Last checked at 14 Mar 2018 17:05
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 2014); and
· the exercise of an award granted on 14 April 2015 under the terms of the Legal & General Group Performance Share Plan 2015 (PSP 2015).
This announcement is made in accordance with Article 19.3 of MAR.
The performance conditions attached to the PSP 2014 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.
The performance conditions attached to the PSP 2015 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2017 with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2018 results and the remaining third after the announcement of the 2019 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 | Bernard Hickman | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer, Legal & General Insurance/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 2014 PSP Award of nil cost options over 27,830 shares. 2. Exercise of 2015 PSP Award of nil cost options over 20,125 shares. | |
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) |
1. Nil cost | 1. 27,830 | ||
2. Nil cost | 2. 20,125 | ||
d) | Aggregated information - Aggregated volume - Price |
47,955 £0.00 | |
e) | Date of the transaction | 12 March 2018 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
14 March 2018
Olaitan Popoola
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2108