REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

16/05/2024 17:00

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RNS Number : 7962O  Legal & General Group Plc  16 May 2024

 

 

Legal & General Group Plc

 

 

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

 

The following notification made under article 19 of the UK Market Abuse
Regulation ("UK MAR") relates to the exercise of awards granted on 18 April
2017 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
2017 provide that the award vests, subject to satisfaction of the performance
conditions, after the announcement of the results for 2019. The options vested
in tranches and became exercisable in 2021 and 2022. Options that vested had
to be exercised by the seventh anniversary of the date of grant on 18 April
2024.

The Company was notified of the exercise on 15 May 2024.

 Name          Director/ PDMR  Number of shares awarded on 18 April 2017  Number of shares exercised on 18 April 2024  Shares sold to cover tax at a price of £2.450   Shares retained by individual
 Chris Knight  PDMR                                                                                                    1,598                                           1,800

                               3,398                                      3,398

                               (Tranche 2)                                (Tranche 2)
 Chris Knight  PDMR                                                                                                    21,836                                          24,622

                               46,458                                     46,458

                               (Tranche 3)                                (Tranche 3)

 

 

 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 2017 award of nil cost options over 3,398 shares
                                                                   (Tranche 2).

                                                                   2.   Exercise of PSP 2017 award of nil cost options over 46,458 shares
                                                                   (Tranche 3).

                                                                   3.   Sale of PSP 2017 1,598 shares to cover tax and dealing costs (1,800
                                                                   shares retained).

                                                                   4.   Sale of PSP 2017 21,836 shares to cover tax and dealing costs (24,622
                                                                   shares retained).
 c)   Price(s) and volume(s)                                       Price(s)                    Volume(s)

      1.   £0.00                                                                                                           1.

                                                                                                                           3,
                                                                                                                           39
                                                                                                                           8
      2.   £0.00                                                                                                           2.

                                                                                                                           46
                                                                                                                           ,4
                                                                                                                           58
      3.   £2.450                                                                                                          3.

                                                                                                                           1,
                                                                                                                           59
                                                                                                                           8
      4.   £2.450                                                                                                          4.

                                                                                                                           21
                                                                                                                           ,8
                                                                                                                           36
 d)   Aggregated information                                       Price                       Volume                      Total

      -      Aggregated volume

      -      Price
      1.   £0.00                                                                               1.    3,398                 1.   £0.00

      2.   £0.00                                                                               2.    46,458                2.   £0.00

      3.   £2.450                                                                              3.    1,598                 3.   £3,915.10

      4.   £2.450                                                                              4.     21,836               4.   £53,498.20
 e)   Date of the transaction                                      18 April 2024
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

16 May 2024

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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