Last checked at 19 Apr 2018 17:01
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
On 16 April 2018 Legal & General Group Plc (the Company) received notification that on that day the Directors and PDMRs named below were awarded restricted shares at a price of 268.8p per ordinary share under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP). The restricted period in respect of the SBP awards will end on 16 April 2021.
On 16 April 2018 the Company also received notification that on that day the Directors and PDMRs named below had been awarded a nil cost option over ordinary shares of 2.5p under the terms of the Legal & General Group Performance Share Plan 2014 ("PSP") at an award price of 2.6708p.
The performance period in respect of the PSP award will end on 31 December 2020. 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 2020 annual results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2021 results and the remaining third after the announcement of the 2022 results. Options must be exercised by the seventh anniversary of the date of grant.
Name | Director/PDMR | Number of SBP Shares Awarded | Number of PSP Shares Awarded |
Nigel Wilson | Director | 216,428 | 867,717 |
Jeff Davis | Director | 122,767 | 477,385 |
Kerrigan Procter | Director | 132,202 | 453,515 |
Mark Zinkula | Director | 164,818 | 597,199 |
Bernard Hickman | PDMR | 32,469 | 189,044 |
Chris Knight | PDMR | 23,530 | 129,174 |
Laura Mason | PDMR | 37,667 | 148,270 |
Cheryl Agius | PDMR | 26,264 | 134,491 |
The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the SBP.
Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | 1. Nigel Wilson 2. Jeff Davis 3. Kerrigan Procter 4. Mark Zinkula 5. Bernard Hickman 6. Chris Knight 7. Cheryl Agius 8. Laura Mason | |
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/Director 4. Chief Executive Officer, Legal & General Investment Management Limited/Director 5. Chief Executive Officer Legal & General Insurance/PDMR 6. Chief Executive Officer, Legal & General Retirement/PDMR 7. Chief Executive Officer, General Insurance business/PDMR 8. CEO, LGR Institutional/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 | SBP restricted shares award | |
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) |
1. 2.688 | 1. 216,428 | ||
2. 2.688 | 2. 122,767 | ||
3 2.688 | 3. 132,202 | ||
4. 2.688 | 4. 164,818 | ||
5. 2.688 | 5. 32,469 | ||
6. 2.688 | 6. 23,530 | ||
7. 2.688 | 7. 26,264 | ||
8. 2.688 | 8. 37,667 | ||
d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction) | |
e) | Date of the transaction | 16 April 2018 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the Legal & General Group Performance Share Plan 2014 (PSP).
Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | 1. Nigel Wilson 2. Jeff Davis 3. Kerrigan Procter 4. Mark Zinkula 5. Bernard Hickman 6. Chris Knight 7. Laura Mason 8. Cheryl Agius | |
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/Director 4. Chief Executive Officer, Legal & General Investment Management Limited/Director 5. Chief Executive Officer Legal & General Insurance/PDMR 6. Chief Executive Officer, Legal & General Retirement/PDMR 7. Chief Executive Officer, Legal & General Retirement, Institutional 8. Chief Executive Officer, General Insurance business/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 shares award | |
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) |
1. 2.6708 | 1. 867,717 | ||
2. 2.6708 | 2. 477,385 | ||
3. 2.6708 | 3. 453,515 | ||
4. 2.6708 | 4. 597,199 | ||
5. 2.6708 | 5. 189,044 | ||
6. 2.6708 | 6. 129,174 | ||
7. 2.6708 | 7. 148,270 | ||
8. 2.6708 | 8. 134,491 | ||
d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction) | |
e) | Date of the transaction | 16 April 2018 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
19 April 2018
Olaitan Popoola
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2108