Director/PDMR Shareholding

Legal & General Group Plc

09 April 2024

 

Legal & General Group Plc

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

On 8 April 2024, Legal & General Group Plc (the "Company") received notification that on 8 April 2024 the Directors and PDMRs named below had been awarded nil cost options over ordinary shares of 2.5p under the terms of the Performance Share Plan ("PSP") at an award price of £2.5244. The performance period in respect of the PSP awards will end on 31 December 2026. The performance conditions will then be tested and the vesting percentage confirmed after the announcement of Legal & General's 2026 annual results in March 2027.  Any options that vest will become exercisable on 8 April 2029 and must be exercised by the seventh anniversary of the date of grant.

On 8 April 2024, the Company also received notification that on 8 April 2024 the Directors and PDMRs named below were awarded either conditional shares or restricted shares at a price of £2.5227 per ordinary share under the terms of the Share Bonus Plan ("SBP"). All SBP awards vest on 8 April 2027.  

Name	Director/ PDMR	Number of PSP options awarded on 8 April 2024 at a price of £2.5244	Number of SBP Conditional Shares awarded on 8 April 2024 at a price of £2.5227	Number of SBP Restricted Shares awarded on 8 April 2024 at a price of £2.5227
António Simões	Director	1,396,371	610,314	-
Jeff Davies	Director	682,340	103,461	-
Michelle Scrimgeour	PDMR	666,495	-	108,555
Andrew Kail	PDMR	626,881	-	145,025
Laura Mason	PDMR	499,128	-	94,404
Bernard Hickman	PDMR	340,675	-	68,835
Chris Knight	PDMR	253,525	-	68,776
Geoffrey Timms	PDMR	244,018	-	77,695
Emma Hardaker-Jones	PDMR	285,216	-	66,596

PSP Awards

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   António Simões 2.   Jeff Davies 3.   Michelle Scrimgeour 4.   Andrew Kail 5.   Laura Mason 6.   Bernard Hickman 7.   Chris Knight 8.   Geoffrey Timms 9.   Emma Hardaker-Jones
2	Reason for the notification
a)	Position/status	1.   Group Chief Executive Officer/Director 2.   Group Chief Financial Officer/Director 3.   Chief Executive Officer, Legal & General Investment Management/PDMR 4.   Chief Executive Officer, Legal & General Retirement Institutional/PDMR 5.   Chief Executive Officer, Legal & General Capital/PDMR 6.   Chief Executive Officer, Legal & General Retail/PDMR 7.   Group Chief Risk Officer/PDMR 8.   Group General Counsel and Company Secretary/PDMR 9.   Chief Transformation & People 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	PSP options award for the Directors/PDMRs listed in 1a above
c)	Price(s) and volume(s)	Price(s)	Volume
		1.   £2.5244	1.   1,396,371
		2.   £2.5244	2.   682,340
		3.   £2.5244	3.   666,495
		4.   £2.5244	4.   626,881
		5.   £2.5244	5.   499,128
		6.   £2.5244	6.   340,675
		7.   £2.5244	7.   253,525
		8.   £2.5244	8.   244,018
		9.   £2.5244	9.   285,216
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single Transaction)
e)	Date of the transaction	08 April 2024
f)	Place of the transaction	London Stock Exchange, XLON

SBP Awards (Restricted and Conditional)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   António Simões 2.   Jeff Davies 3.   Michelle Scrimgeour 4.   Andrew Kail 5.   Laura Mason 6.   Bernard Hickman 7.   Chris Knight 8.   Geoffrey Timms 9.   Emma Hardaker-Jones
2	Reason for the notification
a)	Position/status	1.   Group Chief Executive Officer/Director 2.   Group Chief Financial Officer/Director 3.   Chief Executive Officer, Legal & General Investment Management/PDMR 4.   Chief Executive Officer, Legal & General Retirement Institutional/PDMR 5.   Chief Executive Officer, Legal & General Capital/PDMR 6.   Chief Executive Officer, Legal & General Retail/PDMR 7.   Group Chief Risk Officer/PDMR 8.   Group General Counsel and Company Secretary/PDMR 9.   Chief Transformation & People 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.   SBP conditional shares award for the Directors listed in 1a above 2.   SBP restricted shares award for the PDMRs listed in 1a above
c)	Price(s) and volume(s)	Price(s)	Volume
		1.   £2.5227	1.   610,314
		2.   £2.5227	2.   103,461
		3.   £2.5227	3.   108,555
		4.   £2.5227	4.   145,025
		5.   £2.5227	5.   94,404
		6.   £2.5227	6.   68,835
		7.   £2.5227	7.   68,776
		8.   £2.5227	8.   77,695
		9.   £2.5227	9.   66,596
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single Transaction)
e)	Date of the transaction	08 April 2024
f)	Place of the transaction	London Stock Exchange, XLON

09 April 2024

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

Tel: [phone]

 

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