Director/PDMR Shareholding

M&G PLC
17 May 2024
 

M&G plc NEWS RELEASE
17 May 2024

M&G plc

Notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs)

M&G plc announces changes to the interests in M&G plc shares for certain PDMRs.

On 16 May 2024, further to M&G plc's interim dividend payment on 9 May 2024, dividend equivalent shares that had accrued on certain deferred incentive or long term incentive share plan awards were released to the PDMRs set out below. The PDMRs retained the balance of shares after deductions to cover tax liabilities and sale costs.

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

Release of dividend equivalent shares under the M&G Performance Share Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

9,144


Aggregated information

 

-Aggregated volume

 

-Price

 

 

9,144

 

Nil


Date of the transaction

2024-05-16


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

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)

Price (s)

Volume (s)

£2.069

4,311


Aggregated information

 

-Aggregated volume

 

-Price

 

 

4,311

 

£2.069


Date of the transaction

2024-05-16


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 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

Release of dividend equivalent shares under the M&G Performance Share Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

4,960


Aggregated information

 

-Aggregated volume

 

-Price

 

 

4,960

 

Nil


Date of the transaction

2024-05-16


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

Deduction 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)

Price (s)

Volume (s)

£2.069

2,332


Aggregated information

 

-Aggregated volume

 

-Price

 

 

2,332

 

£2.069


Date of the transaction

2024-05-16


Place of the transaction

Outside a trading venue

 

 

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

Release of dividend equivalent shares under the M&G Performance Share Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

9,760


Aggregated information

 

-Aggregated volume

 

-Price

 

 

9,760

 

Nil


Date of the transaction

2024-05-16


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

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)

Price (s)

Volume (s)

£2.069

4,602


Aggregated information

 

-Aggregated volume

 

-Price

 

 

4,602

 

£2.069


Date of the transaction

2024-05-16


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

Release of dividend equivalent shares under the M&G Deferred Incentive Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

2,155


Aggregated information

 

-Aggregated volume

 

-Price

 

 

2,155


Nil


Date of the transaction

2024-05-16


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

Sale of shares to cover applicable withholding tax and other deductions arising on release of dividend equivalent shares under the M&G Deferred Incentive Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

£2.069

1,026


Aggregated information

 

-Aggregated volume

 

-Price

 

 

1,026

 

£2.069


Date of the transaction

2024-05-16


Place of the transaction

XLON

 

 

LEI: 254900TWUJUQ44TQJY84

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

 

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