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 vesting of conditional and restricted shares and CSOP options awarded on 13 April 2021. These shares vested on 13 April 2024 and were released under the terms of The Legal & General Group Share Bonus Plan (SBP), 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 13 April 2021 | Number of shares vested on
| Shares sold to cover tax at a price of £2.476 | Remaining shares sold at a share price of £2.476 | Shares retained |
| Bernard Hickman | PDMR | 6,432 (Combined) | 6,432 (Combined) | 3,024 | 3,408 | 0 |
| Bernard Hickman | PDMR | 36,531 (Restricted) | 36,531 (Restricted) | 17,170 | 19,361 | 0 |
| Jeff Davies | Director | 47,376 | 47,376 | 22,267 | 0 | 25,109 |
| Chris Knight | PDMR | 36,022 | 36,022 | 16,931 | 0 | 19,091 |
| Michelle Scrimgeour | PDMR | 54,999 | 54,999 | 25,850 | 0 | 29,149 |
| Emma Hardaker-Jones | PDMR | 32,269 | 32,269 | 14,522 | 17,747 | 0 |
| Geoffrey Timms | PDMR | 10,156 (Combined) | 10,156 (Combined) | 4,774 | 5,382 | 0 |
| Geoffrey Timms | PDMR | 26,408 (Restricted) | 26,408 (Restricted) | 12,412 | 13,996 | 0 |
| 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. Vesting of SBP Award over 6,432 shares (Combined). 2. Vesting of SBP Award over 36,531 shares (Restricted). 3. Sale of 6,432 shares, of which 3,024 shares sold to cover tax (no shares retained). 4. Sale of 36,531 shares, of which 17,170 shares sold to cover tax (no shares retained).
| ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 6,432 | |||
| 2. £0.00 | 2. 36,531 | |||
| | | 3. £2.476 | 3. 6,432 | |
| | | 4. £2.476 | 4. 36,531 | |
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 6,432 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £0.00 3. Price 3. £2.476 4. Price 4. £2.476 | 2. 36,531 3. Volume 3. 6,432 4. Volume 4. 36,531 | 2. £0.00 3. Total 3. £15,925.63 4. Total 4. £90,450.76 | ||
| e) | Date of the transaction | 13 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. Vesting of SBP Award over 47,376 shares. 2. Sale of 22,267 shares to cover tax. The balance of 25,109 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 47,376 | |||
| 2. £2.476 | 2. 22,267 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 47,376 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.476 | 2. 22,267 | 2. £55,133.09 | ||
| e) | Date of the transaction | 13 April 2024 | ||
| 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 | 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 36,022 shares. 2. Sale of 16,931 shares to cover tax. The balance of 19,091 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 36,022 | |||
| 2. £2.476 | 2. 16,931 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 36,022 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.476 | 2. 16,931 | 2. £41,921.16 | ||
| e) | Date of the transaction | 13 April 2024 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Michelle Scrimgeour | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Executive Officer, Legal & General Investment Management/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 54,999 shares. 2. Sale of 25,850 shares to cover tax. The balance of 29,149 shares retained. | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 54,999 | |||
| 2. £2.476 | 2. 25,850 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 54,999 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.476 | 2. 25,850 | 2. £64,004.60 | ||
| e) | Date of the transaction | 13 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. Vesting of SBP Award over 32,269 shares. 2. Sale of 32,269 shares, of which 14,522 shares sold to cover tax (no shares retained). | ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 32,269 | |||
| 2. £2.476 | 2. 32,269 | |||
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 32,269 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £2.476 | 2. 32,269 | 2. £79,898.04 | ||
| e) | Date of the transaction | 13 April 2024 | ||
| 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 10,156 shares (Combined). 2. Vesting of SBP Award over 26,408 shares (Restricted). 3. Sale of 10,156 shares, of which 4,774 shares sold to cover tax (no shares retained). 4. Sale of 26,408 shares, of which 12,412 shares sold to cover tax (no shares retained).
| ||
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 1. £0.00 | 1. 10,156 | |||
| 2. £0.00 | 2. 26,408 | |||
| | | 3. £2.476 | 3. 10,156 | |
| | | 4. £2.476 | 4. 26,408 | |
| d) | Aggregated information - Aggregated volume - Price | 1. Price | 1. Volume | 1. Total |
| 1. £0.00 | 1. 10,156 | 1. £0.00 | ||
| 2. Price | 2. Volume | 2. Total | ||
| 2. £0.00 3. Price 3. £2.476 4. Price 4. £2.476 | 2. 26,408 3. Volume 3. 10,156 4. Volume 4. 26,408 | 2. £0.00 3. Total 3. £25,146.26 4. Total 4. £65,386.21 | ||
| e) | Date of the transaction | 13 April 2024 | ||
| f) | Place of the transaction | London Stock Exchange, XLON
| ||
17 April 2024
Leanne Cornish
Head of Group Secretariat
Legal & General Group Plc
Tel: 020 3124 4111
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