Last checked at 10 May 2018 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 article 19.1 and 19.3 of the Market Abuse Regulation ("MAR") relates to the exercise of an award granted on 17 April 2013 under the terms of the Legal & General Group Performance Share Plan 2013 (PSP 2013).
The performance conditions attached to the PSP 2013 award provide that one third of the vested options become exercisable subject to the 2015 results with the second third becoming exercisable after the announcement of the 2016 results and the remaining third after the announcement of the 2017 results. PSP awards must be exercised by the seventh anniversary of the date of grant.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||
a) | Name | Jackie Noakes | ||||||||||||||||
2 | Reason for the notification | |||||||||||||||||
a) | Position/status | Managing Director, Savings | ||||||||||||||||
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. Exercising of 137,292 restricted shares awarded under the terms of PSP 2013. 2. Sale of 137,292 shares (0 shares retained) | ||||||||||||||||
c)
| Price(s) and volume(s)
| Price(s) | Volume | |||||||||||||||
1. Nil cost | 1. 137,292 | |||||||||||||||||
2. £2.680 | 2. 137,292 | |||||||||||||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||||||
e) | Date of the transaction | 16 April 2018 | ||||||||||||||||
f) | Place of the transaction | London Stock Exchange, XLON | ||||||||||||||||
10 May 2018
Olaitan Popoola
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2108