RNS Number : 5783S
Legal & General Group Plc
14 June 2024
 

 

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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 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 PDMR below, on 14 May 2024. 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 within one month.

 

 

Name

Director/ PDMR

Number of shares awarded on 13 April 2021

Number of shares vested on
 13 April 2024 and subsequently released on 14 May 2024

 

Shares sold to cover tax at a price of £2.452

Remaining shares sold at a share price of £2.452

Shares retained
by individual

Michelle Scrimgeour

PDMR

10,156

10,156

 

4,774

0

5,382

 

 

 

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 10,156 shares.

2.   Sale of 4,774 shares to cover tax. The balance of 5,382 shares retained.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.   £0.00

1.   10,156

2.   £2.452

2.   4,774

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.   £2.452

2.   4,774

2. £11,705.848

e)

Date of the transaction

14 May 2024

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

 

14 June 2024

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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