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Legal & General Group PLC Director's Dealing 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3465V
Legal & General Group Plc
13 April 2021
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 Market Abuse Regulation ("MAR") relates to:
· the exercise of an award granted on 21 April 2016 under the terms of the Legal & General Group Performance Share Plan 2016 (PSP 2016); and
· the exercise of an award granted on 18 April 2017 under the terms of the Legal & General Group Performance Share Plan 2017 (PSP 2017).
The performance conditions attached to the PSP 2016 award provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2018 with one third of vested options becoming exercisable immediately, the second third becoming exercisable after the announcement of the 2019 results and the remaining third after the announcement of the 2020 results. PSP 2016 options must be exercised by the seventh anniversary of the date of grant.
The performance conditions attached to the PSP 2017 award provide that the award vests, 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. PSP 2017 options must be exercised by the seventh anniversary of the date of the grant.
| Name | Director/ PDMR | Number of shares awarded on 21 April 2016 | Number of shares awarded on 18 April 2017 | Number of shares exercised on 12 April 2021 | Shares sold to cover tax and social security | Shares retained by individual |
| Nigel Wilson | Director | 171,349 | 287,560 | 458,909 | 215,689 | 243,220 |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Nigel Wilson | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Group Chief Executive Officer/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 PSP 2016 award of nil cost options over 171,349 shares and exercise of PSP 2017 award of nil cost options over 287,560 shares. 2. Sale of 215,689 shares to cover tax and dealing costs (243,220 shares retained). |
||
| c) | Price(s) and volume(s) | Price(s) | Volume | |
| 1. Nil cost | 1. 458,909 | |||
| 2. £2.962 | 2. 215,689 | |||
| d) | Aggregated information - Aggregated volume - Price |
1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 458,909 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.962 | 2. 215,689 | 2. £638,870.818 | ||
| e) | Date of the transaction | 12 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON |
13 April 2021
Leanne Cornish
Senior Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
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