REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

14/06/2024 18:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240614:nRSN5783Sa&default-theme=true

RNS Number : 5783S  Legal & General Group Plc  14 June 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 vesting of restricted shares and CSOP
options awarded on 13 April 2021. These shares vested on 13 April 2024 and
were released under the terms of The Legal & General Group Share Bonus
Plan (SBP), in respect of the PDMR below, on 14 May 2024. Under the plan
provisions, the default of selling sufficient shares to cover tax liabilities
and retention of the remaining shares is applied if no election is received
from participants within one month.

 

 

 Name                 Director/ PDMR  Number of shares awarded on 13 April 2021  Number of shares vested on                               Shares sold to cover tax at a price of £2.452   Remaining shares sold at a share price of £2.452   Shares retained
                                                                                 13 April 2024 and subsequently released on 14 May 2024
by individual

 Michelle Scrimgeour  PDMR            10,156                                     10,156                                                   4,774                                           0                                                  5,382

 

 

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Michelle Scrimgeour
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer, Legal & General Investment Management/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 SBP Award over 10,156 shares.

                                                                   2.   Sale of 4,774 shares to cover tax. The balance of 5,382 shares
                                                                   retained.
 c)   Price(s) and volume(s)                                       Price(s)                  Volume(s)

      1.   £0.00                                                                                                       1.

                                                                                                                       10
                                                                                                                       ,1
                                                                                                                       56
      2.   £2.452                                                                                                      2.

                                                                                                                       4,
                                                                                                                       77
                                                                                                                       4
 d)   Aggregated information                                       1.   Price                1.   Volume               1.   Total

      -      Aggregated volume

      -      Price
      1.   £0.00                                                                             1.   10,156               1.   £0.00
      2.   Price                                                                             2.   Volume               2.   Total
      2.   £2.452                                                                            2.   4,774                2. £11,705.848
 e)   Date of the transaction                                      14 May 2024
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

 

14 June 2024

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHQZLFFZQLFBBB