Legal & General Group Plc Director/PDMR Shareholding (7262E)
March 14 2022 - 1:00PM
UK Regulatory
TIDMLGEN
RNS Number : 7262E
Legal & General Group Plc
14 March 2022
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 UK Market Abuse Regulation ("UK MAR") relates to the exercise
of an award granted on 18 April 2017 under the terms of the Legal
& General Group Performance Share Plan 2014 (PSP).
The performance conditions attached to the options granted under
the PSP in 2017 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. The options must be
exercised by the seventh anniversary of the date of the grant.
Name Director/ PDMR Number of shares Number of shares Shares sold to cover Shares retained by
awarded on exercised on 10 tax and social individual
18 April 2017 March 2022 security
Jeff Davies Director 168,330 168,330 79,116 89,214
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Jeff Davies
2 Reason for the notification
a) Position/status Group Chief Financial Officer/Director
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 2017 award of nil cost options over 168,330 shares.
2. Sale of 79,116 shares to cover tax and dealing costs (89,214 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1. 168,330
2. GBP2.559 2. 79,116
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. GBP0.00 1. 168,330 1. GBP0.00
2. Price 2. Volume 2. Total
2. GBP2.559 2. 79,116 2. GBP202,457.84
e) Date of the transaction 10 March 2022
f) Place of the transaction London Stock Exchange, XLON
14 March 2022
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 0203 124 2107
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END
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