Director/PDMR Shareholding

RNS Number : 7262E

Legal & General Group Plc

14 March 2022

 

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 articles 19.1 and 19.3 of the UK Market Abuse Regulation ("UK MAR") relates to the exercise of an award granted on 18 April 2017 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP).

The performance conditions attached to the options granted under the PSP in 2017 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2019 with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2020 results and the remaining third after the announcement of the 2021 results. The options must be exercised by the seventh anniversary of the date of the grant.

Name	Director/ PDMR	Number of shares awarded on 18 April 2017	Number of shares exercised on 10 March 2022	Shares sold to cover tax and social security	Shares retained by individual
Jeff Davies	Director	168,330	168,330	79,116	89,214

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jeff Davies
2	Reason for the notification
a)	Position/status	Group Chief Financial Officer/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 PSP 2017 award of nil cost options over 168,330 shares. 2.  Sale of 79,116 shares to cover tax and dealing costs (89,214 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  168,330
		2.  £2.559	2.  79,116
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  168,330	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.559	2.  79,116	2.  £202,457.84
e)	Date of the transaction	10 March 2022
f)	Place of the transaction	London Stock Exchange, XLON

14 March 2022

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

Tel: [phone]

 

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