Last checked at 19 Mar 2019 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 articles 19.1 and 19.3 of the Market Abuse Regulation ("MAR") relates to:
· the exercise of an award granted on 21 April 2016 under the terms of the Legal & General Group Performance Share Plan 2016 (PSP 2016).
The performance conditions attached to the PSP 2016 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the 2018 results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2019 results and the remaining third after the announcement of the 2020 results. Options must be exercised by the seventh anniversary of the date of grant.
Name | Director/ PDMR | Number of shares awarded on 21 April 2016 | Number of shares exercised on 15 March 2019 | Total shares sold | Shares retained by individual |
Laura Mason | PDMR | 10,711 | 10,711 | 10,711 | 0 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Laura Mason | ||
2 | Reason for the notification | |||
a) | Position/status | 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 | 1. Exercise of PSP 2016 award of nil cost options over 10,711 shares. 2. Sale of 10,711 shares. | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume | |
1. Nil cost | 1. 10,711 | |||
2. £2.819 | 2. 10,711 | |||
d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
1. £0.00 | 1. 10,711 | 1. £0.00 | ||
2. Price | 2. Volume | 2. Total | ||
2. £2.819 | 2. 10,711 | 2. £30,194.31 | ||
e) | Date of the transaction | 15 March 2019 | ||
f) | Place of the transaction | London Stock Exchange, XLON | ||
19 March 2019
Daniella Newson
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107