RNS Number : 2104L
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: 020 3124 4111

 

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