Last checked at 20 Apr 2022 17:00
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
On 19 April 2022 Legal & General Group Plc (the "Company") received notification that on that day the Directors and PDMRs named below had been awarded nil cost options over ordinary shares of 2.5p under the terms of the Performance Share Plan ("PSP") at an award price of £2.7112. All PSP awards will vest, subject to satisfaction of the performance conditions, after three years but the participants will not be able to exercise the options before 19 April 2027.
The performance period in respect of the PSP award will end on 31 December 2024. 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 2024 annual results. Options must be exercised by the seventh anniversary of the date of grant.
On 19 April 2022 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares or restricted shares at a price of £2.72 per ordinary share under the terms of the Share Bonus Plan ("SBP"). All SBP awards vest on 19 April 2025.
Name | Director/ PDMR | Number of PSP optionsawarded on 19 April 2022at a price of £2.7112 | Number of SBP Conditional Shares awarded on 19 April 2022 at a price of £2.72 | Number of SBP Restricted Shares awarded on19 April 2022 at a priceof £2.72 |
Nigel Wilson | Director | 948,380 | 255,220 | - |
Jeff Davies | Director | 582,767 | 149,981 | - |
Kerrigan Procter | PDMR | 502,544 | - | 140,257 |
Michelle Scrimgeour | PDMR | 576,313 | - | 136,286 |
John Godfrey | PDMR | 118,508 | - | 28,676 |
Emma Hardaker-Jones | PDMR | 194,747 | - | 43,658 |
Bernard Hickman | PDMR | 276,630 | - | 65,312 |
Chris Knight | PDMR | 195,928 | - | 56,985 |
Stephen Licence | PDMR | 88,521 | - | 32,941 |
Catherine Mason | PDMR | 392,123 | - | 128,676 |
Andrew Kail | PDMR | 542,195 | - | 124,136 |
Geoffrey Timms | PDMR | 210,681 | - | 51,011 |
PSP Awards
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | 1. Nigel Wilson 2. Jeff Davies 3. Kerrigan Procter 4. Michelle Scrimgeour 5. John Godfrey 6. Emma Hardaker-Jones 7. Bernard Hickman 8. Chris Knight 9. Stephen Licence 10. Catherine Mason 11. Andrew Kail 12. Geoffrey Timms
| |
2 | Reason for the notification | ||
a) | Position/status | 1. Group Chief Executive Officer/Director 2. Group Chief Financial Officer/Director 3. President of Asia-Pacific/PDMR 4. Chief Executive Officer, Legal & General Investment Management/PDMR 5. Corporate Affairs Director/PDMR 6. Group HR Director/PDMR 7. Chief Executive Officer, Legal & General Retail/PDMR 8. Group Chief Risk Officer/PDMR 9. Group Chief Internal Auditor/PDMR 10. Chief Executive Officer, Legal & General Capital/PDMR 11. Chief Executive Officer, Legal & General Institutional Retirement/PDMR 12. Group General Counsel and Company Secretary/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 options award for the directors/PDMRs listed in 1a above
| |
c)
| Price(s) and volume(s)
| Price(s) | Volume |
1. £2.7112 | 1. 948,380 | ||
2. £2.7112 | 2. 582,767 | ||
3. £2.7112 | 3. 502,544 | ||
4. £2.7112 | 4. 576,313 | ||
5. £2.7112 | 5. 118,508 | ||
6. £2.7112 | 6. 194,747 | ||
7. £2.7112 | 7. 276,630 | ||
8. £2.7112 | 8. 195,928 | ||
9. £2.7112 | 9. 88,521 | ||
10. £2.7112 | 10. 392,123 | ||
11. £2.7112 | 11. 542,195 | ||
12. £2.7112 | 12. 210,681 | ||
d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction) | |
e) | Date of the transaction | 19 April 2022 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
SBP Awards (Restricted and Conditional)
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | 1. Nigel Wilson 2. Jeff Davies 3. Kerrigan Procter 4. Michelle Scrimgeour 5. John Godfrey 6. Emma Hardaker-Jones 7. Bernard Hickman 8. Chris Knight 9. Stephen Licence 10. Catherine Mason 11. Andrew Kail 12. Geoffrey Timms
| |
2 | Reason for the notification | ||
a) | Position/status | 1. Group Chief Executive Officer/Director 2. Group Chief Financial Officer/Director 3. President of Asia-Pacific/PDMR 4. Chief Executive Officer, Legal & General Investment Management/PDMR 5. Corporate Affairs Director/PDMR 6. Group HR Director/PDMR 7. Chief Executive Officer, Legal & General Retail/PDMR 8. Group Chief Risk Officer/PDMR 9. Group Chief Internal Auditor/PDMR 10. Chief Executive Officer, Legal & General Capital/PDMR 11. Chief Executive Officer, Legal & General Institutional Retirement/PDMR 12. Group General Counsel and Company Secretary/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. SBP conditional shares award for the directors listed in 1a above 2. SBP restricted shares award for the PDMRs listed in 1a above
| |
c)
| Price(s) and volume(s)
| Price(s) | Volume |
1. £2.72 | 1. 255,220 | ||
2. £2.72 | 2. 149,981 | ||
3. £2.72 | 3. 140,257 | ||
4. £2.72 | 4. 136,286 | ||
5. £2.72 | 5. 28,676 | ||
6. £2.72 | 6. 43,658 | ||
7. £2.72 | 7. 65,312 | ||
8. £2.72 | 8. 56,985 | ||
9. £2.72 | 9. 32,941 | ||
10. £2.72 | 10. 128,676 | ||
11. £2.72 | 11. 124,136 | ||
12. £2.72 | 12. 51,011 | ||
d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction) | |
e) | Date of the transaction | 19 April 2022 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
20 April 2022
Andrew Fairhurst
Director of Company Secretarial
Legal & General Group Plc
Tel: 020 3124 2102