Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities (PDMRs) and Connected Persons
This announcement replaces the announcement made on 15 April 2015 at 3.15pm.
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 |
126,966 |
504,846 |
Mark Zinkula |
Director |
133,987 |
504,846 |
Nigel Wilson |
Director |
195,058 |
755,074 |
John Pollock |
Director |
124,675 |
- |
Paul Stanworth |
PDMR |
55,794 |
167,521 |
Gene Gilbertson |
PDMR |
14,179 |
- |
Kerrigan Procter |
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: |
16 April 2015 |
