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RNS Number : 7084Z  Legal & General Group Plc  08 April 2026

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 6 December 2024, as part of the
remuneration terms relating to the appointment of Eric Adler as CEO, Asset
Management, Legal & General Group plc ("the Company"), the Company agreed
to compensate him for incentive awards forfeited by him on leaving his former
employer.

In accordance with such remuneration terms, on 5 December 2024, the Company
granted Eric Adler certain conditional awards of a total of 3,568,462
ordinary shares of 2.5p each in the Company under the Share Bonus Plan (the
'Plan'). Further to the announcement made on 6 December 2024, and following
the Plan, the second tranche of Eric's conditional awards of 1,227,772 shares
vested on 6 April 2026. In line with best practice, the terms of the award
entitle Eric to dividend equivalent payments to the extent that the award
vests, which will be delivered in the form of additional shares and are
included within the number of shares below.

The awards were granted on the basis of an average closing share price on the
London Stock Exchange between 5 and 9 September 2024 of £2.259. 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                                                         Eric Adler
 2   Reason for the notification
 a)  Position/status                                              CEO, Asset 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  Ordinary shares of £0.025 each, with voting rights attached

     Identification code                                          GB0005603997
 b)  Nature of transaction                                        1.   Vesting of SBP Award over 1,334,928 shares.

                                                                  2.   Sale of 629,115 shares to cover tax and social security. The balance
                                                                  of 705,813 shares retained.
 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)
                                                                  1.   £0.00                                1.   1,334,928

                                                                  2.   £2.547                               2.   629,115
 d)  Aggregated information                                       Price                 Volume             Total

     -      Aggregated volume

     -      Price                                                 1.   £0.00          1.   1,334,928    1.   £0.00

                                                                  2.   £2.547        2.   629,115       2.   £1,602,369.12

 e)  Date of the transaction                                      7 April 2026
 f)  Place of the transaction                                     London Stock Exchange, XLON

 

 

 

 8 April 2026

 

Leanne Cornish

Deputy Group Company Secretary

Legal & General Group Plc

 

Tel: 020 3124 4111

 

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