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26 Sep 2025 18:15
Legal & General Group Plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
In line with the announcement made on 21 March 2025, as part of the remuneration terms relating to the appointment of Katie Worgan as Group Chief Operating Officer, Legal & General Group Plc ("the Company") agreed to compensate her for incentive awards forfeited by her on leaving her former employer.
In accordance with such remuneration terms, on 21 March 2025, the Company granted Katie Worgan restricted share awards of a total of 97,540 ordinary shares of 2.5p each (the "Shares") in the Company under the Share Bonus Plan (the "Plan"). Further to the announcement made on 21 March 2025, and following the Plan, the first tranche of Katie's restricted share awards of 13,773 shares vested on 23 September 2025.
The awards were granted on the basis of an average closing share price on the London Stock Exchange between 2nd and 4th September 2024 of £2.238. No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.
This announcement, including the notifications below, is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Katie Worgan | |
2 | Reason for the notification | ||
a) | Position/status | Group Chief Operating 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 Award over 13,773 shares. 2. Sale of 6,474 shares to cover tax and dealing costs. The balance of 7,299 shares retained. | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
1. £0.00 2. £2.374 | 1. 13,773 2. 6,474 | ||
d) | Aggregated information - Aggregated volume - Price | Price Volume Total
1. £0.00 1. 13,773 1. £0.00
2. £2.374 2. 6,474 2. £15,369.276
| |
e) | Date of the transaction | 23 September 2025 | |
f) | Place of the transaction | London Stock Exchange, XLON | |
26 September 2025
Leanne Cornish
Group Head of Secretariat and Corporate Governance
Legal & General Group Plc
Tel: 020 3124 4111
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