REG - Legal & General Grp - Director/PDMR Shareholding
14/08/2025 18:15
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RNS Number : 4084V Legal & General Group Plc 14 August 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 12 August
2020 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
2020 provide that the award vests, subject to satisfaction of the performance
conditions, after the announcement of the results for 2022. The number of
options that vested were then subject to a two year holding period that ended
on 12 August 2025 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 12 August 2020 Number of shares exercised on 12 August 2025 Shares sold to cover tax at a price of £2.60 Remaining shares sold at a price of £2.60 Shares retained by individual
Jeff Davies Director 397,311 397,311 186,737 0 210,574
Chris Knight PDMR 120,673 120,673 56,717 0 63,956
Geoffrey Timms PDMR 146,533 146,533 68,871 0 77,662
Emma Hardaker-Jones PDMR 129,293 129,293 60,768 68,525 0
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 2020 award of nil cost options over 397,311 shares.
2. Sale of 186,737 shares to cover tax and dealing costs (210,574 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. £0.00 1.
39
7,
31
1
2. £2.60 2.
18
6,
73
7
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 397,311 1. £0.00
2. Price 2. Volume 2. Total
2. £2.60 2. 186,737 2. £485,516.20
e) Date of the transaction 12 August 2025
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. Exercise of PSP 2020 award of nil cost options over 120,673 shares.
2. Sale of 56,717 shares to cover tax and dealing costs (63,956 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. £0.00 1.
12
0,
67
3
2. £2.60 2.
56
,7
17
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 120,673 1. £0.00
2. Price 2. Volume 2. Total
2. £2.60 2. 56,717 2. £147,464.20
e) Date of the transaction 12 August 2025
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. Exercise of PSP 2020 award of nil cost options over 146,533 shares.
2. Sale of 68,871 shares to cover tax and dealing costs (77,662 shares
retained).
c) Price(s) and volume(s) Price(s) Volume
1. £0.00 1.
14
6,
53
3
2. £2.60 2.
68
,8
71
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 146,533 1. £0.00
2. Price 2. Volume 2. Total
2. £2.60 2. 68,871 2. £179,064.60
e) Date of the transaction 12 August 2025
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 2020 award of nil cost options over 129,293
shares.
2. Sale of 129,293 shares, of which 60,768 shares sold to cover tax and
dealing costs (nil shares retained).
c) Price(s) and volume(s) Price(s) Volume
1. £0.00 1.
12
9,
29
3
2. £2.60 2.
12
9,
29
3
d) Aggregated information 1. Price 1. Volume 1. Total
- Aggregated volume
- Price
1. £0.00 1. 129,293 1. £0.00
2. Price 2. Volume 2. Total
2. £2.60 2. 129,293 2. £336,161.80
e) Date of the transaction 12 August 2025
f) Place of the transaction London Stock Exchange, XLON
14 August 2025
Leanne Cornish
Group Head of Secretariat and Corporate Governance
Legal & General Group Plc
Tel: 020 3124 4111
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