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 and 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 2018 and 2019 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2021 and 2022 respectively. The options vested in tranches and became exercisable in 2025. Options that vested had to be exercised by the seventh anniversary of the date of grant on 3 April 2025.
The Company was notified of the exercise on 4 April 2025.
| Name | Director/ PDMR | Number of shares awarded on 16 April 2018 | Number of shares awarded on 16 April 2019 | Number of shares exercised on 3 April 2025 | Shares sold to cover tax at a price of £2.373 | Remaining shares sold at a share price of £2.373 |
Shares retained by individual
|
| Chris Knight | PDMR |
35,743 | - |
35,743 | 16,800 | 18,943 |
0 |
| Chris Knight | PDMR | - |
142,272 |
142,272 | 66,868 | 75,404 |
0 |
| 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. Exercise of PSP 2018 award of nil cost options over 35,743 shares. 2. Exercise of PSP 2019 award of nil cost options over 142,272. 3. Sale of 35,743 shares, of which 16,800 shares were sold to cover tax and dealing costs (no shares retained). 4. Sale of 142,272 shares, of which 66,868 shares were sold to cover tax and dealing costs (no shares retained). | |
| c)
| Price(s) and volume(s)
| Price(s) | Volume(s) |
| 1. £0.00 | 1. 35,743 | ||
| 2. £0.00 | 2. 142,272 | ||
| 3. £2.373 | 3. 35,743 | ||
| 4. £2.373 | 4. 142,272 | ||
| d) | Aggregated information - Aggregated volume - Price | Price Volume Total 1. £0.00 1. 35,743 1. £0.00 2. £0.00 2. 142,272 2. £0.00 3. £2.373 3. 35,743 3. £84,818.14 4. £2.373 4. 142,272 4. £337,611.46 | |
| e) | Date of the transaction | 3 April 2025 | |
| f) | Place of the transaction | London Stock Exchange, XLON | |
7 April 2025
Leanne Cornish
Group Head of Secretariat and Corporate Governance
Legal & General Group Plc
Tel: 020 3124 4111
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