Director/PDMR Shareholding
Updated : 17:02
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 awards 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 provided that the award vested, 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 awarded on | Number of shares exercised on | Shares sold to cover tax and social security at a share price of £2.778 | Shares retained by individual |
Kerrigan Procter | PDMR | 159,913 | 159,913 | 77,159 | 82,754 |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||
a) | Name | Kerrigan Procter | ||
2 | Reason for the notification | |||
a) | Position/status | President Asia-Pacific/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 instrument, type of instrument Identification code | Ordinary shares of £0.025 each, with voting rights attached GB0005603997 | ||
b) | Nature of transaction | 1. Exercise of PSP 2017 award of nil cost options over 159,913 shares. 2. Sale of 77,159 shares to cover tax and dealing costs (82,754 shares retained). | ||
c)
| Price(s) and volume(s)
| Price(s) | Volume | |
1. Nil cost | 1. 159,913 | |||
2. £2.778 | 2. 77,159 | |||
d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
1. £0.00 | 1. 159,913 | 1. £0.00 | ||
2. Price | 2. Volume | 2. Total | ||
2. £2.778 | 2. 77,159 | 2. £214,347.70 | ||
e) | Date of the transaction | 20 April 2022 | ||
f) | Place of the transaction | London Stock Exchange, XLON |
26 April 2022
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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