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

 

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