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Legal & General Grp (LGEN)

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Wednesday 09 May, 2012

Legal & General Grp

Director/PDMR Shareholding

RNS Number : 9710C
Legal & General Group Plc
09 May 2012
 



Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities (PDMRs) and Connected Persons

 

The Legal & General Group Plc Performance Share Plan 2004 (PSP)

 

On 9 May 2012 Legal & General Group Plc (the Company) received notification that nil-cost options had vested and been exercised under the terms of the PSP, in respect of the Directors and PDMRs named below.

 

Name

Director/

PDMR

Award Granted on 6 May 2009

Nil-cost options vested on 8 May 2012

Nil-cost options exercised and shares subsequently sold on 8 May 2012 at a price of 111.325p per ordinary share.

Timothy Breedon

Director

1,984,536

1,984,536

1,984,536

Andrea Blance

PDMR

362,886

362,886

362,886

Gareth Hoskin

PDMR

554,381

554,381

288,279*

Elaine MacLean

PDMR

329,896

329,896

329,896

       * Shares sold to meet tax and national insurance liability.

 

The Legal & General Group Plc Share Bonus Plan 2004 (SBP)

 

On 9 May 2012 the Company received notification that shares had vested and been released under the terms of the SBP, in respect of the Directors and PDMRs named below.

 

Name

Director/

PDMR

Award Granted on 6 May 2009 relating to the deferred shares element of the SBP

Shares vested on 6 May 2012

Shares vested and subsequently sold on 8 May 2012 at a price of 111.325p per ordinary share.

Mark Gregory

Director

41,237

41,237

21,444*

Andrea Blance (1)

PDMR

72,164

72,164

62,268

Gareth Hoskin

PDMR

51,546

51,546

26,804*

Elaine MacLean

PDMR

41,237

41,237

41,237

Philippa Scott

PDMR

20,618

20,618

10,722*

Geoffrey Timms

PDMR

60,137

60,137

60,137

       * Shares sold to meet tax and national insurance liability.

           

Notes 

(1) Maximum SBP award granted to Andrea Blance and vested on 6 May 2012 includes an award of 20,618 shares granted to David Brown, a person connected to Andrea. SBP shares sold by Andrea Blance include 10,722 shares sold by David Brown (such shares were sold to meet tax and national insurance liability), a person connected to Andrea.

 

This disclosure relates to transactions notified in accordance with DTR 3.1.4R(1)(a). 

These transactions took place in London.

 

Name of person making notification:

Natasha Mora

Contact number:

020 3124 2100

Date of notification:

9 May 2012

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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