REG - Legal & General Grp - Director/PDMR Shareholding
19/04/2023 18:00
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RNS Number : 8109W Legal & General Group Plc 19 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 exercise of awards granted on 16 April
2018 under the terms of the Legal & General Group Performance Share Plan
2014 (PSP).
The performance conditions attached to the options granted under the PSP in
2018 provide that the award vests, subject to satisfaction of the performance
conditions, after the announcement of the results for 2020. The number of
options that vested were then subject to a two year holding period that ended
on 16 April 2023 when the options became exercisable. The options must be
exercised by the seventh anniversary of the date of the grant.
Name Director/ PDMR Number of shares awarded on Number of shares exercised on 17 April 2023 Shares sold to cover tax and social security Total number of shares sold Shares retained by individual
16 April 2018
Geoffrey Timms PDMR 52,051 52,051 24,464 52,051 0
Emma Hardaker-Jones PDMR 43,969 43,969 20,666 43,969 0
Bernard Hickman PDMR 52,309 52,309 24,586 24,586 27,723
Jeff Davies Director 132,097 132,097 62,086 62,086 70,011
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. Exercise of PSP 2018 award of nil cost options over 52,051 shares.
2. Sale of 52,051 shares, of which 24,464 shares sold to cover tax and
dealing costs (no shares retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
52
,0
51
2. £2.490 2.
52
,0
51
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 52,051 1. £0.00
2. Price 2. Volume 2. Total
2. £2.490 2. 52,051 2. £129,606.99
e) Date of the transaction 17 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. Exercise of PSP 2018 award of nil cost options over 43,969 shares.
2. Sale of 43,969 shares, of which 20,666 shares sold to cover tax and
dealing costs (no shares retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
43
,9
69
2. £2.490 2.
43
,9
69
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 43,969 1. £0.00
2. Price 2. Volume 2. Total
2. £2.490 2. 43,969 2. £109,482.81
e) Date of the transaction 17 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. Exercise of PSP 2018 award of nil cost options over 52,309 shares.
2. Sale of 24,586 shares to cover tax and dealing costs (27,723 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
52
,3
09
2. £2.490 2.
24
,5
86
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 52,309 1. £0.00
2. Price 2. Volume 2. Total
2. £2.490 2. 24,586 2. £61,219.14
e) Date of the transaction 17 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. Exercise of PSP 2018 award of nil cost options over 132,097 shares.
2. Sale of 62,086 shares to cover tax and dealing costs (70,011 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. Nil cost 1.
13
2,
09
7
2. £2.490 2.
62
,0
86
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 132,097 1. £0.00
2. Price 2. Volume 2. Total
2. £2.490 2. 62,086 2. £154,594.14
e) Date of the transaction 17 April 2023
f) Place of the transaction London Stock Exchange, XLON
19 April 2023
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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