TIDMLGEN

RNS Number : 2024V

Legal & General Group Plc

12 April 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 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 2016 award 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     Shares sold to   Shares retained 
                                  shares awarded   shares awarded       shares        cover tax and    by individual 
                                    on 21 April      on 18 April    exercised on 9   social security 
                                       2016             2017          April 2021 
Geoffrey Timms        PDMR            37,130           62,317           99,447           46,741            52,706 
 
 
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                        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 2016 award of nil cost options over 37,130 shares, and 
                                          exercise of PSP 
                                          2017 award of nil cost options over 62,317 shares. 
                                          2. Sale of 46,741 shares to cover tax and dealing costs (nil shares 
                                          retained). 
c)   Price(s) and volume(s)         Price(s)                       Volume 
        1. Nil cost                                                      2. 99,447 
        1. GBP2.964                                                      2. 46,741 
d)   Aggregated information         1. Price                       1. Volume             1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                       1. 99,447             1. GBP0.00 
  2. Price                                                         2. Volume             2. Total 
  2. GBP2.964                                                      2. 46,741             2. GBP138,537.63 
e)   Date of the transaction        9 April 2021 
f)   Place of the transaction       London Stock Exchange, XLON

12 April 2021

Leanne Cornish

Senior Assistant Company Secretary

Legal & General Group Plc

Tel: 0203 124 2107

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April 12, 2021 12:00 ET (16:00 GMT)

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