REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

13/05/2024 17:00

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RNS Number : 2245O  Legal & General Group Plc  13 May 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 £2.489   Shares retained by individual
 Bernard Hickman  PDMR                                                                                                    85,974                                          96,949

                                  182,923                                    182,923

 

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Bernard Hickman
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer, Legal & General Retail/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 182,923 shares.

                                                                   2.   Sale of 85,974 shares to cover tax and dealing costs (96,949 shares
                                                                   retained).
 c)   Price(s) and volume(s)                                       Price(s)                    Volume

      1.   £0.00                                                                                                           1.

                                                                                                                           18
                                                                                                                           2,
                                                                                                                           92
                                                                                                                           3
      2.   £2.489                                                                                                          2.

                                                                                                                           85
                                                                                                                           ,9
                                                                                                                           74
 d)   Aggregated information                                       1.   Price                  1.   Volume                 1.   Total

      -      Aggregated volume

      -      Price
      1.   £0.00                                                                               1.   182,923                1.   £0.00

      2.   Price                                                                               2.   Volume                 2.   Total
      2.   £2.489                                                                              2.   85,974                 2.   £213,989.29
 e)   Date of the transaction                                      09 May 2024
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

13 May 2024

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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