TIDMLGEN

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        Number of     Shares sold to   Total number of  Shares retained 
                                   shares awarded       shares        cover tax and     shares sold     by individual 
                                         on         exercised on 17  social security 
                                    16 April 2018     April 2023 
 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                       Initial Notification 
     notification/Amendment 
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  Ordinary shares of GBP0.025 each, with voting rights attached 
     instrument, type of            GB0005603997 
     instrument 
     Identification code 
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. GBP2.490                                                     2. 52,051 
d)   Aggregated information        1. Price                       1. Volume               1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                      1. 52,051               1. GBP0.00 
 
  2. Price                                                        2. Volume               2. Total 
  2. GBP2.490                                                     2. 52,051               2. GBP129,606.99 
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                       Initial Notification 
     notification/Amendment 
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  Ordinary shares of GBP0.025 each, with voting rights attached 
     instrument, type of            GB0005603997 
     instrument 
     Identification code 
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. GBP2.490                                                     2. 43,969 
d)   Aggregated information        1. Price                       1. Volume               1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                      1. 43,969               1. GBP0.00 
 
  2. Price                                                        2. Volume               2. Total 
  2. GBP2.490                                                     2. 43,969               2. GBP109,482.81 
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                        Initial Notification 
     notification/Amendment 
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   Ordinary shares of GBP0.025 each, with voting rights attached 
     instrument, type of             GB0005603997 
     instrument 
     Identification code 
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. GBP2.490                                                      2. 24,586 
d)   Aggregated information         1. Price                       1. Volume             1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                       1. 52,309             1. GBP0.00 
 
  2. Price                                                         2. Volume             2. Total 
  2. GBP2.490                                                      2. 24,586             2. GBP61,219.14 
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                        Initial Notification 
     notification/Amendment 
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   Ordinary shares of GBP0.025 each, with voting rights attached 
     instrument, type of             GB0005603997 
     instrument 
     Identification code 
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. GBP2.490                                                      2. 62,086 
d)   Aggregated information         1. Price                       1. Volume             1. Total 
      - Aggregated volume 
      - Price 
  1. GBP0.00                                                       1. 132,097            1. GBP0.00 
 
  2. Price                                                         2. Volume             2. Total 
  2. GBP2.490                                                      2. 62,086             2. GBP154,594.14 
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: 020 3124 4111

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