Last checked at 9 Mar 2020 17:00
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 Market Abuse Regulation ("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 2014);
The performance conditions attached to the PSP 2014 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the 2019 results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2020 results and the remaining third after the announcement of the 2021 results. Options must be exercised by the seventh anniversary of the date of grant
On 6 March 2020 the Company also received notification that on that day the Share Bonus Plan (SBP) awards for Catherine Mason had vested on 6 March 2020.
Name | Director/ PDMR | Number of PSP shares awarded on 18 April 2017 | Number of PSP shares vested on 6 March 2020 | Number of SBP shares awarded on 18 September 2017 | Number of SBP shares vested on 6 March 2020 |
Jeff Davies | Director | 503,544 | 437,579 | - | - |
Simon Gadd | Director | 208,467
| 181,157 | - | - |
Bernard Hickman | Director | 199,403
| 173,281
| - | - |
Christopher Knight | PDMR | 138,978
| 120,771
| - | - |
Stephen Licence | PDMR | 77,747
| 67,562
| - | - |
Kerrigan Procter | Director | 478,367
| 415,700
| - | - |
Geoffrey Timms | PDMR | 198,388
| 172,399
| - | - |
Nigel Wilson | Director | 915,444
| 795,520
| - | - |
Catherine Mason | Director | 88,623
| 77,013
| 43,877 | 29,573 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | 1. Jeff Davies 2. Simon Gadd 3. Bernard Hickman 4. Christopher Knight 5. Stephen Licence 6. Kerrigan Procter 7. Geoffrey Timms 8. Nigel Wilson 9. Catherine Mason | ||
2 | Reason for the notification | |||
a) | Position/status | 1. Group Chief Financial Officer/Director 2. Group Chief Risk Officer/PDMR 3. Chief Executive Officer, Legal & General Insurance/PDMR 4. Chief Executive Officer, Legal & General Retirement, Retail/PDMR 5. Group Chief Internal Auditor/PDMR 6. Chief Executive Officer, Legal & General Capital/Director 7. Group General Counsel and Company Secretary/PDMR 8. Group Chief Executive/Director 9. Chief Executive Officer, Legal & General Retirement | ||
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 PSP 2014 awards | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume | |
1. 241.4p 2. 241.4p 3. 241.4p 4. 241.4p 5. 241.4p 6. 241.4p 7. 241.4p 8. 241.4p 9. 241.4p | 1. 437,579 2. 181,157 3. 173,281 4. 120,771 5. 67,562 6. 415,700 7. 172,399 8. 795,520 9. 77,013 | |||
d) | Aggregated information - Aggregated volume - Price | N/A Single transaction | ||
e) | Date of the transaction | 6 March 2020 | ||
f) | Place of the transaction | London Stock Exchange, XLON | ||
SBP Awards
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Catherine Mason
| ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive Officer, Legal & General Retirement
| ||
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 SBP awards | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume | |
241.4p
| 29,573 | |||
d) | Aggregated information - Aggregated volume - Price | N/A Single transaction | ||
e) | Date of the transaction | 6 March 2020 | ||
f) | Place of the transaction | London Stock Exchange, XLON | ||
9 March 2020
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107