Director/PDMR Shareholding

Legal & General Group Plc

18 April 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 exercise of awards granted on 16 April 2019 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 2019 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2021. The number of options that vested were then subject to a two year holding period that ended on 16 April 2024 when the options became exercisable. The options must be exercised by the seventh anniversary of the date of the grant.

Name	Director/ PDMR	Number of shares awarded on 16 April 2019	Number of shares exercised on 16 April 2024	Shares sold to cover tax at a price of £2.433	Remaining shares sold at a price of £2.433	Shares retained by individual
Geoffrey Timms	PDMR	178,857	178,857	84,063	94,794	0
Jeff Davies	Director	470,011	470,011	220,906	0	249,105
Emma Hardaker-Jones	PDMR	150,944	150,944	70,944	80,000	0

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.   Exercise of PSP 2019 award of nil cost options over 178,857 shares. 2.   Sale of 178,857 shares, of which 84,063 shares sold to cover tax and dealing costs (nil shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.   £0.00	1.   178,857
		2.   £2.433	2.   178,857
d)	Aggregated information -      Aggregated volume -      Price	1.   Price	1.   Volume	1.   Total
		1.   £0.00	1.   178,857	1.   £0.00
		2.   Price	2.   Volume	2.   Total
		2.   £2.433	2.   178,857	2.   £435,159.08
e)	Date of the transaction	16 April 2024
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.   Exercise of PSP 2019 award of nil cost options over 470,011 shares. 2.   Sale of 220,906 shares to cover tax and dealing costs (249,105 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.   £0.00	1.   470,011
		2.   £2.433	2.   220,906
d)	Aggregated information -      Aggregated volume -      Price	1.   Price	1.   Volume	1.   Total
		1.   £0.00	1.   470,011	1.   £0.00
		2.   Price	2.   Volume	2.   Total
		2.   £2.433	2.   220,906	2.   £537,464.30
e)	Date of the transaction	16 April 2024
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	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.   Exercise of PSP 2019 award of nil cost options over 150,944 shares. 2.   Sale of 150,944 shares, of which 70,944 shares sold to cover tax and dealing costs (nil shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.   £0.00	1.   150,944
		2.   £2.433	2.   150,944
d)	Aggregated information -      Aggregated volume -      Price	1.   Price	1.   Volume	1.   Total
		1.   £0.00	1.   150,944	1.   £0.00
		2.   Price	2.   Volume	2.   Total
		2.   £2.433	2.   150,944	2.   £367,246.75
e)	Date of the transaction	16 April 2024
f)	Place of the transaction	London Stock Exchange, XLON

18 April 2024

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

Tel: [phone]

 

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