Last checked at 9 Mar 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 of the Market Abuse Regulation ("MAR") relates to the exercise of an award granted on 11 June 2014 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP). This announcement is made in accordance with Article 19.3 of MAR.
The performance conditions attached to the PSP award provide that one third of the vested options become exercisable subject to the 2016 results with the second third becoming exercisable after the announcement of the 2017 results and the remaining third after the announcement of the 2018 results. PSP awards must be exercised by the seventh anniversary of the date of grant.
Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | 1. Nigel Wilson 2. Mark Zinkula 3. Kerrigan Procter 4. Bernard Hickman 5. Chris Knight 6. Laura Mason | |
2 | Reason for the notification | ||
a) | Position/status | 1. Group Chief Executive/Director 2. Chief Executive Officer, Legal & General Investment Management 3. Chief Executive Officer, Legal & General Capital/Director 4. Chief Executive Officer, Legal & General Insurance/PDMR 5. Chief Executive Officer, Legal & General Retirement, Retail/PDMR 6. Chief Executive Officer, Legal & General Retirement, 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 | Vesting of 2014 PSP Award of nil cost options over shares.
| |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1. £2.642 2. £2.642 3. £2.642 4. £2.642 5. £2.642 6. £2.642 | 1. 150,763 2. 100,800 3. 39,759 4. 20,125 5. 23,140 6. 10,378 | ||
d) | Aggregated information - Aggregated volume - Price
| N/A (Single transaction) | |
e) | Date of the transaction | 8 March 2018 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
9 March 2018
Olaitan Popoola
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2108