TIDMLGEN

RNS Number : 4105V

Legal & General Group Plc

06 August 2020

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 14 April 2015 under the terms of the Legal & General Group Performance Share Plan 2015 (PSP 2015); and

-- the exercise of an award granted on 21 April 2016 under the terms of the Legal & General Group Performance Share Plan 2016 (PSP 2016).

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 2015 options must be exercised by the seventh anniversary of the date of grant.

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.

 
    Name       Director/ PDMR   Number of shares  Number of shares     Number of     Shares sold to   Shares retained 
                                 awarded on 14     awarded on 21        shares        cover tax and    by individual 
                                   April 2015        April 2016     exercised on 5   social security 
                                                                      August 2020 
John Godfrey        PDMR             9,900             3,376            13,276            6,240            7,036 
 
 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                          John Godfrey 
2    Reason for the notification 
a)   Position/status               Corporate Affairs Director/PDMR 
b)   Initial                       Initial Notification 
     notification/Amendment 
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  Ordinary shares of GBP0.025 each, with voting rights attached 
     instrument, type of            GB0005603997 
     instrument 
     Identification code 
b)   Nature of transaction               1. Exercise of PSP 2015 award of nil cost options over 9,900 shares and 
                                         exercise of PSP 2016 
                                         award of nil cost options over 3,376 shares. 
                                         2. Sale of 6,240 shares to cover tax and dealing costs (7,036 shares 
                                         retained). 
c)   Price(s) and volume(s)        Price(s)                       Volume 
        1. Nil cost                                                     1. 13,276 
        2. GBP2.230                                                     2. 6,240 
d)   Aggregated information        1. Price                       1. Volume               1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                      1. 13,276               1. GBP0.00 
 
  2. Price                                                        2. Volume               2. Total 
  2. GBP2.230                                                     2. 6,240                2. GBP13,915.20 
e)   Date of the transaction       05 August 2020 
f)   Place of the transaction      London Stock Exchange, XLON 
 

06 August 2020

Daniella Newson

Assistant Company Secretary

Legal & General Group Plc

Tel: 0203 124 2107

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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