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Legal & General Grp (LGEN)

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Wednesday 02 June, 2021

Legal & General Grp

Director/PDMR Shareholding

RNS Number : 6175A
Legal & General Group Plc
02 June 2021
 

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 and 19.3 of the Market Abuse Regulation ("MAR") relates to the vesting of conditional and restricted shares awarded on 18 July 2019. These shares vested on 31 May 2021 and were released under the terms of the Legal & General Group Share Bonus Plan (SBP), in respect of the PDMR below. Under the plan provisions, the default of selling sufficient shares to cover tax liabilities and retention of the remaining shares is applied if no election is received from participants.

Number of shares vested on 31 May 2021

Shares sold to cover tax (price  £2.843)

 

Shares retained by individual

111,124

52,229

58,895

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Michelle Scrimgeour

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Legal & General Investment Management/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.  Vesting of SBP Award over 111,124 shares

2.  Sale of 52,229 shares to cover tax and social security . The balance of 58,895 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.  £0.00

1.  111,124

2.  £ 2.843

2.  52,229

d)

Aggregated information

-  Aggregated volume

-  Price

1.  Price

1 Volume

Total

1.  £0.00

1. 111,124

1. £0.00

2.  Price

2. Volume

2. Total

2.  £2.843

2. 52,229

2. £148,487.047

e)

Date of the transaction

31 May 2021

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

02 June 2021

 

Andrew Fairhurst

Head of Company Secretarial

Legal & General Group Plc

 

Tel: 0203 124 2107

 

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