Director/PDMR Shareholding

RNS Number : 3225H

Legal & General Group Plc

09 March 2018

 

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	1.   Nigel Wilson 2.   Mark Zinkula 3.   Kerrigan Procter 4.   Bernard Hickman 5.   Chris Knight 6.   Laura Mason
2	Reason for the notification
a)	Position/status	1.   Group Chief Executive/Director 2.   Chief Executive Officer, Legal & General Investment Management 3.   Chief Executive Officer, Legal & General Capital/Director 4.   Chief Executive Officer, Legal & General Insurance/PDMR 5.   Chief Executive Officer, Legal & General Retirement, Retail/PDMR 6.   Chief Executive Officer, Legal & General Retirement, Institutional/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 instrument, type of instrument Identification code	Ordinary shares of £0.025 each, with voting rights attached GB0005603997
b)	Nature of transaction	Vesting of 2014 PSP Award of nil cost options over shares.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.   £2.642 2.   £2.642 3.   £2.642 4.   £2.642 5.   £2.642 6.   £2.642	1.   150,763 2.   100,800 3.   39,759 4.   20,125 5.   23,140 6.   10,378
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single transaction)
e)	Date of the transaction	8 March 2018
f)	Place of the transaction	London Stock Exchange, XLON

9 March 2018

Olaitan Popoola

Assistant Company Secretary

Legal & General Group Plc

Tel: [phone]

 

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