Legal & General Group Plc Director/PDMR Shareholding

RNS Number : 2245O

Legal & General Group Plc

13 May 2024

 

 

 

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 2019 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 2019 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2021. The number of options that vested were then subject to a two year holding period that ended on 16 April 2024 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 16 April 2019	Number of shares exercised on 16 April 2024	Shares sold to cover tax at a price of £2.489	Shares retained by individual
Bernard Hickman	PDMR	182,923	182,923	85,974	96,949

 

 

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.   Exercise of PSP 2019 award of nil cost options over 182,923 shares. 2.   Sale of 85,974 shares to cover tax and dealing costs (96,949 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.   £0.00	1.   182,923
		2.   £2.489	2.   85,974
d)	Aggregated information -      Aggregated volume -      Price	1.   Price	1.   Volume	1.   Total
		1.   £0.00	1.   182,923	1.   £0.00
		2.   Price	2.   Volume	2.   Total
		2.   £2.489	2.   85,974	2.   £213,989.29
e)	Date of the transaction	09 May 2024
f)	Place of the transaction	London Stock Exchange, XLON

 

 

13 May 2024

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: [phone]

 

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