TIDMLGEN

RNS Number : 3465V

Legal & General Group Plc

13 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 an award 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 award 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 shares  Number of shares     Number of     Shares sold to   Shares retained 
                                 awarded on 21     awarded on 18        shares        cover tax and    by individual 
                                   April 2016        April 2017     exercised on 12  social security 
                                                                      April 2021 
Nigel Wilson      Director          171,349           287,560           458,909          215,689          243,220 
 
 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                          Nigel Wilson 
2    Reason for the notification 
a)   Position/status               Group Chief Executive 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 2016 award of nil cost options over 171,349 shares and 
                                         exercise of PSP 
                                         2017 award of nil cost options over 287,560 shares. 
                                         2. Sale of 215,689 shares to cover tax and dealing costs (243,220 shares 
                                         retained). 
c)   Price(s) and volume(s)        Price(s)                       Volume 
        1. Nil cost                                                     1. 458,909 
        2. GBP2.962                                                     2. 215,689 
d)   Aggregated information        1. Price                       1. Volume               1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                      1. 458,909              1. GBP0.00 
 
  2. Price                                                        2. Volume               2. Total 
  2. GBP2.962                                                     2. 215,689              2. GBP638,870.818 
e)   Date of the transaction       12 April 2021 
f)   Place of the transaction      London Stock Exchange, XLON 
 

13 April 2021

Leanne Cornish

Senior Assistant Company Secretary

Legal & General Group Plc

Tel: 0203 124 2107

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April 13, 2021 12:00 ET (16:00 GMT)

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