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Company Legal & General Group Plc
TIDM LGEN
Headline Director/PDMR Shareholding
Released 17:00 09-May-2019
Number 5708Y17

RNS Number : 5708Y
Legal & General Group Plc
09 May 2019
 

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

On 16 April 2019 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 PSP at an award price of £2.8544. All PSP awards will vest, subject to satisfaction of the performance conditions, after three years but the participants will not be able to exercise the options until two years after vesting. 

The performance period in respect of the PSP award will end on 31 December 2021. 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 2021 annual results. Options must be exercised by the seventh anniversary of the date of grant.

On 16 April 2019 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares, restricted shares  or a combined award of CSOP options and restricted shares at a price of £2.867 per ordinary share under the terms of the SBP ("SBP 2019"). All SBP awards vest on 16 April 2022.  

Name

Director/ PDMR

Number of PSP options awarded on 16 April 2019 at a price of £2.8544

Number of SBP Conditional Shares awarded on 16 April 2019 at a price of £2.867

Number of SBP Restricted Shares awarded on 16 April 2019 at a price of £2.867

Number of CSOP & SBP Restricted Shares awarded on 16 April 2019 at a price of £2.867

Nigel Wilson

Director

828,107

194,979

-

-

Jeff Davies

Director

486,091

111,272

-

-

Kerrigan Procter

Director

459,816

108,107

-

-

Mark Zinkula

Director

-

121,306

-

-

Cheryl Agius

PDMR

125,840

-

54,178

-

Simon Gadd

PDMR

204,946

-

40,913

-

John Godfrey

PDMR

103,979

-

15,783

-

Emma Hardaker-Jones

PDMR

156,109

-

24,672

6,061

Bernard Hickman

PDMR

189,181

-

37,753

-

Chris Knight

PDMR

147,141

-

63,914

-

Stephen Licence

PDMR

76,022

-

27,485

-

Laura Mason

PDMR

220,711

-

78,052

-

Claire Singleton

PDMR

95,641

-

-

-

Geoffrey Timms

PDMR

184,977

-

38,385

-

 

 

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.   Cheryl Agius

5.   Simon Gadd

6.   John Godfrey

7.   Emma Hardaker-Jones

8.   Bernard Hickman

9.   Chris Knight

10.  Stephen Licence

11.  Laura Mason

12.  Claire Singleton

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/Director

4.   Chief Executive Officer, General Insurance /PDMR

5.   Group Chief Risk Officer/PDMR

6.   Corporate Affairs Director/PDMR

7.   Group Human Resources Director/PDMR

8.   Chief Executive Officer Legal & General Insurance/PDMR

9.   Chief Executive Officer, Legal & General Retirement, Retail/PDMR

10.  Group Chief Internal Auditor/PDMR

11.  Chief Executive Officer, Legal & General Retirement, Institutional/PDMR

12.  Chief Executive Officer, Mature Savings/ 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 instrument, type of instrument

Identification code

Ordinary shares of £0.025 each, with voting rights attached

 GB0005603997

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.   £2.8544

1.   828,107

2.   £2.8544

2.   486,091



3.   £2.8544

3.   459,816



4.   £2.8544

4.   125,840



5.   £2.8544

5.   204,946



6.   £2.8544

6.   103,979



7.   £2.8544

7.   156,109



8.   £2.8544

8.   189,181



9.   £2.8544

9.   147,141



10.  £2.8544

10.  76,022



11.  £2.8544

11.  220,711



12.  £2.8544

12.  95,641



13.  £2.8544

13.  184,977

d)

Aggregated information

-      Aggregated volume

-      Price

 N/A (Single Transaction)

e)

Date of the transaction

16 April 2019

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.   Mark Zinkula

5.   Cheryl Agius

6.   Simon Gadd

7.   John Godfrey

8.   Emma Hardaker-Jones

9.   Bernard Hickman

10.  Chris Knight

11.  Stephen Licence

12.  Laura Mason

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/Director

4.   Chief Executive Officer, Legal & General Investment Management Limited/Director

5.   Chief Executive Officer, General Insurance /PDMR

6.   Group Chief Risk Officer/PDMR

7.   Corporate Affairs Director/PDMR

8.   Group Human Resources Director/PDMR

9.   Chief Executive Officer Legal & General Insurance/PDMR

10.  Chief Executive Officer, Legal & General Retirement, Retail/PDMR

11.  Group Chief Internal Auditor/PDMR

12.  Chief Executive Officer, Legal & General Retirement, Institutional/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 instrument, type of instrument

Identification code

Ordinary shares of £0.025 each, with voting rights attached

 GB0005603997

b)

Nature of transaction

1.   SBP conditional shares award for the directors (1 to 4) listed in 1a above

2.   SBP restricted shares award for the PDMRs (5 to 13) listed in 1a above

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.   £2.867

1.   194,979

2.   £2.867

2.   111,272



3.   £2.867

3.   108,107



4.   £2.867

4.   121,306



5.   £2.867

5.   54,178



6.   £2.867

6.   40,913



7.   £2.867

7.   15,783



8.   £2.867

8.   24,672



9.   £2.867

9.   37,753



10.  £2.867

10.  63,914



11.  £2.867

11.  27,485



12.  £2.867

12.  78,052



13.  £2.867

13.  38,385

d)

Aggregated information

-      Aggregated volume

-      Price

 N/A (Single Transaction)

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

London Stock Exchange, XLON

 

 

Combined award of CSOP options and SBP restricted shares

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Emma Hardaker-Jones

2

Reason for the notification

a)

Position/status

Group Human Resources Director/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

Combined award of CSOP options and SBP restricted shares

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.   £2.867

1.   6,061

d)

Aggregated information

-      Aggregated volume

-      Price

 N/A (Single Transaction)

e)

Date of the transaction

16 April 2019

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

 

09 May 2019

 

Daniella Newson

Assistant Company Secretary

Legal & General Group Plc

Tel: 0203 124 2107


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