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18 Apr 2023 18:00
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 of the UK Market Abuse Regulation ("UK MAR") relates to the exercise of awards granted on 16 April 2018 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 2018 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2020. The number of options that vested were then subject to a two year holding period that ended on 16 April 2023 when the options became exercisable. The options must be exercised by the seventh anniversary of the date of the grant.
Name | Director/ PDMR | Number of shares awarded on16 April 2018 | Number of shares exercised on 16 April 2023 | Shares sold to cover tax and social security | Shares retained by individual |
Laura Mason | PDMR | 41,027 | 41,027 | 19,283 | 21,744 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Laura Mason | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive Officer, Legal & General Capital/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. Exercise of PSP 2018 award of nil cost options over 41,027 shares. 2. Sale of 19,283 shares to cover tax and dealing costs (21,744 shares retained). | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume | |
1. Nil cost | 1. 41,027 | |||
2. £2.501 | 2. 19,283 | |||
d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
1. £0.00 | 1. 41,027 | 1. £0.00 | ||
2. Price | 2. Volume | 2. Total | ||
2. £2.501 | 2. 19,283 | 2. £48,226.78 | ||
e) | Date of the transaction | 16 April 2023 | ||
f) | Place of the transaction | London Stock Exchange, XLON | ||
18 April 2023
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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