Director/PDMR Shareholding

RNS Number : 5051V
Legal & General Group Plc
14 April 2021
 

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

On 13 April 2021 Legal & General Group Plc (the "Company") received notification that on that day the Directors and PDMRs named below had been awarded nil cost options over ordinary shares of 2.5p under the terms of the Performance Share Plan ("PSP") at an award price of £2.9420. All PSP awards will vest, subject to satisfaction of the performance conditions, after two years but the participants will not be able to exercise the options before 13 April 2026. 

The performance period in respect of the PSP award will end on 31 December 2023. The performance conditions attached to the PSP award will then be tested and the vesting percentage confirmed after the announcement of the Legal & General's 2023 annual results. Options must be exercised by the seventh anniversary of the date of grant.

On 13 April 2021 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares or restricted shares at a price of £2.95370 per ordinary share under the terms of the Share Bonus Plan ("SBP"). All SBP awards vest on 14 April 2024.  

Name

Director/ PDMR

Number of PSP options awarded on 13 April 2021 at a price of £2.9420

Number of SBP Conditional Shares awarded on 13 April 2021 at a price of £2.95370

Number of SBP Restricted Shares awarded on 13 April 2021 at a price of £2.95370

Nigel Wilson

Director

832,341

58,520

-

Jeff Davies

Director

501,359

36,039

-

Kerrigan Procter

PDMR

463,120

-

45,840

Michelle Scrimgeour

PDMR

505,608

-

65,155

Simon Gadd

P DMR

208,021

-

37,241

John Godfrey

P DMR

103,976

-

12,746

Emma Hardaker-Jones

P DMR

163,154

-

32,269

Bernard Hickman

P DMR

189,666

-

42,963

Chris Knight

P DMR

168,592

-

36,022

Stephen Licence

P DMR

76,138

-

26,542

Laura Mason

P DMR

305,914

-

92,866

Andrew Kail

PDMR

475,866

-

-

Geoffrey Timms

P DMR

184,908

-

36,564

 

 

PSP Awards

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.  Nigel Wilson

2.  Jeff Davies

3.  Kerrigan Procter

4.  Michelle Scrimgeour

5.  Simon Gadd

6.  John Godfrey

7.  Emma Hardaker-Jones

8.  Bernard Hickman

9.  Chris Knight

10.  Stephen Licence

11.  Laura Mason

12.  Andrew Kail

13.  Geoffrey Timms

 

 

2

Reason for the notification

a)

Position/status

1.  Group Chief Executive Officer/ Director

2.  Group Chief Financial Officer/Director

3.  Chief Executive Officer, Legal & General Capital/PDMR

4.  Chief Executive Officer, Legal & General Investment Management/PDMR

5.  Group Chief Risk Officer/PDMR

6.  Corporate Affairs Director/PDMR

7.  Group HR Director/PDMR

8.  Chief Executive Officer, Legal & General Insurance/PDMR

9.  PDMR

10.  Group Chief Internal Auditor/PDMR

11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR

12.  Chief Executive Officer Legal & General Retail Retirement/PDMR

13.  Group General Counsel and Company Secretary/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

PSP options award for the directors/PDMRs listed in 1a above 

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.  £2.9420

1.  832,341

2.  £2.9420

2.  501,359



3.  £2.9420

3.  463,120



4.  £2.9420

4.  505,608



5.  £2.9420

5.  208,021



6.  £2.9420

6.  103,976



7.  £2.9420

7.  163,154



8.  £2.9420

8.  189,666



9.  £2.9420

9.  168,592



10.  £2.9420

10.  76,138



11.  £2.9420

11.  305,914



12.  £2.9420

12.  475,866



13.  £2.9420

13.  184,908

d)

Aggregated information

-  Aggregated volume

-  Price

 N/A (Single Transaction)

e)

Date of the transaction

13 April 2021

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

SBP Awards (Restricted and Conditional)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.  Nigel Wilson

2.  Jeff Davies

3.  Kerrigan Procter

4.  Michelle Scrimgeour

5.  Simon Gadd

6.  John Godfrey

7.  Emma Hardaker-Jones

8.  Bernard Hickman

9.  Chris Knight

10.  Stephen Licence

11.  Laura Mason

12.  Geoffrey Timms

 

 

2

Reason for the notification

a)

Position/status

1.  Group Chief Executive Officer/ Director

2.  Group Chief Financial Officer/Director

3.  Chief Executive Officer, Legal & General Capital/PDMR

4.  Chief Executive Officer, Legal & General Investment Management/PDMR

5.  Group Chief Risk Officer/PDMR

6.  Corporate Affairs Director/PDMR

7.  Group HR Director/PDMR

8.  Chief Executive Officer, Legal & General Insurance/PDMR

9.  PDMR

10.  Group Chief Internal Auditor/PDMR

11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR

12.  Group General Counsel and Company Secretary/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

1.  SBP conditional shares award for the directors listed in 1a above

2.  SBP restricted shares award for the PDMRs listed in 1a above

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.  £2.95370

1.  58,520

2.  £2.95370

2.  36,039



3.  £2.95370

3.  45,840



4.  £2.95370

4.  65,155



5.  £2.95370

5.  37,241



6.  £2.95370

6.  12,746



7.  £2.95370

7.  32,269



8.  £2.95370

8.  42,963



9.  £2.95370

9.  36,022



10.  £2.95370

10.  26,542



11.  £2.95370

11.  92,866



12.  £2.95370

12.  36,564

d)

Aggregated information

-  Aggregated volume

-  Price

 N/A (Single Transaction)

e)

Date of the transaction

13 April 2021

f)

Place of the transaction

London Stock Exchange, XLON

 

 

14 April 2021

 

Leanne Cornish

Senior Assistant Company Secretary

Legal & General Group Plc

 

Tel: 0203 124 2107

 

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