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Legal & General Group PLC — Director's Dealing 2017
Mar 14, 2017
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Director's Dealing
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RNS Number : 3999Z
Legal & General Group Plc
14 March 2017
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). This announcement is made in accordance with Article 19.3 of MAR.
The performance conditions attached to the PSP 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.
| Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Mark Zinkula | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Executive Officer, Legal & General Investment Management Limited/Director | ||
| 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 2014 PSP Award of nil cost options over 131,551 shares. 2. Sale of 63,815 shares to cover tax and dealing costs. The balance of 67,736 shares retained. |
||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| 1. Nil cost | 1. 131,551 | |||
| 2. £2.503 | 2. 63,815 | |||
| d) | Aggregated information - Aggregated volume - Price |
1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 131,551 | 1. 0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.503 | 2. 63,815 | 2. 159,728.95 | ||
| e) | Date of the transaction | 9 March 2017 | ||
| f) | Place of the transaction | London Stock Exchange, XLON |
14 March 2017
Helen Baker
Deputy Company Secretary
Legal & General Group Plc
Tel: 020 3124 2139
This information is provided by RNS
The company news service from the London Stock Exchange
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