TIDMLGEN
RNS Number : 5051V
Legal & General Group Plc
14 April 2021
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging
Managerial Responsibilities ("PDMRs") and persons closely
associated with them
On 13 April 2021 Legal & General Group Plc (the "Company")
received notification that on that day the Directors and PDMRs
named below had been awarded nil cost options over ordinary shares
of 2.5p under the terms of the Performance Share Plan ("PSP") at an
award price of GBP2.9420. All PSP awards will vest, subject to
satisfaction of the performance conditions, after two years but the
participants will not be able to exercise the options before 13
April 2026.
The performance period in respect of the PSP award will end on
31 December 2023. The performance conditions attached to the PSP
award will then be tested and the vesting percentage confirmed
after the announcement of the Legal & General's 2023 annual
results. Options must be exercised by the seventh anniversary of
the date of grant.
On 13 April 2021 the Company also received notification that on
that day the Directors and PDMRs named below were awarded either
conditional shares or restricted shares at a price of GBP2.95370
per ordinary share under the terms of the Share Bonus Plan ("SBP").
All SBP awards vest on 14 April 2024.
Name Director/ PDMR Number of PSP options Number of SBP Conditional Number of SBP Restricted
awarded on 13 April 2021 Shares awarded on 13 Shares awarded on 13
at a price of GBP2.9420 April 2021 at a price of April 2021 at a price of
GBP2.95370 GBP2.95370
Nigel Wilson Director 832,341 58,520 -
Jeff Davies Director 501,359 36,039 -
Kerrigan Procter PDMR 463,120 - 45,840
Michelle Scrimgeour PDMR 505,608 - 65,155
Simon Gadd P DMR 208,021 - 37,241
John Godfrey P DMR 103,976 - 12,746
Emma Hardaker-Jones P DMR 163,154 - 32,269
Bernard Hickman P DMR 189,666 - 42,963
Chris Knight P DMR 168,592 - 36,022
Stephen Licence P DMR 76,138 - 26,542
Laura Mason P DMR 305,914 - 92,866
Andrew Kail PDMR 475,866 - -
Geoffrey Timms P DMR 184,908 - 36,564
PSP Awards
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name 1. Nigel Wilson
2. Jeff Davies
3. Kerrigan Procter
4. Michelle Scrimgeour
5. Simon Gadd
6. John Godfrey
7. Emma Hardaker-Jones
8. Bernard Hickman
9. Chris Knight
10. Stephen Licence
11. Laura Mason
12. Andrew Kail
13. Geoffrey Timms
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/ Director
2. Group Chief Financial Officer/Director
3. Chief Executive Officer, Legal & General Capital/PDMR
4. Chief Executive Officer, Legal & General Investment
Management/PDMR
5. Group Chief Risk Officer/PDMR
6. Corporate Affairs Director/PDMR
7. Group HR Director/PDMR
8. Chief Executive Officer, Legal & General Insurance/PDMR
9. PDMR
10. Group Chief Internal Auditor/PDMR
11. Chief Executive Officer, Legal & General Retirement,
Institutional/PDMR
12. Chief Executive Officer Legal & General Retail
Retirement/PDMR
13. Group General Counsel and Company Secretary/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 Ordinary shares of GBP0.025 each, with voting rights attached
instrument, type of instrument GB0005603997
Identification code
b) Nature of transaction PSP options award for the directors/PDMRs listed in 1a above
c) Price(s) and volume(s) Price(s) Volume
1. GBP2.9420 1. 832,341
2. GBP2.9420 2. 501,359
3. GBP2.9420 3. 463,120
4. GBP2.9420 4. 505,608
5. GBP2.9420 5. 208,021
6. GBP2.9420 6. 103,976
7. GBP2.9420 7. 163,154
8. GBP2.9420 8. 189,666
9. GBP2.9420 9. 168,592
10. GBP2.9420 10. 76,138
11. GBP2.9420 11. 305,914
12. GBP2.9420 12. 475,866
13. GBP2.9420 13. 184,908
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 13 April 2021
f) Place of the transaction London Stock Exchange, XLON
SBP Awards (Restricted and Conditional)
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name 1. Nigel Wilson
2. Jeff Davies
3. Kerrigan Procter
4. Michelle Scrimgeour
5. Simon Gadd
6. John Godfrey
7. Emma Hardaker-Jones
8. Bernard Hickman
9. Chris Knight
10. Stephen Licence
11. Laura Mason
12. Geoffrey Timms
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/ Director
2. Group Chief Financial Officer/Director
3. Chief Executive Officer, Legal & General Capital/PDMR
4. Chief Executive Officer, Legal & General Investment Management/PDMR
5. Group Chief Risk Officer/PDMR
6. Corporate Affairs Director/PDMR
7. Group HR Director/PDMR
8. Chief Executive Officer, Legal & General Insurance/PDMR
9. PDMR
10. Group Chief Internal Auditor/PDMR
11. Chief Executive Officer, Legal & General Retirement,
Institutional/PDMR
12. Group General Counsel and Company Secretary/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 Ordinary shares of GBP0.025 each, with voting rights attached
instrument, type of instrument GB0005603997
Identification code
b) Nature of transaction 1. SBP conditional shares award for the directors listed in 1a above
2. SBP restricted shares award for the PDMRs listed in 1a above
c) Price(s) and volume(s) Price(s) Volume
1. GBP2.95370 1. 58,520
2. GBP2.95370 2. 36,039
3. GBP2.95370 3. 45,840
4. GBP2.95370 4. 65,155
5. GBP2.95370 5. 37,241
6. GBP2.95370 6. 12,746
7. GBP2.95370 7. 32,269
8. GBP2.95370 8. 42,963
9. GBP2.95370 9. 36,022
10. GBP2.95370 10. 26,542
11. GBP2.95370 11. 92,866
12. GBP2.95370 12. 36,564
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 13 April 2021
f) Place of the transaction London Stock Exchange, XLON
14 April 2021
Leanne Cornish
Senior Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
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