Director/PDMR Shareholding
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 conditional and restricted shares awarded on 12 August 2020. These shares vested on 14 April 2023 and were released under the terms of The Legal & General Group Share Bonus Plan (SBP), in respect of the Directors below. 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.
|
Name |
Director/ PDMR |
Number of shares awarded on 12 August 2020 |
Number of shares vested on
|
Shares sold to cover tax and social security at a price of £2.501 |
Remaining shares sold at a share price of £2.501 |
Shares retained |
|
Nigel Wilson |
Director |
326,026 |
326,026 |
153,233 |
0 |
172,793 |
|
Jeff Davies |
Director |
192,351 |
192,351 |
90,405 |
0 |
101,946 |
|
Kerrigan Procter |
PDMR |
178,249 |
178,249 |
83,778 |
0 |
94,471 |
|
Michelle Scrimgeour |
PDMR |
93,791 |
93,791 |
44,082 |
0 |
49,709 |
|
John Godfrey |
PDMR |
32,099 |
32,099 |
15,087 |
0 |
17,012 |
|
Bernard Hickman |
PDMR |
64,242 |
64,242 |
30,194 |
0 |
34,048 |
|
Chris Knight |
PDMR |
73,754 |
73,754 |
34,665 |
0 |
39,089 |
|
Stephen Licence |
PDMR |
37,274 |
37,274 |
17,519 |
0 |
19,755 |
|
Laura Mason |
PDMR |
115,667 |
115,667 |
54,364 |
0 |
61,303 |
|
Emma Hardaker-Jones |
PDMR |
40,398 |
40,398 |
18,988 |
21,410 |
0 |
|
Geoffrey Timms |
PDMR |
66,293 |
66,293 |
31,158 |
35,135 |
0 |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
|
a) |
Name |
Nigel Wilson |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
Group Chief Executive 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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 326,026 shares. 2. Sale of 153,233 shares to cover tax and social security. The balance of 172,793 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 326,026 |
|||
|
2. £2.501 |
2. 153,233 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 326,026 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 153,233 |
2. £383,235.73 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
|
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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 192,351 shares. 2. Sale of 90,405 shares to cover tax and social security. The balance of 101,946 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 192,351 |
|||
|
2. £2.501 |
2. 90,405 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 192,351 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 90,405 |
2. £226,102.91 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
|
a) |
Name |
Kerrigan Procter |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
President of Asia-Pacific/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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 178,249 shares. 2. Sale of 83,778 shares to cover tax and social security. The balance of 94,471 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 178,249 |
|||
|
2. £2.501 |
2. 83,778 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 178,249 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 83,778 |
2. £209,528.78 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
|
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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 93,791 shares. 2. Sale of 44,082 shares to cover tax and social security. The balance of 49,709 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 93,791 |
|||
|
2. £2.501 |
2. 44,082 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 93,791 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 44,082 |
2. £110,249.08 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
|
a) |
Name |
John Godfrey |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
Director of Levelling Up/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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 32,099 shares. 2. Sale of 15,087 shares to cover tax and social security. The balance of 17,012 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 32,099 |
|||
|
2. £2.501 |
2. 15,087 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 32,099 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 15,087 |
2. £37,732.59 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
|
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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 64,242 shares. 2. Sale of 30,194 shares to cover tax and social security. The balance of 34,048 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 64,242 |
|||
|
2. £2.501 |
2. 30,194 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 64,242 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 30,194 |
2. £75,515.19 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 73,754 shares. 2. Sale of 34,665 shares to cover tax and social security. The balance of 39,089 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 73,754 |
|||
|
2. £2.501 |
2. 34,665 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 73,754 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 34,665 |
2. £86,697.17 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
|
a) |
Name |
Stephen Licence |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
Group Chief Internal Auditor/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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 37,274 shares. 2. Sale of 17,519 shares to cover tax and social security. The balance of 19,755 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 37,274 |
|||
|
2. £2.501 |
2. 17,519 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 37,274 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 17,519 |
2. £43,815.02 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
|
a) |
Name |
Laura Mason |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
Chief Executive Officer, Legal & General Capital/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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 115,667 shares. 2. Sale of 54,364 shares to cover tax and social security. The balance of 61,303 shares retained. |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 115,667 |
|||
|
2. £2.501 |
2. 54,364 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 115,667 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 54,364 |
2. £135,964.36 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
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 |
Group HR Director/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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 40,398 shares. 2. Sale of 40,398 shares, of which 18,988 shares sold to cover tax (no shares retained) .
|
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 40,398 |
|||
|
2. £2.501 |
2. 40,398 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 40,398 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 40,398 |
2. £101,035.40 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
||
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 66,293 shares. 2. Sale of 66,293 shares, of which 31,158 shares sold to cover tax (no shares retained) .
|
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 66,293 |
|||
|
2. £2.501 |
2. 66,293 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
1. £0.00 |
1. 66,293 |
1. £0.00 |
||
|
2. Price |
2. Volume |
2. Total |
||
|
2. £2.501 |
2. 66,293 |
2. £165,798.79 |
||
|
e) |
Date of the transaction |
14 April 2023 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
18 April 2023
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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