Last checked at 9 May 2019 17:00
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
On 16 April 2019 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 PSP at an award price of £2.8544. 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 until two years after vesting.
The performance period in respect of the PSP award will end on 31 December 2021. 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 2021 annual results. Options must be exercised by the seventh anniversary of the date of grant.
On 16 April 2019 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares, restricted shares or a combined award of CSOP options and restricted shares at a price of £2.867 per ordinary share under the terms of the SBP ("SBP 2019"). All SBP awards vest on 16 April 2022.
Name | Director/ PDMR | Number of PSP options awarded on 16 April 2019 at a price of £2.8544 | Number of SBP Conditional Shares awarded on 16 April 2019 at a price of £2.867 | Number of SBP Restricted Shares awarded on 16 April 2019 at a price of £2.867 | Number of CSOP & SBP Restricted Shares awarded on 16 April 2019 at a price of £2.867 |
Nigel Wilson | Director | 828,107 | 194,979 | - | - |
Jeff Davies | Director | 486,091 | 111,272 | - | - |
Kerrigan Procter | Director | 459,816 | 108,107 | - | - |
Mark Zinkula | Director | - | 121,306 | - | - |
Cheryl Agius | PDMR | 125,840 | - | 54,178 | - |
Simon Gadd | PDMR | 204,946 | - | 40,913 | - |
John Godfrey | PDMR | 103,979 | - | 15,783 | - |
Emma Hardaker-Jones | PDMR | 156,109 | - | 24,672 | 6,061 |
Bernard Hickman | PDMR | 189,181 | - | 37,753 | - |
Chris Knight | PDMR | 147,141 | - | 63,914 | - |
Stephen Licence | PDMR | 76,022 | - | 27,485 | - |
Laura Mason | PDMR | 220,711 | - | 78,052 | - |
Claire Singleton | PDMR | 95,641 | - | - | - |
Geoffrey Timms | PDMR | 184,977 | - | 38,385 | - |
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. Cheryl Agius 5. Simon Gadd 6. John Godfrey 7. Emma Hardaker-Jones 8. Bernard Hickman 9. Chris Knight 10. Stephen Licence 11. Laura Mason 12. Claire Singleton 13. Geoffrey Timms
| |
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, General Insurance /PDMR 5. Group Chief Risk Officer/PDMR 6. Corporate Affairs Director/PDMR 7. Group Human Resources Director/PDMR 8. Chief Executive Officer Legal & General Insurance/PDMR 9. Chief Executive Officer, Legal & General Retirement, Retail/PDMR 10. Group Chief Internal Auditor/PDMR 11. Chief Executive Officer, Legal & General Retirement, Institutional/PDMR 12. Chief Executive Officer, Mature Savings/ PDMR 13. 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. £2.8544 | 1. 828,107 | ||
2. £2.8544 | 2. 486,091 | ||
3. £2.8544 | 3. 459,816 | ||
4. £2.8544 | 4. 125,840 | ||
5. £2.8544 | 5. 204,946 | ||
6. £2.8544 | 6. 103,979 | ||
7. £2.8544 | 7. 156,109 | ||
8. £2.8544 | 8. 189,181 | ||
9. £2.8544 | 9. 147,141 | ||
10. £2.8544 | 10. 76,022 | ||
11. £2.8544 | 11. 220,711 | ||
12. £2.8544 | 12. 95,641 | ||
13. £2.8544 | 13. 184,977 | ||
d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction) | |
e) | Date of the transaction | 16 April 2019 | |
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. Mark Zinkula 5. Cheryl Agius 6. Simon Gadd 7. John Godfrey 8. Emma Hardaker-Jones 9. Bernard Hickman 10. Chris Knight 11. Stephen Licence 12. Laura Mason 13. Geoffrey Timms
| |
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, General Insurance /PDMR 6. Group Chief Risk Officer/PDMR 7. Corporate Affairs Director/PDMR 8. Group Human Resources Director/PDMR 9. Chief Executive Officer Legal & General Insurance/PDMR 10. Chief Executive Officer, Legal & General Retirement, Retail/PDMR 11. Group Chief Internal Auditor/PDMR 12. Chief Executive Officer, Legal & General Retirement, Institutional/PDMR 13. 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 (1 to 4) listed in 1a above 2. SBP restricted shares award for the PDMRs (5 to 13) listed in 1a above | |
c)
| Price(s) and volume(s)
| Price(s) | Volume |
1. £2.867 | 1. 194,979 | ||
2. £2.867 | 2. 111,272 | ||
3. £2.867 | 3. 108,107 | ||
4. £2.867 | 4. 121,306 | ||
5. £2.867 | 5. 54,178 | ||
6. £2.867 | 6. 40,913 | ||
7. £2.867 | 7. 15,783 | ||
8. £2.867 | 8. 24,672 | ||
9. £2.867 | 9. 37,753 | ||
10. £2.867 | 10. 63,914 | ||
11. £2.867 | 11. 27,485 | ||
12. £2.867 | 12. 78,052 | ||
13. £2.867 | 13. 38,385 | ||
d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction) | |
e) | Date of the transaction | 16 April 2019 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
Combined award of CSOP options and SBP restricted shares
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Emma Hardaker-Jones | |
2 | Reason for the notification | ||
a) | Position/status | Group Human Resources Director/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 | Combined award of CSOP options and SBP restricted shares
| |
c)
| Price(s) and volume(s)
| Price(s) | Volume |
1. £2.867 | 1. 6,061 | ||
d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction) | |
e) | Date of the transaction | 16 April 2019 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
09 May 2019
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107