Director/PDMR Shareholding
Summary by AI BETAClose X
Legal & General Group Plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated
The following notification made under article 19 of the UK Market Abuse Regulation ("UK MAR") relates to the exercise of the award granted on 13 April 2021 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 2021 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for the financial year ended 31 December 2023. The number of options that vested were then subject to a two year holding period that ended on 13 April 2026 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 |
Number of shares exercised on 20 April 2026 |
Shares sold to cover tax and dealing costs at a price of £2.707991 |
Shares retained by individual |
|
Andrew Kail |
Director |
475,866 |
426,166 |
204,858 |
221,308 |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
|
a) |
Name |
Andrew Kail |
||
|
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 2021 award of nil cost options over 426,166 shares. 2. Sale of 204,858 shares to cover tax and dealing costs (221,308 shares retained). |
||
|
c)
|
Price(s) and volume(s)
|
Price(s) |
Volume(s) |
|
|
1. £0.00 |
1. 426,166 |
|||
|
2. £2.707991 |
2. 204,858 |
|||
|
d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
|
|
1. £0.00 |
1. 426,166 |
1. £0.00 |
|
|
|
|
|
|
|
|
|
2. Price |
2. Volume |
2. Total |
|
|
|
2. £2.707991 |
2. 204,858 |
2. £554,753.62 |
|
|
e) |
Date of the transaction |
20 April 2026 |
||
|
f) |
Place of the transaction |
London Stock Exchange, XLON
|
||
21 April 2026
Leanne Cornish
Deputy Group Company Secretary
Legal & General Group Plc
Tel: 020 3124 4111
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