REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

21/03/2025 18:00

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RNS Number : 7452B  Legal & General Group Plc  21 March 2025

Legal & General Group Plc

 

 

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

 

In line with the announcement made on 15 June 2023, as part of the
remuneration terms relating to the appointment of António Simões as Group
Chief Executive Officer and as an Executive Director of Legal & General
Group Plc (the "Company"), the Company agreed to compensate António Simões
for incentive awards forfeited by him on leaving his former employer.

 

In accordance with such remuneration terms, on 20 March 2024, the Company
granted António Simões certain conditional awards of a total of 1,229,642
ordinary shares of 2.5p each in the Company under a one-off recruitment
arrangement (the "Plan"), the terms of which are substantively equivalent to
the Company's Share Bonus Plan. Further to the announcement made on 21 March
2024, and following the Plan, António's conditional awards of 170,512 shares
and 216,096 shares vested on 20 March 2025. In line with best practice, the
terms of the award entitle António to dividend equivalent payments to the
extent that the award vests, which will be delivered in the form of additional
shares and are included within the number of shares below.

 

The awards were granted on the basis of an average closing share price on the
London Stock Exchange between 5 June 2023 and 7 June 2023 of £2.3767. No
consideration was paid for the grant of the awards. No price is payable on
the vesting of the awards.

 

This announcement, including the notifications below, is made in accordance
with the requirements of Article 19 of the UK Market Abuse Regulation.

 

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         António Simões
 2    Reason for the notification
 a)   Position/status                                              Group Chief Executive 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 recruitment award of 419,739 shares.

                                                                   2.   Sale of 197,279 shares to cover tax and national insurance. The balance
                                                                   of 222,460 shares retained.

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

      1. Nil                                                                                                                 1.
                                                                                                                             41
                                                                                                                             9,
                                                                                                                             73
                                                                                                                             9
      2. £2.443                                                                                                              2.
                                                                                                                             19
                                                                                                                             7,
                                                                                                                             27
                                                                                                                             9
 d)   Aggregated information                                       1.   Price                   1.   Volume                  1.   Total

      -      Aggregated volume

      -      Price
      1. Nil                                                                                    1. 419,739                   1. Nil
                                                                   2.   Price                   2.   Volume                  2.   Total
                                                                   2. £2.443                    2. 197,279                   2. £481,952.60
 e)   Date of the transaction                                      20 March 2025
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

21 March 2025

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

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