Legal & General Group Plc Director/PDMR Shareholding

RNS Number : 2028P

Legal & General Group Plc

06 December 2024

 

 

 

 

Legal & General Group Plc

 

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

As part of the remuneration terms relating to the appointment of Eric Adler as CEO, Asset Management, Legal & General Group plc ("the Company") agreed to compensate him for incentive awards forfeited by him on leaving his former employer. 

On 5 December 2024, the Company granted Eric Adler the following conditional awards of a total of 3,568,462 ordinary shares of 2.5p each (the "Shares") in the Company under the Share Bonus Plan (the "Plan"), which will normally vest (subject to those terms) as set out below:

a. a conditional award of 1,159,707 Shares with a vesting date of 6 April 2025;

b. a conditional award of 1,227,772 Shares with a vesting date of 6 April 2026; and

c. a conditional award of 1,180,983 Shares with a vesting date of 6 April 2027.

 The awards will vest subject to continued employment with the Company.  

The awards were granted on the basis of an average closing share price on the London Stock Exchange between 5th and 9th September 2024 of £2.259. No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.

  

SBP Awards (Conditional)

 

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Eric Adler
2	Reason for the notification
a)	Position/status	CEO, Asset 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	SBP conditional shares award for the PDMR listed in 1a above
c)	Price(s) and volume(s)	Price(s)	Volume
		1.   £2.2590 2.   £2.2590 3.   £2.2590	1.   1,159,707 2.   1,227,772 3.   1,180,983
d)	Aggregated information -      Aggregated volume -      Price	N/A (Single Transaction)
e)	Date of the transaction	05 December 2024
f)	Place of the transaction	London Stock Exchange, XLON

 

 

 

 

 

06 December 2024

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: [phone]

 

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