REG - Legal & General Grp - Director/PDMR Shareholding
17/04/2024 17:00
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RNS Number : 0282L Legal & General Group Plc 17 April 2024
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 and CSOP options awarded on 13 April 2021. These shares vested on 13
April 2024 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 13 April 2021 Number of shares vested on Shares sold to cover tax at a price of £2.476 Remaining shares sold at a share price of £2.476 Shares retained
13 April 2024
by individual
Bernard Hickman PDMR 6,432 6,432 3,024 3,408 0
(Combined) (Combined)
Bernard Hickman PDMR 36,531 36,531 17,170 19,361 0
(Restricted) (Restricted)
Jeff Davies Director 47,376 47,376 22,267 0 25,109
Chris Knight PDMR 36,022 36,022 16,931 0 19,091
Michelle Scrimgeour PDMR 54,999 54,999 25,850 0 29,149
Emma Hardaker-Jones PDMR 32,269 32,269 14,522 17,747 0
Geoffrey Timms PDMR 10,156 10,156 4,774 5,382 0
(Combined) (Combined)
Geoffrey Timms PDMR 26,408 26,408 12,412 13,996 0
(Restricted) (Restricted)
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 6,432 shares (Combined).
2. Vesting of SBP Award over 36,531 shares (Restricted).
3. Sale of 6,432 shares, of which 3,024 shares sold to cover tax (no
shares retained).
4. Sale of 36,531 shares, of which 17,170 shares sold to cover tax (no
shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
6,
43
2
2. £0.00 2.
36
,5
31
3. £2.476 3. 6,432
4. £2.476 4. 36,531
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 6,432 1. £0.00
2. Price 2. Volume 2. Total
2. £0.00 2. 36,531 2. £0.00
3. Price 3. Volume 3. Total
3. £2.476 3. 6,432 3. £15,925.63
4. Price 4. Volume 4. Total
4. £2.476 4. 36,531 4. £90,450.76
e) Date of the transaction 13 April 2024
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 47,376 shares.
2. Sale of 22,267 shares to cover tax. The balance of 25,109 shares
retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
47
,3
76
2. £2.476 2.
22
,2
67
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 47,376 1. £0.00
2. Price 2. Volume 2. Total
2. £2.476 2. 22,267 2. £55,133.09
e) Date of the transaction 13 April 2024
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 36,022 shares.
2. Sale of 16,931 shares to cover tax. The balance of 19,091 shares
retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
36
,0
22
2. £2.476 2.
16
,9
31
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 36,022 1. £0.00
2. Price 2. Volume 2. Total
2. £2.476 2. 16,931 2. £41,921.16
e) Date of the transaction 13 April 2024
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 54,999 shares.
2. Sale of 25,850 shares to cover tax. The balance of 29,149 shares
retained.
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
54
,9
99
2. £2.476 2.
25
,8
50
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 54,999 1. £0.00
2. Price 2. Volume 2. Total
2. £2.476 2. 25,850 2. £64,004.60
e) Date of the transaction 13 April 2024
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 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. Vesting of SBP Award over 32,269 shares.
2. Sale of 32,269 shares, of which 14,522 shares sold to cover tax (no
shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
32
,2
69
2. £2.476 2.
32
,2
69
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 32,269 1. £0.00
2. Price 2. Volume 2. Total
2. £2.476 2. 32,269 2. £79,898.04
e) Date of the transaction 13 April 2024
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 10,156 shares (Combined).
2. Vesting of SBP Award over 26,408 shares (Restricted).
3. Sale of 10,156 shares, of which 4,774 shares sold to cover tax (no
shares retained).
4. Sale of 26,408 shares, of which 12,412 shares sold to cover tax (no
shares retained).
c) Price(s) and volume(s) Price(s) Volume(s)
1. £0.00 1.
10
,1
56
2. £0.00 2.
26
,4
08
3. £2.476 3. 10,156
4. £2.476 4. 26,408
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 10,156 1. £0.00
2. Price 2. Volume 2. Total
2. £0.00 2. 26,408 2. £0.00
3. Price 3. Volume 3. Total
3. £2.476 3. 10,156 3. £25,146.26
4. Price 4. Volume 4. Total
4. £2.476 4. 26,408 4. £65,386.21
e) Date of the transaction 13 April 2024
f) Place of the transaction London Stock Exchange, XLON
17 April 2024
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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