TIDMLGEN
RNS Number : 8016I
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
The following notification made under article 19.1 and 19.3 of
the UK Market Abuse Regulation ("UK MAR") relates to the vesting of
conditional and restricted shares awarded on 16 April 2019. These
shares vested on 16 April 2022 and were released under the terms of
the Legal & General Group 2010 Share Bonus Plan (SBP), in
respect of the Directors below. Under the plan provisions, the
default of selling sufficient shares to cover tax liabilities and
retention of the remaining shares is applied if no election is
received from participants.
Name Director/ PDMR Number of Number of Shares sold to Remaining Shares retained
shares awarded shares vested cover tax and shares sold at by individual
on 16 April on social security a share price
2019 16 April 2022 at a price of of GBP2.744
GBP2.744
Nigel Wilson Director 239,777 239,777 115,693 124,084 0
Jeff Davies Director 136,838 136,838 66,025 0 70,813
Kerrigan Procter PDMR 132,945 132,945 64,146 0 68,799
Emma
Hardaker-Jones PDMR 30,733 30,733 14,830 15,903 0
Chris Knight PDMR 63,914 63,914 30,839 0 33,075
Geoffrey Timms PDMR 38,385 38,385 18,521 0 19,864
Stephen Licence PDMR 27,485 27,485 13,262 0 14,223
John Godfrey PDMR 15,783 15,783 7,616 0 8,167
Catherine Mason PDMR 78,052 78,052 37,661 0 40,391
Bernard Hickman PDMR 37,753 37,753 18,216 0 19,537
The following notification also relates to the exercise of
awards granted on 18 April 2017 under the terms of the Legal &
General Group Performance Share Plan 2014 (PSP).
The performance conditions attached to the options granted under
the PSP in 2017 provided that the award vested, 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. The options must be
exercised by the seventh anniversary of the date of the grant.
Name Director/ PDMR Number of shares Number of shares Shares sold to Remaining Shares retained
awarded on exercised on 14 cover tax and shares sold at by individual
18 April 2017 April 2022 social security a share price
at a share of GBP2.744
price of
GBP2.744
Nigel Wilson Director 306,024 306,024 147,657 158,367 0
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Nigel Wilson
2 Reason for the notification
a) Position/status Group Chief Executive 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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 239,777 shares.
2. Sale of 239,777 shares, of which 115,693 shares sold to cover tax (no
shares retained)
.
3. Exercise of PSP 2017 award of nil cost options over 306,024 shares.
4. Sale of 306,024 shares, of which 147,657 shares sold to cover tax and
dealing costs (no
shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 239,777
2. GBP2.744 2. 239,777
3. GBP0.00 3. 306,024
4. GBP2.744 4. 306,024
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 239,777 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 239,777 2. GBP657,948.09
3. Price 3. Volume 3. Total
3. GBP0.00 3. 306,024 3. GBP0.00
4. Price 4. Volume 4. Total
4. GBP2.744 4. 306,024 4. GBP839,729.86
e) Date of the transaction 1. 16 April 2022
2. 16 April 2022
3. 14 April 2022
4. 14 April 2022
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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 136,838 shares.
2. Sale of 66,025 shares to cover tax and social security. The balance of
70,813 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 136,838
2. GBP2.744 2. 66,025
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 136,838 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 66,025 2. GBP181,172.60
e) Date of the transaction 16 April 2022
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Kerrigan Procter
2 Reason for the notification
a) Position/status President of Asia-Pacific/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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 132,945 shares.
2. Sale of 64,146 shares to cover tax and social security. The balance of
68,799 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 132,945
2. GBP2.744 2. 64,146
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 132,945 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 64,146 2. GBP176,016.62
e) Date of the transaction 16 April 2022
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Emma Hardaker-Jones
2 Reason for the notification
a) Position/status Group HR Director/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. Vesting of SBP Award over 30,733 shares.
2. Sale of 30,733 shares, of which 14,830 were sold to cover tax (no
shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 30,733
2. GBP2.744 2. 30,733
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 30,733 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 30,733 2. GBP84,331.35
e) Date of the transaction 16 April 2022
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Chris Knight
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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 63,914 shares.
2. Sale of 30,839 shares to cover tax and social security. The balance of
33,075 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 63,914
2. GBP2.744 2. 30,839
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 63,914 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 30,839 2. GBP84,622.22
e) Date of the transaction 16 April 2022
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Geoffrey Timms
2 Reason for the notification
a) Position/status Group General Counsel and Company Secretary/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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 38,385 shares.
2. Sale of 18,521 shares to cover tax and social security. The balance of
19,864 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 38,385
2. GBP2.744 2. 18,521
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 38,385 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 18,521 2. GBP50,821.62
e) Date of the transaction 16 April 2022
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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 27,485 shares.
2. Sale of 13,262 shares to cover tax and social security. The balance of
14,223 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 27,485
2. GBP2.744 2. 13,262
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 27,485 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 13,262 2. GBP36,390.93
e) Date of the transaction 16 April 2022
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name John Godfrey
2 Reason for the notification
a) Position/status Corporate Affairs Director/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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 15,783 shares.
2. Sale of 7,616 shares to cover tax and social security. The balance of
8,167 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 15,783
2. GBP2.744 2. 7,616
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 15,783 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 7,616 2. GBP20,898.30
e) Date of the transaction 16 April 2022
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Catherine Mason
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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 78,052 shares.
2. Sale of 37,661 shares to cover tax and social security. The balance of
40,391 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 78,052
2. GBP2.744 2. 37,661
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 78,052 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 37,661 2. GBP103,341.78
e) Date of the transaction 16 April 2022
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 Retail/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 Ordinary shares of GBP0.025 each, with voting rights attached
financial instrument, type GB0005603997
of instrument
Identification code
b) Nature of transaction 1. Vesting of SBP Award over 37,753 shares.
2. Sale of 18,216 shares to cover tax and social security. The balance of 19,537
shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBP0.00 1. 37,753
2. GBP2.744 2. 18,216
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 37,753 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.744 2. 18,216 2. GBP49,984.70
e) Date of the transaction 16 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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