Legal & General Group Plc Director/PDMR Shareholding (0217U)
March 30 2021 - 12:01PM
UK Regulatory
TIDMLGEN
RNS Number : 0217U
Legal & General Group Plc
30 March 2021
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 14 April 2015 under the
terms of the Legal & General Group Performance Share Plan 2015
(PSP 2015);
-- the exercise of awards granted on 21 April 2016 under the
terms of the Legal & General Group Performance Share Plan 2016
(PSP 2016); and
-- the exercise of awards granted on 18 April 2017 under the
terms of the Legal & General Group Performance Share Plan 2017
(PSP 2017).
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 2015 options must be
exercised by the seventh anniversary of the date of grant.
The performance conditions attached to the PSP 2016 awards
provide that the award vests, subject to satisfaction of the
performance conditions, after the announcement of the results for
2018 with one third of vested options becoming exercisable
immediately, the second third becoming exercisable after the
announcement of the 2019 results and the remaining third after the
announcement of the 2020 results. PSP 2016 options must be
exercised by the seventh anniversary of the date of grant.
The performance conditions attached to the PSP 2017 awards
provide that the award vests, subject to satisfaction of the
performance conditions, after the announcement of the results for
2019 with one third of vested options becoming exercisable
immediately, the second third becoming exercisable after the
announcement of the 2020 results and the remaining third after the
announcement of the 2021 results. PSP 2017 options must be
exercised by the seventh anniversary of the date of the grant.
Name Director/ PDMR Number of Number of Number of Number of Shares sold Shares
shares shares shares shares to cover tax retained by
awarded on 14 awarded on 21 awarded on 18 exercised on and social individual
April 2015 April 2016 April 2017 29 March security
2021
Christopher
Knight PDMR 26,099 50,294 83,912 160,305 75,345 84,960
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Christopher Knight
2 Reason for the notification
a) Position/status PDMR
b) Initial Initial Notification
notification/Amendment
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 Ordinary shares of GBP0.025 each, with voting rights attached
instrument, type of GB0005603997
instrument
Identification code
b) Nature of transaction 1. Exercise of PSP 2015 award of nil cost options over 26,099 shares,
exercise of PSP 2016
award of nil cost options over 50,294 shares, and exercise of PSP 2017 award
of nil cost options
over 83,912 shares.
2. Sale of 75,345 shares to cover tax and dealing costs (nil shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1. 160,305
2. GBP2.758 2. 75,345
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 160,305 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.758 2. 75,345 2. GBP207,801.51
e) Date of the transaction 29 March 2021
f) Place of the transaction London Stock Exchange, XLON
30 March 2021
Leanne Cornish
Senior Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
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END
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