REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

07/04/2025 18:15

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RNS Number : 9620D  Legal & General Group Plc  07 April 2025

 

 

 

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 and 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
2018 and 2019 provide that the award vests, subject to satisfaction of the
performance conditions, after the announcement of the results for 2021 and
2022 respectively. The options vested in tranches and became exercisable in
2025. Options that vested had to be exercised by the seventh anniversary of
the date of grant on 3 April 2025.

The Company was notified of the exercise on 4 April 2025.

 Name          Director/ PDMR  Number of shares awarded on 16 April 2018  Number of shares awarded on 16 April 2019  Number of shares exercised on 3 April 2025  Shares sold to cover tax at a price of £2.373   Remaining shares sold at a share price of £2.373

                                                                                                                                                                                                                                                                    Shares retained by individual

 Chris Knight  PDMR                                                       -                                                                                      16,800                                          18,943

                               35,743                                                                                35,743                                                                                                                                         0
 Chris Knight  PDMR            -                                                                                                                                 66,868                                          75,404

                                                                          142,272                                    142,272

                                                                                                                                                                                                                                                                    0

 

 

 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.   Exercise of PSP 2018 award of nil cost options over 35,743 shares.

                                                                   2.   Exercise of PSP 2019 award of nil cost options over 142,272.

                                                                   3.   Sale of 35,743 shares, of which 16,800 shares were sold to cover tax
                                                                   and dealing costs (no shares retained).

                                                                   4.   Sale of 142,272 shares, of which 66,868 shares were sold to cover tax
                                                                   and dealing costs (no shares retained).
 c)   Price(s) and volume(s)                                       Price(s)                                  Volume(s)

      1.   £0.00                                                                                             1.   35,743
      2.   £0.00                                                                                             2.   142,272
      3.   £2.373                                                                                            3.   35,743
      4.   £2.373                                                                                            4.   142,272
 d)   Aggregated information                                       Price                 Volume             Total

      -      Aggregated volume                                     1.  £0.00           1.  35,743          1.  £0.00

      -      Price                                                 2.  £0.00           2.  142,272        2.  £0.00

                                                                   3.  £2.373          3.  35,743          3.  £84,818.14

                                                                   4.  £2.373          4.  142,272        4.  £337,611.46
 e)   Date of the transaction                                      3 April 2025
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

7 April 2025

 

Leanne Cornish

Group Head of Secretariat and Corporate Governance

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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