REG - Legal & General Grp - Director/PDMR Shareholding
11/04/2023 18:15
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RNS Number : 8835V Legal & General Group Plc 11 April 2023
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them
On 11 April 2023, Legal & General Group Plc (the "Company") received
notification that on 6 April 2023 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 £2.3812. The performance
period in respect of the PSP awards will end on 31 December 2025. The
performance conditions will then be tested and the vesting percentage
confirmed after the announcement of Legal & General's 2025 annual results
in March 2026. Any options that vest will become exercisable on 6 April 2028
and must be exercised by the seventh anniversary of the date of grant.
On 11 April 2023, the Company also received notification that on 6 April 2023
the Directors and PDMRs named below were awarded either conditional shares or
restricted shares at a price of £2.3663 per ordinary share under the terms of
the Share Bonus Plan ("SBP"). All SBP awards vest on 06 April 2026.
Name Director/ PDMR Number of PSP options Number of SBP Conditional Shares awarded on 06 April 2023 Number of SBP Restricted Shares awarded on
awarded on 06 April 2023
at a price of £2.3663
06 April 2023
at a price of £2.3812
at a price of £2.3663
Nigel Wilson Director 1,128,422 297,929 -
Jeff Davies Director 693,347 183,215 -
Kerrigan Procter PDMR 597,912 - 141,062
Michelle Scrimgeour PDMR 685,683 - 142,583
Andrew Kail PDMR 645,157 - 180,384
Laura Mason PDMR 466,592 - 128,658
Bernard Hickman PDMR 329,161 - 97,027
Chris Knight PDMR 233,092 - 70,150
Geoffrey Timms PDMR 250,697 - 54,303
Emma Hardaker-Jones PDMR 243,910 - 48,598
Stephen Licence PDMR 105,325 - 40,569
John Godfrey PDMR 140,987 - 27,363
PSP Awards
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name 1. Nigel Wilson
2. Jeff Davies
3. Kerrigan Procter
4. Michelle Scrimgeour
5. Andrew Kail
6. Laura Mason
7. Bernard Hickman
8. Chris Knight
9. Geoffrey Timms
10. Emma Hardaker-Jones
11. Stephen Licence
12. John Godfrey
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/Director
2. Group Chief Financial Officer/Director
3. President of Asia-Pacific/PDMR
4. Chief Executive Officer, Legal & General Investment Management/PDMR
5. Chief Executive Officer, Legal & General Institutional
Retirement/PDMR
6. Chief Executive Officer, Legal & General Capital/PDMR
7. Chief Executive Officer, Legal & General Retail/PDMR
8. Group Chief Risk Officer/PDMR
9. Group General Counsel and Company Secretary/PDMR
10. Group HR Director/PDMR
11. Group Chief Internal Auditor/PDMR
12. Director of Levelling Up/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. £2.3812 1. 1,128,422
2. £2.3812 2. 693,347
3. £2.3812 3. 597,912
4. £2.3812 4. 685,683
5. £2.3812 5. 645,157
6. £2.3812 6. 466,592
7. £2.3812 7. 329,161
8. £2.3812 8. 233,092
9. £2.3812 9. 250,697
10. £2.3812 10. 243,910
11. £2.3812 11. 105,325
12. £2.3812 12. 140,987
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 06 April 2023
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. Nigel Wilson
2. Jeff Davies
3. Kerrigan Procter
4. Michelle Scrimgeour
5. Andrew Kail
6. Laura Mason
7. Bernard Hickman
8. Chris Knight
9. Geoffrey Timms
10. Emma Hardaker-Jones
11. Stephen Licence
12. John Godfrey
2 Reason for the notification
a) Position/status 1. Group Chief Executive Officer/Director
2. Group Chief Financial Officer/Director
3. President of Asia-Pacific/PDMR
4. Chief Executive Officer, Legal & General Investment Management/PDMR
5. Chief Executive Officer, Legal & General Institutional
Retirement/PDMR
6. Chief Executive Officer, Legal & General Capital/PDMR
7. Chief Executive Officer, Legal & General Retail/PDMR
8. Group Chief Risk Officer/PDMR
9. Group General Counsel and Company Secretary/PDMR
10. Group HR Director/PDMR
11. Group Chief Internal Auditor/PDMR
12. Director of Levelling Up/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. £2.3663 1. 297,929
2. £2.3663 2. 183,215
3. £2.3663 3. 141,062
4. £2.3663 4. 142,583
5. £2.3663 5. 180,384
6. £2.3663 6. 128,658
7. £2.3663 7. 97,027
8. £2.3663 8. 70,150
9. £2.3663 9. 54,303
10. £2.3663 10. 48,598
11. £2.3663 11. 40,569
12. £2.3663 12. 27,363
d) Aggregated information N/A (Single Transaction)
- Aggregated volume
- Price
e) Date of the transaction 06 April 2023
f) Place of the transaction London Stock Exchange, XLON
11 April 2023
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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