Source - RNS
RNS Number : 1824K
Legal & General Group Plc
06 April 2018
 

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 article 19.1 of the Market Abuse Regulation ("MAR") relates to:

·      the exercise of an award granted on 11 June 2014 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP 2014); and

·      the exercise of an award granted on 14 April 2015 under the terms of the Legal & General Group Performance Share Plan 2015 (PSP 2015).

This announcement is made in accordance with Article 19.3 of MAR.

The performance conditions attached to the PSP 2014 award provide that one third of the vested options become exercisable subject to the 2016 results with the second third becoming exercisable after the announcement of the 2017 results and the remaining third after the announcement of the 2018 results.  PSP awards must be exercised by the seventh anniversary of the date of grant.

The performance conditions attached to the PSP 2015 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2017 with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2018 results and the remaining third after the announcement of the 2019 results.  PSP awards must be exercised by the seventh anniversary of the date of grant.

Name

Director/ PDMR

Number of shares awarded on 11 June 2014

Number of shares awarded on 14 April 2015

Number of shares vested on 26 March 2018

Shares sold to cover tax and social security (price £2.558)

Shares retained by individual

Cheryl Agius

PDMR

6,459

4,908

11,367

11,367

0

 

 

The following notification made in accordance with Articles 19.1 and 19.3 of the Market Abuse Regulation relates to the PSP.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Cheryl Agius

2

Reason for the notification

a)

Position/status

Chief Executive Officer, General Insurance business

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.   Vesting of 11,367 restricted shares awarded under the terms of the PSP.

2.   Sale of 11,367 shares

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.   Nil cost

1.   11,367

2.   £2.558

2.   11,367

d)

Aggregated information

-      Aggregated volume

-      Price

1.   Price

1.   Volume

1.   Total

1.   £0.00

1.   11,367

1.   £0.00




2.   Price

2.   Volume

2.   Total

2.   £2.558

2.   11,367

2.   £ 29,076.79

e)

Date of the transaction

4 April 2018

f)

Place of the transaction

London Stock Exchange, XLON

 

6 April 2018

 

Olaitan Popoola

Assistant Company Secretary

Legal & General Group Plc

Tel: 0203 124 2108


This information is provided by RNS
The company news service from the London Stock Exchange
 
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