REG - Legal & General Grp - Director/PDMR Shareholding

Legal & GeneralAnnouncement

21/03/2025 18:00

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RNS Number : 7447B  Legal & General Group Plc  21 March 2025

Legal & General Group
Plc

 

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

 

As part of the remuneration terms relating to the appointment of Katie Worgan
as Group Chief Operating Officer, Legal & General Group Plc ("the
Company") agreed to compensate her for incentive awards forfeited by her on
leaving her former employer.

Share Bonus Plan Award

On 21 March 2025, the Company granted Katie Worgan the following awards of a
total of 97,540 ordinary shares of 2.5p each (the "Shares") in the Company
under the Share Bonus Plan (the "Plan"), which will normally vest (subject to
those terms) as set out below:

a. a restricted share award of 13,773 Shares with a vesting date of 30
September 2025;

b. a restricted share award of 14,709 Shares with a vesting date of 31 March
2026;

c. a restricted share award of 9,514 Shares with a vesting date of 30
September 2026;

d. a restricted share award of 14,709 Shares with a vesting date of 31 March
2027;

e. a restricted share award of 4,665 Shares with a vesting date of 30
September 2027;

f. a restricted share award of 14,709 Shares with a vesting date of 31 March
2028;

g. a restricted share award of 14,711 Shares with a vesting date of 31 March
2029;

h. a restricted share award of 10,750 Shares with a vesting date of 31 March
2030.

The awards will vest subject to continued employment with the Company.

The awards were granted on the basis of an average closing share price on the
London Stock Exchange between 2(nd) and 4(th) September 2024 of £2.238. No
consideration was paid for the grant of the awards. No price is payable on
the vesting of the awards.

This announcement has been made following the requirements of Article 19 of
the UK Market Abuse Regulations.

 

SBP Awards (Restricted)

 

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Katie Worgan
 2    Reason for the notification
 a)   Position/status                                              Group Chief Operating 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.   SBP restricted share awards for the PDMR listed in 1a above

 c)   Price(s) and volume(s)                                       Price(s)                            Volume

      1.   £2.238                                                                                      1.   13,773

      2.   £2.238                                                                                      2.  14,709

      3.   £2.238                                                                                      3.  9,514

      4.   £2.238                                                                                      4. 14,709

      5.   £2.238                                                                                      5. 4,665

      6.   £2.238                                                                                      6. 14,709

      7.   £2.238                                                                                      7.  14,711

      8.   £2.238                                                                                      8. 10,750
 d)   Aggregated information                                        N/A (Single Transaction)

      -      Aggregated volume

      -      Price
 e)   Date of the transaction                                      21 March 2025
 f)   Place of the transaction                                     London Stock Exchange, XLON

 

 

 

 

 

21 March 2025

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

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