RNS Number : 7962O
Legal & General Group Plc
16 May 2024
 

 

 



Legal & General Group Plc                 

 

 

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

 

The following notification made under article 19 of the UK Market Abuse Regulation ("UK MAR") relates to the exercise of awards granted on 18 April 2017 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 2017 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2019. The options vested in tranches and became exercisable in 2021 and 2022. Options that vested had to be exercised by the seventh anniversary of the date of grant on 18 April 2024.

The Company was notified of the exercise on 15 May 2024.

Name

Director/ PDMR

Number of shares awarded on 18 April 2017

Number of shares exercised on 18 April 2024

Shares sold to cover tax at a price of £2.450

Shares retained by individual

Chris Knight

PDMR

 

3,398

 

(Tranche 2)

 

3,398

 

(Tranche 2)

1,598

1,800

Chris Knight

PDMR

 

46,458

 

(Tranche 3)

 

46,458

 

(Tranche 3)

21,836

24,622

 

 

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 2017 award of nil cost options over 3,398 shares (Tranche 2).

2.   Exercise of PSP 2017 award of nil cost options over 46,458 shares (Tranche 3).

3.   Sale of PSP 2017 1,598 shares to cover tax and dealing costs (1,800 shares retained).

4.   Sale of PSP 2017 21,836 shares to cover tax and dealing costs (24,622 shares retained).

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.   £0.00

1.   3,398

2.   £0.00

2.   46,458

3.   £2.450

3.   1,598

4.   £2.450

4.   21,836

d)

Aggregated information

-      Aggregated volume

-      Price

Price

Volume

Total

1.   £0.00

2.   £0.00

3.   £2.450

4.   £2.450

1.    3,398

2.    46,458

3.    1,598

4.     21,836

1.   £0.00

2.   £0.00

3.   £3,915.10

4.   £53,498.20

e)

Date of the transaction

18 April 2024

f)

Place of the transaction

London Stock Exchange, XLON

 

 

16 May 2024

 

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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