TIDMLGEN

RNS Number : 6201J

Legal & General Group Plc

14 April 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 article 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);

-- 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 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 awards 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 2018 results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2019 results and the remaining third after the announcement of the 2020 results. 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 2019 results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2020 results and the remaining third after the announcement of the 2021 results. Options must be exercised by the seventh anniversary of the date of grant.

 
     Name       Director/ PDMR   Number of     Number of     Number of     Number of     Shares sold to      Shares 
                                   shares        shares        shares        shares      cover tax and    retained by 
                                 awarded on    awarded on    awarded on   exercised on  social security    individual 
                                  14 April      21 April      18 April    9 April 2020  (price GBP2.130) 
                                    2015          2016          2017 
   Bernard 
    Hickman          PDMR          22,698        20,973        57,760       101,431          45,848          55,583 
 
 
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                       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, PSP 2016 and PSP 2017 awards of nil cost options 
                                         over 101,431 shares 
                                         . 
                                         2. Sale of 45,848 shares to cover tax and dealing costs. 55,583 shares 
                                         retained. 
c)   Price(s) and volume(s)        Price(s)                      Volume 
        1. Nil cost                                                    1. 101,431 
        2. GBP2.130                                                    2. 45,848 
d)   Aggregated information        1. Price                      1. Volume                1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                     1. 101,431               1. GBP0.00 
 
  2. Price                                                       2. Volume                2. Total 
  2. GBP2.130                                                    2. 45,848                2. GBP97,656.24 
e)   Date of the transaction       9 April 2020 
f)   Place of the transaction      London Stock Exchange, XLON 
 

14 April 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.

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