Director/PDMR Shareholding

M&G PLC

19 October 2023

 

M&G plc NEWS RELEASE
19 October 2023

M&G plc

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

M&G plc announces that on 19 October 2023, nil-cost option awards were granted to the below PDMRs under the M&G plc Performance Share Plan ('PSP').

The PSP awards granted to Charlotte Heiss and Caroline Connellan are subject to the achievement of performance conditions over a three-year period, with an additional subsequent two year holding period. The awards were made using the average market share price for the five days preceding the award date, being £1.9894.

The PSP awards granted to Clive Bolton vest in 2024, 2025 and 2026 in respect of awards forfeited from his previous employment, each being subject to the achievement of performance conditions over three-years. The awards were made using the average market share price for the five days preceding the award date, being £1.9894.

The PSP awards granted to Joseph Pinto vest in 2024 and 2025 in respect of awards forfeited from his previous employment. The grant price used for these awards was aligned to the share price used for the awards granted under the PSP in March 2023, being £1.853.

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

Contact

Sharna Ludlow, Senior Assistant Company Secretary - 020 8162 0611

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 Officer, M&G 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.    Nil-cost option award granted under the PSP to be exercisable from 02 April 2024 b.    Nil-cost option award granted under the PSP to be exercisable from 31 March 2025
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.853 20,613 b. £1.853 13,651
	Aggregated information -Aggregated volume -Price	34,264 £1.853
	Date of the transaction	2023-10-19
	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charlotte Heiss
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	a.    Nil-cost option award granted under the PSP to be exercisable from 19 October 2028
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.9894 282,748
	Aggregated information -Aggregated volume -Price	282,748 £1.9894
	Date of the transaction	2023-10-19
	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Caroline Connellan
2	Reason for the notification
a)	Position/status	Chief Executive Officer, M&G Wealth
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.    Nil-cost option award granted under the PSP to be exercisable from 19 October 2028
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.9894 292,302
	Aggregated information -Aggregated volume -Price	292,302 £1.9894
	Date of the transaction	2023-10-19
	Place of the transaction	Outside a trading venue

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.    Nil-cost option award granted under the PSP to be exercisable from 02 April 2024 b.    Nil-cost option award granted under the PSP to be exercisable from 01 April 2025 c.     Nil-cost option award granted under the PSP to be exercisable from 31 March 2026
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.9894 150,799 b. £1.9894 150,799 c. £1.9894 150,799
	Aggregated information -Aggregated volume -Price	452,397 £1.9894
	Date of the transaction	2023-10-19
	Place of the transaction	Outside a trading venue

LEI: 254900TWUJUQ44TQJY84

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

 

END