Director/PDMR Shareholding

M&G PLC
05 April 2024
 

M&G plc NEWS RELEASE
5 April 2024

M&G plc

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

Release of shares under the M&G plc Deferred Incentive Plan ('DIP') and the M&G plc Performance Share Plan ('PSP')

On 2 April 2024, Awards granted in respect of awards forfeited from previous employers ('Recruitment Awards)' to Clive Bolton, Joseph Pinto and Louise Shield in 2023 vested and were subsequently released to the PDMRs on 3 April 2024. The Awards that vested and were released under the PSP for Mr. Bolton and Ms. Shield were subject to performance conditions.  

On 2 April 2024 the holding period for a Recruitment Award granted to Ms. Shield in 2023 ended and the Award was released to her on 3 April 2024.

Additionally, on 3 April 2024, Louise Gelling's Recruitment Award that vested on 28 March 2024 was released to her.

For all Awards released to the PDMRs on 3 April 2024, sufficient shares were sold to cover the PDMRs' tax liabilities and sales costs, with the balance of shares retained by the PDMRs.

Summary

The below tables summarise the above transactions for each PDMR:

Awards released:

Name

Number of shares vested and released under the DIP

Number of shares sold to cover tax liabilities and sales costs in relation to the DIP

 

Number of shares vested under the PSP

Number of shares sold to cover tax liabilities and sales costs in relation to the PSP

Clive Bolton

n/a

n/a


140,278

66,130

Louise Gelling

n/a

n/a


76,104

35,877

Joseph Pinto

n/a

n/a


149,732

70,587

Louise Shield

33,081

15,596


24,246

11,430

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

 

Contact

Christopher Smyth, Director of Secretariat - 020 8162 0527

Sharna Ludlow, Head of Share Plans and Share Registration - 020 8162 0611

 


 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clive Bolton

2

Reason for the notification

a)

Position/status

Chief Executive Officer, M&G Life

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.    Vest of a nil-cost option award under the PSP

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

140,278



Aggregated information

 

-Aggregated volume

 

-Price

 

 

140,278

 

Nil


Date of the transaction

2024-04-02


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 arising on exercise of a nil-cost option award under the PSP to cover applicable withholding tax and other deductions

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£2.1280

66,130



Aggregated information

 

-Aggregated volume

 

-Price

 

 

66,130

 

£2.1280


Date of the transaction

2024-04-03


Place of the transaction

XLON

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Louise Gelling

2

Reason for the notification

a)

Position/status

Interim Group Chief Risk & 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.    Sale of shares arising on exercise of a nil-cost option award under the PSP to cover applicable withholding tax and other deductions

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£2.1280

35,877

 

 


Aggregated information

 

-Aggregated volume

 

-Price

 

 

35,877

 

£2.1280


Date of the transaction

2024-04-03


Place of the transaction

XLON


 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Joseph Pinto

2

Reason for the notification

a)

Position/status

Chief Executive, Asset Management

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.    Vest of a nil-cost option award under the PSP

b.    Vest of a nil-cost option award under the PSP

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

128,451

b.

Nil

21,281



Aggregated information

 

-Aggregated volume

 

-Price

 

 

149,732

 

Nil


Date of the transaction

2024-04-02


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 arising on exercise of a nil-cost option award under the PSP to cover applicable withholding tax and other deductions

b.    Sale of shares arising on exercise of a nil-cost option award under the PSP to cover applicable withholding tax and other deductions

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£2.1280

60,554

b.

£2.1280

10,033



Aggregated information

 

-Aggregated volume

 

-Price

 

 

70,587

 

£2.1280


Date of the transaction

2024-04-03


Place of the transaction

XLON

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Louise Shield

2

Reason for the notification

a)

Position/status

Corporate Affairs Director

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.    Vest of conditional award under the DIP

b.    End of holding period of a conditional award under the DIP

c.     Vest of a nil-cost option award under the PSP

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

16,195

b.

Nil

16,886

c.

Nil

24,246



Aggregated information

 

-Aggregated volume

 

-Price

 

 

57,327

 

Nil


Date of the transaction

2024-04-02


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 arising on release of a conditional award under the DIP to cover applicable withholding tax and other deductions

b.    Sale of shares arising on release of a conditional award under the DIP to cover applicable withholding tax and other deductions

c.     Sale of shares arising on exercise of a nil-cost option award under the PSP to cover applicable withholding tax and other deductions

c)

Price(s) and volume(s)

 

 

 

 

Item

Price (s)

Volume (s)

a.

£2.1280

7,635

b.

£2.1280

7,961

c.

£2.1280

11,430



Aggregated information

 

-Aggregated volume

 

-Price

 

 

27,026

 

£2.1280


Date of the transaction

2024-04-03


Place of the transaction

XLON

 

 

 

 

LEI: 254900TWUJUQ44TQJY84

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

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