Director/PDMR Shareholding

RNS Number : 8109W

Legal & General Group Plc

19 April 2023

 

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 2018 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 2018 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2020. The number of options that vested were then subject to a two year holding period that ended on 16 April 2023 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 2018	Number of shares exercised on 17 April 2023	Shares sold to cover tax and social security	Total number of shares sold	Shares retained by individual
Geoffrey Timms	PDMR	52,051	52,051	24,464	52,051	0
Emma Hardaker-Jones	PDMR	43,969	43,969	20,666	43,969	0
Bernard Hickman	PDMR	52,309	52,309	24,586	24,586	27,723
Jeff Davies	Director	132,097	132,097	62,086	62,086	70,011

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 2018 award of nil cost options over 52,051 shares. 2.  Sale of 52,051 shares, of which 24,464 shares sold to cover tax and dealing costs (no shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  52,051
		2.  £2.490	2.  52,051
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  52,051	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.490	2.  52,051	2.  £129,606.99
e)	Date of the transaction	17 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.  Exercise of PSP 2018 award of nil cost options over 43,969 shares. 2.  Sale of 43,969 shares, of which 20,666 shares sold to cover tax and dealing costs (no shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  43,969
		2.  £2.490	2.  43,969
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  43,969	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.490	2.  43,969	2.  £109,482.81
e)	Date of the transaction	17 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.  Exercise of PSP 2018 award of nil cost options over 52,309 shares. 2.  Sale of 24,586 shares to cover tax and dealing costs ( 27,723 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  52,309
		2.  £2.490	2.  24,586
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  52,309	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.490	2.  24,586	2.  £61,219.14
e)	Date of the transaction	17 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.  Exercise of PSP 2018 award of nil cost options over 132,097 shares. 2.  Sale of 62,086 shares to cover tax and dealing costs ( 70,011 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  132,097
		2.  £2.490	2.  62,086
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  132,097	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.490	2.  62,086	2.  £154,594.14
e)	Date of the transaction	17 April 2023
f)	Place of the transaction	London Stock Exchange, XLON

19 April 2023

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

Tel: [phone]

 

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