Director/PDMR Shareholding (Correction) | RNS | Ticker

Director/PDMR Shareholding (Correction)

RNS Announcement

RNS Number : 7870Z

Legal & General Group Plc

25 May 2021

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

This announcement replaces the Director/PDMR Shareholding notification made on 21 April 2021 at 17:30 under RNS Number 2200W. Information in orange text has been corrected. All other information within the announcement remains unchanged.

The following notification made under article 19.1 and 19.3 of the Market Abuse Regulation ("MAR") relates to the vesting of conditional and restricted shares and exercise of combined awards of CSOP options and Restricted Shares awarded on 16 April 2018. These shares vested on 16 April 2021 and were released under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP) incorporating the Legal & General Group Company Share Option Plan (CSOP), in respect of the Directors below. Under the plan provisions, the default of selling sufficient shares to cover tax liabilities and retention of the remaining shares is applied if no election is received from participants.

Name	Director/ PDMR	Number of shares awarded on 16 April 2018	Number of shares vested on 16 April 2021	Shares sold at a share price of £2.790	Shares retained by individual
Bernard Hickman	PDMR	32,469	32,469	32,649	0
Simon Gadd	PDMR	31,231	31,231	31,231	0
Geoffrey Timms	PDMR	74,869	74,869	74,869	0
Nigel Wilson	Director	264,717	264,717	124,417	140,300
Jeff Davies	Director	150,158	150,158	70,384	79,774
Kerrigan Procter	PDMR	161,699	161,699	75,999	85,700
Emma Hardaker-Jones	PDMR	4,696	4,696	2,127	2,569
John Godfrey	PDMR	1,395	1,395	656	739
Chris Knight	PDMR	23,530	23,530	11,060	12,470
Stephen Licence	PDMR	21,019	21,019	9,879	11,140
Catherine Mason	PDMR	37,667	37,667	17,704	19,963

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bernard Hickman
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Legal & General Insurance/PDMR
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. Vesting of SBP Award over 28,377 shares. 2. Sale of 28,377 shares. 3. Exercise of CSOP Award of options over 4,092 shares. 4. Sale of 4,092 shares.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 28,377
		2. £2.790	2. 28,377
		3. £2.688	3. 4,092
		4. £2.790	4. 4,092
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 28,377	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 28,377	2. £79,171.83
		3. Price	3. Volume	3. Total
		3. £2.688	3. 4,092	3. £10,999.30
		4. Price	4. Volume	4. Total
		4. £2.790	4. 4,092	4. £11,416.68
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Gadd
2	Reason for the notification
a)	Position/status	Group Chief Risk Officer/PDMR
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. Vesting of SBP Award over 31,231 shares. 2. Sale of 31,231 shares.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 31,231
		2. £2.790	2. 31,231
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 31,231	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 31,231	2. £87,134.49
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Geoffrey Timms
2	Reason for the notification
a)	Position/status	Group General Counsel and Company Secretary/PDMR
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. Vesting of SBP Award over 74,869 shares. 2. Sale of 74,869 shares.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 74,869
		2. £2.790	2. 74,869
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 74,869	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 74,869	2. £208,884.51
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

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. Vesting of SBP Award over 264,717 shares. 2. Sale of 124,417 shares to cover tax and social security. The balance of 140,300 shares retained.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 264,717
		2. £2.790	2. 124,417
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 264,717	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 124,417	2. £347,123.43
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jeff Davies
2	Reason for the notification
a)	Position/status	Group Chief Financial 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. Vesting of SBP Award over 136,508 shares. 2. Sale of 64,159 shares to cover tax and social security. The balance of 72,349 shares retained. 3. Exercise of CSOP Award of options over 11,160 shares. 4. Sale of 5,054 shares to cover tax and social security. The balance of 6,106 shares retained. 5. Vesting of associated dividend equivalents over 2,490 shares. 6. Sale of 1,171 shares to cover tax and social security. The balance of 1,319 shares retained.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 136,508
		2. £2.790	2. 64,159
		3. £2.688	3. 11,160
		4. £2.790	4. 5,054
		5. £0.00	5. 2,490
		6. £2.790	6. 1,171
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 136,508	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 64,159	2. £179,003.61
		3. Price	3. Volume	3. Total
		3. £2.688	3. 11,160	3. £29,998.08
		4. Price	4. Volume	4. Total
		4. £2.790	4. 5,054	4. £14,100.66
		5. Price	5. Volume	5. Total
		5. 5. £0.00	5. 2,490	5. £0.00
		6. Price	6. Volume	6. Total
		6. £2.790	6. 1,171	6. £3,267.09
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kerrigan Procter
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Legal & General Capital/PDMR
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. Vesting of SBP Award over 161,699 shares. 2. Sale of 75,999 shares to cover tax and social security. The balance of 85,700 shares retained.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 161,699
		2. £2.790	2. 75,999
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 161,699	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 75,999	2. £212,037.21
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Emma Hardaker-Jones
2	Reason for the notification
a)	Position/status	Group HR Director/PDMR
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 CSOP Award of options over 4,696 shares. 2. Sale of 2,127 shares to cover tax and social security. The balance of 2,569 shares retained.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £2.688	1. 4,696
		2. £2.790	2. 2,127
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £2.688	1. 4,696	1. £12,622.848
		2. Price	2. Volume	2. Total
		2. £2.790	2. 2,127	2. £5,934.33
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

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 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. Vesting of SBP Award over 1,395 shares. 2. Sale of 656 shares to cover tax and social security. The balance of 739 shares retained.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 1,395
		2. £2.790	2. 656
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 1,395	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 656	2. £1,830.24
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Chris Knight
2	Reason for the notification
a)	Position/status	PDMR
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. Vesting of SBP Award over 23,530 shares. 2. Sale of 11,060 shares to cover tax and social security. The balance of 12,470 shares retained.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 23,530
		2. £2.790	2. 11,060
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 23,530	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 11,060	2. £30,857.40
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Licence
2	Reason for the notification
a)	Position/status	Group Chief Internal Auditor/PDMR
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. Vesting of SBP Award over 21,019 shares. 2. Sale of 9,879 shares to cover tax and social security. The balance of 11,140 shares retained.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 21,019
		2. £2.790	2. 9,879
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 21,019	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 9,879	2. £27,562.41
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Catherine Mason
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Legal & General Retirement, Institutional/PDMR
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. Vesting of SBP Award over 37,667 shares. 2. Sale of 17,704 shares to cover tax and social security. The balance of 19,963 shares retained.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1. £0.00	1. 37,667
		2. £2.790	2. 17,704
d)	Aggregated information - Aggregated volume - Price	1. Price	1. Volume	1. Total
		1. £0.00	1. 37,667	1. £0.00
		2. Price	2. Volume	2. Total
		2. £2.790	2. 17,704	2. £49,394.16
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	London Stock Exchange, XLON

21 April 2021

Leanne Cornish

Assistant Company Secretary

Legal & General Group Plc

Tel: 0203 124 2107

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RNS metadata

Title: Director/PDMR Shareholding (Correction)
Time: 17:30:06
Date: 25 May 2021
Category: Director/PDMR dealings
ID: 7870Z