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 12 August 2020 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 2020 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2022. The number of options that vested were then subject to a two year holding period that ended on 12 August 2025 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 12 August 2020 |
Number of shares exercised on 12 August 2025 |
Shares sold to cover tax at a price of £2.60 |
Remaining shares sold at a price of £2.60 |
Shares retained by individual |
| Jeff Davies |
Director |
397,311 |
397,311 |
186,737 |
0 |
210,574 |
| Chris Knight |
PDMR |
120,673 |
120,673 |
56,717 |
0 |
63,956 |
| Geoffrey Timms |
PDMR |
146,533 |
146,533 |
68,871 |
0 |
77,662 |
| Emma Hardaker-Jones |
PDMR |
129,293 |
129,293 |
60,768 |
68,525 |
0 |
| 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. Exercise of PSP 2020 award of nil cost options over 397,311 shares. 2. Sale of 186,737 shares to cover tax and dealing costs ( 210,574 shares retained). |
||
| c)
|
Price(s) and volume(s)
|
Price(s) |
Volume |
|
| 1. £0.00 |
1. 397,311 |
|||
| 2. £2.60 |
2. 186,737 |
|||
| d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
| 1. £0.00 |
1. 397,311 |
1. £0.00 |
||
| |
|
|
||
| 2. Price |
2. Volume |
2. Total |
||
| 2. £2.60 |
2. 186,737 |
2. £485,516.20 |
||
| e) |
Date of the transaction |
12 August 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. Exercise of PSP 2020 award of nil cost options over 120,673 shares. 2. Sale of 56,717 shares to cover tax and dealing costs ( 63,956 shares retained). |
||
| c)
|
Price(s) and volume(s)
|
Price(s) |
Volume |
|
| 1. £0.00 |
1. 120,673 |
|||
| 2. £2.60 |
2. 56,717 |
|||
| d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
| 1. £0.00 |
1. 120,673 |
1. £0.00 |
||
| |
|
|
||
| 2. Price |
2. Volume |
2. Total |
||
| 2. £2.60 |
2. 56,717 |
2. £147,464.20 |
||
| e) |
Date of the transaction |
12 August 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. Exercise of PSP 2020 award of nil cost options over 146,533 shares. 2. Sale of 68,871 shares to cover tax and dealing costs ( 77,662 shares retained). |
||
| c)
|
Price(s) and volume(s)
|
Price(s) |
Volume |
|
| 1. £0.00 |
1. 146,533 |
|||
| 2. £2.60 |
2. 68,871 |
|||
| d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
| 1. £0.00 |
1. 146,533 |
1. £0.00 |
||
| |
|
|
||
| 2. Price |
2. Volume |
2. Total |
||
| 2. £2.60 |
2. 68,871 |
2. £179,064.60 |
||
| e) |
Date of the transaction |
12 August 2025 |
||
| f) |
Place of the transaction |
London Stock Exchange, XLON |
||
| 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. Exercise of PSP 2020 award of nil cost options over 129,293 shares. 2. Sale of 129,293 shares, of which 60,768 shares sold to cover tax and dealing costs (nil shares retained). |
||
| c)
|
Price(s) and volume(s)
|
Price(s) |
Volume |
|
| 1. £0.00 |
1. 129,293 |
|||
| 2. £2.60 |
2. 129,293 |
|||
| d) |
Aggregated information - Aggregated volume - Price |
1. Price |
1. Volume |
1. Total |
| 1. £0.00 |
1. 129,293 |
1. £0.00 |
||
| |
|
|
||
| 2. Price |
2. Volume |
2. Total |
||
| 2. £2.60 |
2. 129,293 |
2. £336,161.80 |
||
| e) |
Date of the transaction |
12 August 2025 |
||
| f) |
Place of the transaction |
London Stock Exchange, XLON |
||
14 August 2025
Leanne Cornish
Group Head of Secretariat and Corporate Governance
Legal & General Group Plc
Tel: 020 3124 4111
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