Last checked at 2 Jun 2021 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 and 19.3 of the Market Abuse Regulation ("MAR") relates to the vesting of conditional and restricted shares awarded on 18 July 2019. These shares vested on 31 May 2021 and were released under the terms of the Legal & General Group Share Bonus Plan (SBP), in respect of the PDMR 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 31 May 2021 | Shares sold to cover tax (price £2.843)
| Shares retained by individual |
111,124 | 52,229 | 58,895 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Michelle Scrimgeour | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive Officer, Legal & General Investment Management/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. Vesting of SBP Award over 111,124 shares 2. Sale of 52,229 shares to cover tax and social security. The balance of 58,895 shares retained. | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
1. £0.00 | 1. 111,124 | |||
2. £2.843 | 2. 52,229 | |||
d) | Aggregated information - Aggregated volume - Price | 1. Price | 1 Volume | Total |
1. £0.00 | 1. 111,124 | 1. £0.00 | ||
2. Price | 2. Volume | 2. Total | ||
2. £2.843 | 2. 52,229 | 2.£148,487.047 | ||
e) | Date of the transaction | 31 May 2021 | ||
f) | Place of the transaction | London Stock Exchange, XLON | ||
02 June 2021
Andrew Fairhurst
Head of Company Secretarial
Legal & General Group Plc
Tel: 0203 124 2107