27th Apr 2006 15:01
Legal & General Group PLC27 April 2006 Legal & General Performance Share Plan ("PSP") The executive directors of Legal & General Group Plc ("Group") participate inthe PSP, a long-term incentive arrangement for executive directors and seniormanagers. The PSP is described in detail in the 2005 Report and Accounts. Over the period from 10 April 2003 to 9 April 2006, the Total Shareholder Returnof the Group was the 37th best in the FTSE 100. Under the terms of the Plan, amultiple of 2.3 was applied to the performance shares awarded in 2003, whichmatured on 10 April 2005. The benefit of these performance shares generates animmediate tax charge for the individual. Following the approval of the Employee Share Ownership Trust Committee and thesatisfaction of the related tax charges, the executive directors' resultantchange in beneficial holdings of shares at 27 April 2006 are: Shares acquired in GroupC. R. R. Avery 169,625T. J. Breedon 212,031A. W. Palmer* -R. A. Phipps 254,437J. B. Pollock 50,887 * In 2003, A. W. Palmer chose to participate in the Executive Share OptionScheme, instead of the PSP. Following this release, the executive directors have beneficial interests in theshares of Group (comprising shares, shares held by trustees within share schemesor plans and share options) at 27 April 2006 as set out below:- Shares in schemes or Total beneficial plans interests Name Shares Options C R R Avery 618,527 205,862 272,836 1,097,225T J Breedon 1,010,858 364,227 78,660 1,453,745A W Palmer 530,348 277,571 1,494,107 2,302,026R A Phipps 1,183,307 295,792 405,025 1,884,124J B Pollock 271,858 152,495 30,408 454,761 As a senior manager of Legal & General Group Plc ("Group"), G. J. Hoskinparticipates in the PSP, a long-term incentive arrangement for executivedirectors and senior managers. The PSP is described in detail in the 2005Report and Accounts. Over the period from 10 April 2003 to 9 April 2006, the Total Shareholder Returnof the Group was the 37th best in the FTSE 100. Under the terms of the Plan, amultiple of 2.3 was applied to the performance shares awarded in 2003, whichmatured on 10 April 2005. The benefit of these performance shares generates animmediate tax charge for the individual. Following the approval of the Employee Share Ownership Trust Committee and thesatisfaction of the related tax charges, 152,662 shares were released to G. J.Hoskin on 27 April 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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