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 conditional and restricted shares awarded on 19 April 2022.
These shares vested on 19 April 2025 and were released under the terms of The Legal & General Group Share Bonus Plan ("SBP"), in respect of the Director and PDMRs below.
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.
| Name | Director/ PDMR | Number of SBP Conditional Shares vested on 19 April 2025 | Number of SBP Restricted Shares vested on | Shares sold to cover tax at a share price of £2.476 | Remaining shares sold at a share price of £2.476 | Shares retained |
| Emma Hardaker-Jones | PDMR | | 43,658 | 20,520 | 23,138 | - |
| Andrew Kail | PDMR | | 124,136 | 58,344 | 65,792 | - |
| Jeff Davies
| Director | 201,707 | - | 94,803 | - | 106,904 |
| Geoffrey Timms | PDMR | | 51,011 | 23,976 | - | 27,035 |
| Chris Knight | PDMR | | 56,985 | 26,783 | - | 30,202 |
| Laura Mason
| PDMR | | 128,676 | 60,478 | - | 68,198 |
SBP Awards (Restricted and Conditional)
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Emma Hardaker-Jones
| |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Transformation & People 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. Vesting of SBP (Restricted) Award over 43,658 shares. 2. Sale of 43,658 shares, of which 20,520 shares sold to cover tax (no shares retained). | |
| c)
| Price(s) and volume(s)
| Price(s) | Volume |
| 1. £0.00 | 1. 43,658 | ||
| 2. £2.476 | 2. 43,658 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction)
| |
| e) | Date of the transaction | 19 April 2025 | |
| f) | Place of the transaction | London Stock Exchange, XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Andrew Kail | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer, Institutional Retirement/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 (Restricted) Award over 124,136 shares. 2. Sale of 124,136 shares, of which 58,344 shares sold to cover tax (no shares retained). | |
| c)
| Price(s) and volume(s)
| Price(s) | Volume |
| 1. £0.00 | 1. 124,136 | ||
| 2. £2.476 | 2. 124,136 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction)
| |
| e) | Date of the transaction | 19 April 2025 | |
| f) | Place of the transaction | London Stock Exchange, XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Jeff Davies
| |
| 2 | Reason for the notification | ||
| a) | Position/status | Group Chief Financial Officer/Director | |
| 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 (Conditional) Award over 201,707 shares. 2. Sale of 94,803 shares to cover tax (the balance of 106,904 retained). | |
| c)
| Price(s) and volume(s)
| Price(s) | Volume |
| 1. £0.00 | 1. 201,707 | ||
| 2. £2.476 | 2. 94,803 | ||
| 94d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction)
| |
| e) | Date of the transaction | 19 April 2025 | |
| f) | Place of the transaction | London Stock Exchange, XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Geoffrey Timms | |
| 2 | Reason for the notification | ||
| a) | Position/status | Group General Counsel and Company Secretary/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 (Restricted) Award over 51,011 shares. 2. Sale of 23,976 shares to cover tax (the balance of 27,035 retained). | |
| c)
| | Price(s) | Volume |
| 1. £0.00 | 1. 51,011 | ||
| 2. £2.476 | 2. 23,976 | ||
| 94d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction)
| |
| e) | Date of the transaction | 19 April 2025 | |
| f) | Place of the transaction | London Stock Exchange, XLON | |
| 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. Vesting of SBP (Restricted) Award over 56,985 shares. 2. Sale of 26,783 shares to cover tax (the balance of 30,202 retained). | |
| c)
| | Price(s) | Volume |
| 1. £0.00 | 1. 56,985 | ||
| 2. £2.476 | 2. 26,783 | ||
| 94d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction)
| |
| e) | Date of the transaction | 19 April 2025 | |
| f) | Place of the transaction | London Stock Exchange, XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Laura Mason
| |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO, 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. Vesting of SBP (Restricted) Award over 128,676 shares. 2. Sale of 60,478 shares to cover tax (the balance of 68,198 retained). | |
| c)
| Price(s) and volume(s)
| Price(s) | Volume |
| 1. £0.00 | 1. 128,676 | ||
| 2. £2.476 | 2. 60,478 | ||
| 94d) | Aggregated information - Aggregated volume - Price | N/A (Single Transaction)
| |
| e) | Date of the transaction | 19 April 2025 | |
| f) | Place of the transaction | London Stock Exchange, XLON | |
24 April 2025
Leanne Cornish
Group Head of Secretariat and Corporate Governance
Legal & General Group Plc
Tel: 020 3124 4111
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