Director/PDMR Shareholding

RNS Number : 0149H

M&G PLC

01 April 2022

 

M&G plc NEWS RELEASE
01 April 2022

M&G plc

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

Awards under the M&G Deferred Incentive Plan 2019 (the 'Deferred Incentive Plan')

On 1 April 2022, the Company made deferred bonus short-term incentives ('STIs') to PDMRs under the Deferred Incentive Plan. Awards representing a proportion of the PDMRs' annual STIs have been deferred into conditional awards over shares which are due to vest in April 2025. The awards have been made using the average market share price for the three days preceding the award date, of £2.231.

Awards under the M&G Performance Share Plan 2019 (the 'Performance Share Plan')

On 1 April 2022, the Company granted nil-cost options to the PDMRs set out below, under the Performance Share Plan. The options granted in 2022 are subject to the achievement of performance conditions over a three-year period (with the exception of Mr Grewal, for whom performance conditions do not apply), plus a subsequent holding period of two years, and have been made using the average market share price for the three days preceding the award date, of £2.231.

Release of shares under the Performance Share Plan for Peter Grewal

M&G plc (the 'Company') announces that on 31 March 2022, shares were released to Peter Grewal under the Performance Share Plan granted on 1 April 2021. Having already met the shareholding guidelines prescribed by the Company, Mr Grewal elected to sell all the shares released to him.

Summary table

The below table summarises the above transactions for each PDMR:

Name	Number of shares released and sold under the Performance Share Plan	Number of shares awarded under the Deferred Incentive Plan	Number of nil-cost options granted under the Performance Share Plan
Clare Bousfield	N/A	185,316	605,109
Jonathan Daniels	N/A	201,523	403,406
John Foley	N/A	385,186	1,131,107
Peter Grewal	82,468	69,332	218,142
Matt Howells	N/A	60,026	277,005
David Macmillan	N/A	85,719	333,845
Alan Porter	N/A	94,755	368,987
Catherine Ross	N/A	32,496	N/A

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

Contact

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

Penny Woodcock, Deputy Company Secretary - PLC & Governance - 020 8162 3112

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clare Bousfield
2	Reason for the notification
a)	Position/status	Managing Director, Retail & 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	a.  Award granted under the Deferred Incentive Plan to be released in April 2025 b.  Award granted under the Performance Share Plan due to vest in April 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.231 185,316 b. £2.231 605,109
	Aggregated information -Aggregated volume -Price	790,425 £2.231
	Date of the transaction	2022-04-01
	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Daniels
2	Reason for the notification
a)	Position/status	Chief Investment 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.  Award granted under the Deferred Incentive Plan to be released in April 2025 b.  Award granted under the Performance Share Plan due to vest in April 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.231 201,523 b. £2.231 403,406
	Aggregated information -Aggregated volume -Price	604,929 £2.231
	Date of the transaction	2022-04-01
	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Foley
2	Reason for the notification
a)	Position/status	Chief Executive 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.  Award granted under the Deferred Incentive Plan to be released in April 2025 b.  Award granted under the Performance Share Plan due to vest in April 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.231 385,186 b. £2.231 1,131,107
	Aggregated information -Aggregated volume -Price	1,516,293 £2.231
	Date of the transaction	2022-04-01
	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Grewal
2	Reason for the notification
a)	Position/status	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.  Award granted under the Deferred Incentive Plan to be released in April 2025 b.  Award granted under the Performance Share Plan due to vest in April 2025
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.231 69,332 b. £2.231 218,142
	Aggregated information -Aggregated volume -Price	287,474 £2.231
	Date of the transaction	2022-04-01
	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.  Release and sale of nil-cost conditional awards under the Performance Share Plan b.  Release and sale of nil-cost conditional awards under the Performance Share Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.24 43,613 b. £2.24 38,855
	Aggregated information -Aggregated volume -Price	82,468 £2.24
	Date of the transaction	2022-03-31
	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matt Howells
2	Reason for the notification
a)	Position/status	Chief People & Corporate Affairs 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.  Award granted under the Deferred Incentive Plan to be released in April 2025 b.  Award granted under the Performance Share Plan due to vest in April 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.231 60,026 b. £2.231 277,005
	Aggregated information -Aggregated volume -Price	337,031 £2.231
	Date of the transaction	2022-04-01
	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Macmillan
2	Reason for the notification
a)	Position/status	Chief Customer & Innovation 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	c.  Award granted under the Deferred Incentive Plan to be released in April 2025 d.  Award granted under the Performance Share Plan due to vest in April 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.231 85,719 b. £2.231 333,845
	Aggregated information -Aggregated volume -Price	419,564 £2.231
	Date of the transaction	2022-04-01
	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Porter
2	Reason for the notification
a)	Position/status	General Counsel & 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	a.  Award granted under the Deferred Incentive Plan to be released in April 2025 b.  Award granted under the Performance Share Plan due to vest in April 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.231 94,755 b. £2.231 368,987
	Aggregated information -Aggregated volume -Price	463,742 £2.231
	Date of the transaction	2022-04-01
	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Catherine Ross
2	Reason for the notification
a)	Position/status	Head Private Credit
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.  Award granted under the Deferred Incentive Plan to be released in April 2025
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.231 32,496
	Aggregated information -Aggregated volume -Price	32,496 £2.231
	Date of the transaction	2022-04-01
	Place of the transaction	Outside a trading venue

LEI: 254900TWUJUQ44TQJY84

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

 

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