Director/PDMR Shareholding

Legal & General Group Plc

16 May 2024

 

Legal & General Group Plc                 

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

The following notification made under article 19 of the UK Market Abuse Regulation ("UK MAR") relates to the exercise of awards granted on 18 April 2017 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 2017 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2019. The options vested in tranches and became exercisable in 2021 and 2022. Options that vested had to be exercised by the seventh anniversary of the date of grant on 18 April 2024.

The Company was notified of the exercise on 15 May 2024.

Name	Director/ PDMR	Number of shares awarded on 18 April 2017	Number of shares exercised on 18 April 2024	Shares sold to cover tax at a price of £2.450	Shares retained by individual
Chris Knight	PDMR	3,398 (Tranche 2)	3,398 (Tranche 2)	1,598	1,800
Chris Knight	PDMR	46,458 (Tranche 3)	46,458 (Tranche 3)	21,836	24,622

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.   Exercise of PSP 2017 award of nil cost options over 3,398 shares (Tranche 2). 2.   Exercise of PSP 2017 award of nil cost options over 46,458 shares (Tranche 3). 3.   Sale of PSP 2017 1,598 shares to cover tax and dealing costs (1,800 shares retained). 4.   Sale of PSP 2017 21,836 shares to cover tax and dealing costs (24,622 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.   £0.00	1.   3,398
		2.   £0.00	2.   46,458
		3.   £2.450	3.   1,598
		4.   £2.450	4.   21,836
d)	Aggregated information -      Aggregated volume -      Price	Price	Volume	Total
		1.   £0.00 2.   £0.00 3.   £2.450 4.   £2.450	1.    3,398 2.    46,458 3.    1,598 4.     21,836	1.   £0.00 2.   £0.00 3.   £3,915.10 4.   £53,498.20
e)	Date of the transaction	18 April 2024
f)	Place of the transaction	London Stock Exchange, XLON

16 May 2024

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

Tel: [phone]

 

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