Director/PDMR Shareholding

RNS Number : 5749Z
Legal & General Group Plc
15 March 2017
 

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 of the Market Abuse Regulation ("MAR") relates to the exercise of an award granted on 11 June 2014 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP). This announcement is made in accordance with Article 19.3 of MAR.

The performance conditions attached to the PSP award provide that one third of the vested options become exercisable subject to the 2016 results with the second third becoming exercisable after the announcement of the 2017 results and the remaining third after the announcement of the 2018 results.  PSP awards must be exercised by the seventh anniversary of the date of grant.


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/Director

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 instrument, type of instrument

Identification code

Ordinary shares of £0.025 each, with voting rights attached

 GB0005603997

b)

Nature of transaction

1.   Exercise of 2014 PSP Award of nil cost options over 192,628 shares.

2.   Sale of 90,536 shares to cover tax and dealing costs. The balance of 102,092 shares retained.

 

c)

 

Price(s) and volume(s)

 

            Price(s)

            Volume(s)

1.   Nil cost

1.   192,628

2.   2.464

       2.  90,536

d)

Aggregated information

-      Aggregated volume

-      Price

1.   Price

1. Volume

1. Total

1.   £0.00

1.  192,628

1. 0.00




2. Price

2. Volume

2. Total

2. £2.464

2. 90,536

2. £223,080.704

e)

Date of the transaction

14 March 2017

f)

Place of the transaction

London Stock Exchange, XLON

 

 

15 March 2017

 

 

Helen Baker

Deputy Company Secretary

Legal & General Group Plc

 

Tel: 020 3124 2139

 


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