risk Officer/PDMR
9. Group Chief Internal Auditor/PDMR
10. Chief Executive Officer, Legal & General Capital/PDMR
11. Chief Executive Officer, Legal & General Institutional
Retirement/PDMR
12. Group General Counsel and Company Secretary/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. SBP conditional shares award for the directors listed in 1a
above
2. SBP r estricted shares award for the PDMRs listed in 1a
above
c) Price(s) and volume(s) Price(s) Volume
1. GBP2.72 1. 255,220
2. GBP2.72 2. 149,981
3. GBP2.72 3. 140,257
4. GBP2.72 4. 136,286
5. GBP2.72 5. 28,676
6. GBP2.72 6. 43,658
7. GBP2.72 7. 65,312
8. GBP2.72 8. 56,985
9. GBP2.72 9. 32,941
10. GBP2.72 10. 128,676
11. GBP2.72 11. 124,136
12. GBP2.72 12. 51,011
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 19 April 2022
f) Place of the transaction London Stock Exchange, XLON
20 April 2022
Andrew Fairhurst
Director of Company Secretarial
Legal & General Group Plc
Tel: 020 3124 2102
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