REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

06/12/2024 18:00

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RNS Number : 2028P  Legal & General Group Plc  06 December 2024

 

 

 

Legal & General Group Plc

 

Notification of Transactions of Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them

 

As part of the remuneration terms relating to the appointment of Eric Adler as
CEO, Asset Management, Legal & General Group plc ("the Company") agreed to
compensate him for incentive awards forfeited by him on leaving his former
employer.

On 5 December 2024, the Company granted Eric Adler the following conditional
awards of a total of 3,568,462 ordinary shares of 2.5p each (the "Shares") in
the Company under the Share Bonus Plan (the "Plan"), which will normally vest
(subject to those terms) as set out below:

a. a conditional award of 1,159,707 Shares with a vesting date of 6 April
2025;

b. a conditional award of 1,227,772 Shares with a vesting date of 6 April
2026; and

c. a conditional award of 1,180,983 Shares with a vesting date of 6 April
2027.

 The awards will vest subject to continued employment with the Company.

The awards were granted on the basis of an average closing share price on the
London Stock Exchange between 5th and 9th September 2024 of £2.259. No
consideration was paid for the grant of the awards. No price is payable on
the vesting of the awards.

 

SBP Awards (Conditional)

 

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Eric Adler
 2    Reason for the notification
 a)   Position/status                                              CEO, Asset 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                                        SBP conditional shares award for the PDMR listed in 1a above

 c)   Price(s) and volume(s)                                       Price(s)                         Volume

      1.   £2.2590                                                                                  1.   1,159,707

      2.   £2.2590                                                                                  2.   1,227,772

      3.   £2.2590                                                                                  3.   1,180,983
 d)   Aggregated information                                        N/A (Single Transaction)

      -      Aggregated volume

      -      Price
 e)   Date of the transaction                                      05 December 2024
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

 

 

 

06 December 2024

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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