Director/PDMR Shareholding

M&G PLC
11 May 2023
 

M&G plc NEWS RELEASE
11 May 2023

M&G plc

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')

M&G plc announces the following transactions:

On 9 May 2023, certain PDMRs purchased partnership shares and were granted matching shares under the M&G UK Share Incentive Plan.

Further to the interim dividend payment on 27 April 2023, dividend equivalent shares that had been acquired by Mr. Peter Grewal in respect of shares already released on 3 April 2023, were released to him on 4 May 2023. Shares were sold to cover Mr. Grewal's tax liabilities and sale costs and he retained the balance of shares.

The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

Contact

Alan Porter, Group General Counsel and Company Secretary - 020 8162 4064

George Bayer, Deputy Company Secretary - PLC & Governance - 020 8162 2655

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clare Bousfield

2

Reason for the notification

a)

Position/status

CEO, Retail and Savings

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

M&G plc 

b)

LEI

254900TWUJUQ44TQJY84

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 5 pence each

 

 


GB00BKFB1C65

b)

Nature of the transaction

i.    Purchase of partnership shares under the Share Incentive Plan

ii.   Award of matching shares under the Share Incentive Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

i.    £2.0175

74

ii.   £2.0205

37

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

111

 

£2.0185

e)

Date of the transaction

2023-05-09

f)

Place of the transaction

XLON 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Grewal

2

Reason for the notification

a)

Position/status

Chief Risk and Compliance Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

M&G plc 

b)

LEI

254900TWUJUQ44TQJY84

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 5 pence each

 

 


GB00BKFB1C65

 b) 

Nature of the transaction

a.         Vesting of Dividend Equivalent Shares under the M&G Performance Share Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

6,813


Aggregated information

 

-Aggregated volume

 

-Price

 

 

6,813

 

Nil


Date of the transaction

2023-05-04


Place of the transaction

Outside a trading venue

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 5 pence each

 

 


GB00BKFB1C65

 b) 

Nature of the transaction

a.         Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the M&G Performance Share Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£2.0131

3,212


Aggregated information

 

-Aggregated volume

 

-Price

 

 

3,212

 

£2.0131


Date of the transaction

2023-05-04


Place of the transaction

XLON

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Matthew Howells

2

Reason for the notification

a)

Position/status

Chief People Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

M&G plc 

b)

LEI

254900TWUJUQ44TQJY84

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 5 pence each

 

 


GB00BKFB1C65

b)

Nature of the transaction

i.    Purchase of partnership shares under the Share Incentive Plan

ii.   Award of matching shares under the Share Incentive Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

i.    £2.0175

74

ii.   £2.0205

37

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

111

 

£2.0185

e)

Date of the transaction

2023-05-09

f)

Place of the transaction

XLON 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Porter

2

Reason for the notification

a)

Position/status

Group General Counsel and Company Secretary

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

M&G plc 

b)

LEI

254900TWUJUQ44TQJY84

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 5 pence each

 

 


GB00BKFB1C65

b)

Nature of the transaction

i.    Purchase of partnership shares under the Share Incentive Plan

ii.   Award of matching shares under the Share Incentive Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

i.    £2.0175

74

ii.   £2.0205

37

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

111

 

£2.0185

e)

Date of the transaction

2023-05-09

f)

Place of the transaction

XLON 

 

 

LEI: 254900TWUJUQ44TQJY84

Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.

 

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