Last checked at 2 Jul 2020 17:30
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 and 19.3 of the Market Abuse Regulation ("MAR") relates to the vesting of conditional and restricted shares awarded on 18 April 2017. These shares vested on 19 May 2020 and were released under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP), in respect of the Director below. Under the plan provisions, the default of selling sufficient shares to cover tax liabilities and retention of the remaining shares is applied if no election is received from participants.
Number of shares vested on 19 May 2020 | Shares retained by ESOT to cover tax
| Shares retained by individual |
12,024 | 5,652 | 6,372 |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Geoffrey Timms | |
2 | Reason for the notification | ||
a) | Position/status | 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 | Exercise of SBP Award of options over 12,024 shares. 5,652 retained by ESOT and 6,372 retained by individual. | |
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) |
1. £0.00 | 1. 12,024 | ||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | |
e) | Date of the transaction | 19 May 2020 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
02 July 2020
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107