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 19.1 and 19.3 of the Market Abuse Regulation ("MAR") relates to the vesting of conditional and restricted shares and exercise of combined awards of CSOP options and Restricted Shares awarded on 16 April 2018. These shares vested on 16 April 2021 and were released under the terms of the Legal & General Group 2010 Share Bonus Plan (SBP) incorporating The Legal & General Group Company Share Option Plan (CSOP), in respect of the Directors below. Under the plan provisions, the default of selling sufficient shares to cover tax liabilities and retention of the remaining shares is applied if no election is received from participants.
| Name | Director/ PDMR | Number of shares awarded on 16 April 2018 | Number of shares vested on
| Shares sold at a share price of £2.790 | Shares retained |
| Bernard Hickman | PDMR | 32,469 | 32,469 | 32,649 | 0 |
| Simon Gadd | PDMR | 31,231 | 31,231 | 31,231 | 0 |
| Geoffrey Timms | PDMR | 74,869 | 74,869 | 74,869 | 0 |
| Nigel Wilson | Director | 264,717 | 264,717 | 124,417 | 140,300 |
| Jeff Davies | Director | 122,767 | 122,767 | 57,510 | 65,257 |
| Kerrigan Procter | PDMR | 161,699 | 161,699 | 75,999 | 85,700 |
| Emma Hardaker-Jones | PDMR | 4,696 | 4,696 | 2,127 | 2,569 |
| John Godfrey | PDMR | 1,395 | 1,395 | 656 | 739 |
| Chris Knight | PDMR | 23,530 | 23,530 | 11,060 | 12,470 |
| Stephen Licence | PDMR | 21,019 | 21,019 | 9,879 | 11,140 |
| Catherine Mason | PDMR | 37,667 | 37,667 | 17,704 | 19,963 |
| 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 Insurance/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. Vesting of SBP Award over 28,377 shares. 2. Sale of 28,377 shares. 3. Exercise of CSOP Award of options over 4,092 shares. 4. Sale of 4,092 shares. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 28,377 | |||
| 2. £2.790 | 2. 28,377 | |||
| 3. £2.688 | 3. 4,092 | |||
| 4. £2.790 | 4. 4,092 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 28,377 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 28,377 | 2. £79,171.83 | ||
| | | 3. Price | 3. Volume | 3. Total |
| | | 3. £2.688 | 3. 4,092 | 3. £10,999.30 |
| | | 4. Price | 4. Volume | 4. Total |
| | | 4. £2.790 | 4. 4,092 | 4. £11,416.68 |
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Simon Gadd | ||
| 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. Vesting of SBP Award over 31,231 shares. 2. Sale of 31,231 shares. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 31,231 | |||
| 2. £2.790 | 2. 31,231 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 31,231 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 31,231 | 2. £87,134.49 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 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. Vesting of SBP Award over 74,869 shares. 2. Sale of 74,869 shares. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 74,869 | |||
| 2. £2.790 | 2. 74,869 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 74,869 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 74,869 | 2. £208,884.51 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Nigel Wilson | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Group Chief Executive 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. Vesting of SBP Award over 264,717 shares. 2. Sale of 124,417 shares to cover tax and social security. The balance of 140,300 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 264,717 | |||
| 2. £2.790 | 2. 124,417 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 264,717 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 124,417 | 2. £347,123.43 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| 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. Vesting of SBP Award over 111,607 shares. 2. Sale of 52,456 shares to cover tax and social security. The balance of 59,151 shares retained. 3. Exercise of CSOP Award of options over 11,160 shares. 4. Sale of 5,054 shares to cover tax and social security. The balance of 6,106 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 111,607 | |||
| 2. £2.790 | 2. 52,456 | |||
| 3. £2.688 | 3. 11,160 | |||
| 4. £2.790 | 4. 5,054 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 111,607 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 52,456 | 2. £146,352.24 | ||
| | | 3. Price | 3. Volume | 3. Total |
| | | 3. £2.688 | 3. 11,160 | 3. £29,998.08 |
| | | 4. Price | 4. Volume | 4. Total |
| | | 4. £2.790 | 4. 5,054 | 4. £14,100.66 |
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Kerrigan Procter | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Executive Officer, Legal & General Capital/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. Vesting of SBP Award over 161,699 shares. 2. Sale of 75,999 shares to cover tax and social security. The balance of 85,700 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 161,699 | |||
| 2. £2.790 | 2. 75,999 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 161,699 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 75,999 | 2. £212,037.21 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| 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 CSOP Award of options over 4,696 shares. 2. Sale of 2,127 shares to cover tax and social security. The balance of 2,569 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £2.688 | 1. 4,696 | |||
| 2. £2.790 | 2. 2,127 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £2.688 | 1. 4,696 | 1. £12,622.848 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 2,127 | 2. £5,934.33 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | John Godfrey | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Corporate Affairs 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. Vesting of SBP Award over 1,395 shares. 2. Sale of 656 shares to cover tax and social security. The balance of 739 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 1,395 | |||
| 2. £2.790 | 2. 656 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 1,395 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 656 | 2. £1,830.24 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Chris Knight | ||
| 2 | Reason for the notification | |||
| a) | Position/status | 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. Vesting of SBP Award over 23,530 shares. 2. Sale of 11,060 shares to cover tax and social security. The balance of 12,470 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 23,530 | |||
| 2. £2.790 | 2. 11,060 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 23,530 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 11,060 | 2. £30,857.40 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Stephen Licence | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Group Chief Internal Auditor/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. Vesting of SBP Award over 21,019 shares. 2. Sale of 9,879 shares to cover tax and social security. The balance of 11,140 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 21,019 | |||
| 2. £2.790 | 2. 9,879 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 21,019 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 9,879 | 2. £27,562.41 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Catherine Mason | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Executive Officer, Legal & General Retirement, Institutional/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. Vesting of SBP Award over 37,667 shares. 2. Sale of 17,704 shares to cover tax and social security. The balance of 19,963 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 37,667 | |||
| 2. £2.790 | 2. 17,704 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 37,667 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.790 | 2. 17,704 | 2. £49,394.16 | ||
| e) | Date of the transaction | 16 April 2021 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
21 April 2021
Leanne Cornish
Assistant Company Secretary
Legal & General Group Plc
Tel: 0203 124 2107
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