REG - Legal & General Grp - Director/PDMR Shareholding
18/04/2023 18:00
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RNS Number : 6445W Legal & General Group Plc 18 April 2023
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 of the UK Market Abuse
Regulation ("UK MAR") relates to the vesting of conditional and restricted
shares awarded on 12 August 2020. These shares vested on 14 April 2023 and
were released under the terms of The Legal & General Group Share Bonus
Plan (SBP), 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 12 August 2020 Number of shares vested on Shares sold to cover tax and social security at a price of £2.501 Remaining shares sold at a share price of £2.501 Shares retained
14 April 2023
by individual
Nigel Wilson Director 326,026 326,026 153,233 0 172,793
Jeff Davies Director 192,351 192,351 90,405 0 101,946
Kerrigan Procter PDMR 178,249 178,249 83,778 0 94,471
Michelle Scrimgeour PDMR 93,791 93,791 44,082 0 49,709
John Godfrey PDMR 32,099 32,099 15,087 0 17,012
Bernard Hickman PDMR 64,242 64,242 30,194 0 34,048
Chris Knight PDMR 73,754 73,754 34,665 0 39,089
Stephen Licence PDMR 37,274 37,274 17,519 0 19,755
Laura Mason PDMR 115,667 115,667 54,364 0 61,303
Emma Hardaker-Jones PDMR 40,398 40,398 18,988 21,410 0
Geoffrey Timms PDMR 66,293 66,293 31,158 35,135 0
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 326,026 shares.
2. Sale of 153,233 shares to cover tax and social security. The balance of
172,793 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
32
6,
02
6
2. £2.501 2.
15
3,
23
3
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 326,026 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 153,233 2. £383,235.73
e) Date of the transaction 14 April 2023
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 192,351 shares.
2. Sale of 90,405 shares to cover tax and social security. The balance of
101,946 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
19
2,
35
1
2. £2.501 2.
90
,4
05
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 192,351 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 90,405 2. £226,102.91
e) Date of the transaction 14 April 2023
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 President of Asia-Pacific/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. Vesting of SBP Award over 178,249 shares.
2. Sale of 83,778 shares to cover tax and social security. The balance of
94,471 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
17
8,
24
9
2. £2.501 2.
83
,7
78
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 178,249 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 83,778 2. £209,528.78
e) Date of the transaction 14 April 2023
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Michelle Scrimgeour
2 Reason for the notification
a) Position/status Chief Executive Officer, Legal & General Investment Management/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. Vesting of SBP Award over 93,791 shares.
2. Sale of 44,082 shares to cover tax and social security. The balance of
49,709 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
93
,7
91
2. £2.501 2.
44
,0
82
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 93,791 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 44,082 2. £110,249.08
e) Date of the transaction 14 April 2023
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 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. Vesting of SBP Award over 32,099 shares.
2. Sale of 15,087 shares to cover tax and social security. The balance of
17,012 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
32
,0
99
2. £2.501 2.
15
,0
87
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 32,099 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 15,087 2. £37,732.59
e) Date of the transaction 14 April 2023
f) Place of the transaction London Stock Exchange, XLON
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 Retail/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. Vesting of SBP Award over 64,242 shares.
2. Sale of 30,194 shares to cover tax and social security. The balance of
34,048 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
64
,2
42
2. £2.501 2.
30
,1
94
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 64,242 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 30,194 2. £75,515.19
e) Date of the transaction 14 April 2023
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 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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 73,754 shares.
2. Sale of 34,665 shares to cover tax and social security. The balance of
39,089 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
73
,7
54
2. £2.501 2.
34
,6
65
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 73,754 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 34,665 2. £86,697.17
e) Date of the transaction 14 April 2023
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 37,274 shares.
2. Sale of 17,519 shares to cover tax and social security. The balance of
19,755 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
37
,2
74
2. £2.501 2.
17
,5
19
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 37,274 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 17,519 2. £43,815.02
e) Date of the transaction 14 April 2023
f) Place of the transaction London Stock Exchange, XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Laura Mason
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 115,667 shares.
2. Sale of 54,364 shares to cover tax and social security. The balance of
61,303 shares retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
11
5,
66
7
2. £2.501 2.
54
,3
64
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 115,667 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 54,364 2. £135,964.36
e) Date of the transaction 14 April 2023
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 40,398 shares.
2. Sale of 40,398 shares, of which 18,988 shares sold to cover tax (no
shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
40
,3
98
2. £2.501 2.
40
,3
98
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 40,398 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 40,398 2. £101,035.40
e) Date of the transaction 14 April 2023
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 Ordinary shares of £0.025 each, with voting rights attached
Identification code GB0005603997
b) Nature of transaction 1. Vesting of SBP Award over 66,293 shares.
2. Sale of 66,293 shares, of which 31,158 shares sold to cover tax (no
shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
66
,2
93
2. £2.501 2.
66
,2
93
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 66,293 1. £0.00
2. Price 2. Volume 2. Total
2. £2.501 2. 66,293 2. £165,798.79
e) Date of the transaction 14 April 2023
f) Place of the transaction London Stock Exchange, XLON
18 April 2023
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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