REG - Legal & General Grp - Director/PDMR Shareholding
18/04/2024 17:00
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RNS Number : 2104L Legal & General Group Plc 18 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 exercise of awards granted on 16 April
2019 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
2019 provide that the award vests, subject to satisfaction of the performance
conditions, after the announcement of the results for 2021. The number of
options that vested were then subject to a two year holding period that ended
on 16 April 2024 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 16 April 2019 Number of shares exercised on 16 April 2024 Shares sold to cover tax at a price of £2.433 Remaining shares sold at a price of £2.433 Shares retained by individual
Geoffrey Timms PDMR 178,857 178,857 84,063 94,794 0
Jeff Davies Director 470,011 470,011 220,906 0 249,105
Emma Hardaker-Jones PDMR 150,944 150,944 70,944 80,000 0
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 2019 award of nil cost options over 178,857 shares.
2. Sale of 178,857 shares, of which 84,063 shares sold to cover tax and
dealing costs (nil shares retained).
c) Price(s) and volume(s) Price(s) Volume
1. £0.00 1.
17
8,
85
7
2. £2.433 2.
17
8,
85
7
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 178,857 1. £0.00
2. Price 2. Volume 2. Total
2. £2.433 2. 178,857 2. £435,159.08
e) Date of the transaction 16 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. Exercise of PSP 2019 award of nil cost options over 470,011 shares.
2. Sale of 220,906 shares to cover tax and dealing costs (249,105 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. £0.00 1.
47
0,
01
1
2. £2.433 2.
22
0,
90
6
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 470,011 1. £0.00
2. Price 2. Volume 2. Total
2. £2.433 2. 220,906 2. £537,464.30
e) Date of the transaction 16 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. Exercise of PSP 2019 award of nil cost options over 150,944 shares.
2. Sale of 150,944 shares, of which 70,944 shares sold to cover tax and
dealing costs (nil shares retained).
c) Price(s) and volume(s) Price(s) Volume
1. £0.00 1.
15
0,
94
4
2. £2.433 2.
15
0,
94
4
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 150,944 1. £0.00
2. Price 2. Volume 2. Total
2. £2.433 2. 150,944 2. £367,246.75
e) Date of the transaction 16 April 2024
f) Place of the transaction London Stock Exchange, XLON
18 April 2024
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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