REG - Legal & General Grp - Director/PDMR Shareholding
09/04/2024 17:15
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RNS Number : 9207J Legal & General Group Plc 09 April 2024
Legal & General Group Plc
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them
On 8 April 2024, Legal & General Group Plc (the "Company") received
notification that on 8 April 2024 the Directors and PDMRs named below had been
awarded nil cost options over ordinary shares of 2.5p under the terms of
the Performance Share Plan ("PSP") at an award price of £2.5244. The
performance period in respect of the PSP awards will end on 31 December 2026.
The performance conditions will then be tested and the vesting percentage
confirmed after the announcement of Legal & General's 2026 annual results
in March 2027. Any options that vest will become exercisable on 8 April
2029 and must be exercised by the seventh anniversary of the date of grant.
On 8 April 2024, the Company also received notification that on 8 April 2024
the Directors and PDMRs named below were awarded either conditional shares or
restricted shares at a price of £2.5227 per ordinary share under the terms of
the Share Bonus Plan ("SBP"). All SBP awards vest on 8 April 2027.
Name Director/ PDMR Number of PSP options Number of SBP Conditional Shares awarded on 8 April 2024 Number of SBP Restricted Shares awarded on
awarded on 8 April 2024
at a price of £2.5227
8 April 2024
at a price of £2.5244
at a price of £2.5227
António Simões Director 1,396,371 610,314 -
Jeff Davies Director 682,340 103,461 -
Michelle Scrimgeour PDMR 666,495 - 108,555
Andrew Kail PDMR 626,881 - 145,025
Laura Mason PDMR 499,128 - 94,404
Bernard Hickman PDMR 340,675 - 68,835
Chris Knight PDMR 253,525 - 68,776
Geoffrey Timms PDMR 244,018 - 77,695
Emma Hardaker-Jones PDMR 285,216 - 66,596
PSP Awards
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name 1. António Simões
2. Jeff Davies
3. Michelle Scrimgeour
4. Andrew Kail
5. Laura Mason
6. Bernard Hickman
7. Chris Knight
8. Geoffrey Timms
9. Emma Hardaker-Jones
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/Director
2. Group Chief Financial Officer/Director
3. Chief Executive Officer, Legal & General Investment Management/PDMR
4. Chief Executive Officer, Legal & General Retirement
Institutional/PDMR
5. Chief Executive Officer, Legal & General Capital/PDMR
6. Chief Executive Officer, Legal & General Retail/PDMR
7. Group Chief Risk Officer/PDMR
8. Group General Counsel and Company Secretary/PDMR
9. Chief Transformation & People 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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction PSP options award for the Directors/PDMRs listed in 1a above
c) Price(s) and volume(s) Price(s) Volume
1. £2.5244 1. 1,396,371
2. £2.5244 2. 682,340
3. £2.5244 3. 666,495
4. £2.5244 4. 626,881
5. £2.5244 5. 499,128
6. £2.5244 6. 340,675
7. £2.5244 7. 253,525
8. £2.5244 8. 244,018
9. £2.5244 9. 285,216
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 08 April 2024
f) Place of the transaction London Stock Exchange, XLON
SBP Awards (Restricted and Conditional)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name 1. António Simões
2. Jeff Davies
3. Michelle Scrimgeour
4. Andrew Kail
5. Laura Mason
6. Bernard Hickman
7. Chris Knight
8. Geoffrey Timms
9. Emma Hardaker-Jones
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/Director
2. Group Chief Financial Officer/Director
3. Chief Executive Officer, Legal & General Investment Management/PDMR
4. Chief Executive Officer, Legal & General Retirement
Institutional/PDMR
5. Chief Executive Officer, Legal & General Capital/PDMR
6. Chief Executive Officer, Legal & General Retail/PDMR
7. Group Chief Risk Officer/PDMR
8. Group General Counsel and Company Secretary/PDMR
9. Chief Transformation & People 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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. SBP conditional shares award for the Directors listed in 1a above
2. SBP restricted shares award for the PDMRs listed in 1a above
c) Price(s) and volume(s) Price(s) Volume
1. £2.5227 1. 610,314
2. £2.5227 2. 103,461
3. £2.5227 3. 108,555
4. £2.5227 4. 145,025
5. £2.5227 5. 94,404
6. £2.5227 6. 68,835
7. £2.5227 7. 68,776
8. £2.5227 8. 77,695
9. £2.5227 9. 66,596
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 08 April 2024
f) Place of the transaction London Stock Exchange, XLON
09 April 2024
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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