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Legal & General Group Plc - Director/PDMR Shareholding

Legal & General Group Plc - Director/PDMR Shareholding

Released 15:15 15-Apr-2015

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities (PDMRs) and Connected Persons

 

The Legal & General Group 2010 Share Bonus Plan (SBP) and The Legal & General Group Plc Performance Share Plan 2014 (PSP)

On 15 April 2015 Legal & General Group Plc (the Company) received notification that on 14 April 2015 the Directors and PDMRs named below were awarded restricted shares at a price of 285.87p per ordinary share under the terms of the SBP.  The restricted period in respect of the SBP awards will end on 14 April 2018.

On 15 April 2015 the Company also received notification that on 14 April 2015 the Directors and PDMRs named below had been awarded a nil cost option over ordinary shares of 2.5p under the terms of the PSP at an award price of 284.74p.

The performance period in respect of the PSP award will end on 31 December 2017. 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 2017 annual results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2018 results and the remaining third after the announcement of the 2019 results.  Options must be exercised by the seventh anniversary of the date of grant.

 

Name

Director/

PDMR

Number of SBP Shares Awarded

Number of PSP Shares Awarded

Mark Gregory

 

Director

124,675

504,846

Mark Zinkula

 

Director

133,987

504,846

Nigel Wilson

 

Director

195,058

755,074

John Pollock

 

Director

126,966

-

Paul Stanworth

 

PDMR

55,794

167,521

Gene Gilbertson

 

PDMR

14,179

-

Kerrigan Proctor

 

PDMR

77,063

199,129

 

This disclosure relates to transactions notified in accordance with DTR 3.1.4R(1)(a).

These transactions took place in London.

 

Name of person making notification:

Jenny McCarthy

Contact number:

020 3124 2149

Date of notification:

15 April 2015

 

END

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