Director/PDMR Shareholding

RNS Number : 5215V

M&G PLC

05 April 2023

 

M&G plc NEWS RELEASE
5 April 2023

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')

M&G plc (the 'Company') announces that on 3 April 2023, share Awards granted in April 2020 and, in the case of Recruitment Awards made to Mr. Grewal, April 2021, under the DIP and PSP to the below PDMRs vested. Of these, Awards under the PSP for Ms. Bousfield, Mr. Daniels and Mr. Porter are subject to a subsequent holding period of two years from vesting. All other Awards were released to the PDMRs, with sufficient shares sold to cover the PDMRs' tax liabilities and sales costs, with the balance of shares retained by the PDMRs.

In addition, a Recruitment Award granted under the DIP to Ms. Shield on 31 March 2023 vested immediately on 31 March 2023 and is now subject to a subsequent one year holding period.  

Summary table

The below table summarises the above transactions for each PDMR:

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 released under the PSP	Number of shares sold to cover tax liabilities and sales costs in relation to the PSP
Clare Bousfield	180,367	85,028		1,304,297	n/a - hold	n/a - hold
Jonathan Daniels	232,475	109,593		869,523	n/a - hold	n/a - hold
Peter Grewal	-	-		102,303	102,303	48,228
Matthew Howells	-	-		88,529	88,529	41,734
Alan Porter	107,125	50,501		830,002	n/a - hold	n/a - hold
Louise Shield	16,356	n/a - hold		-	-	-

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 and 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	Chief Executive Officer, 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.  Vesting and release of conditional awards under the DIP b.  Vesting of nil-cost options under the PSP, into a two year holding period
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 180,367 b. Nil 1,304,297
	Aggregated information -Aggregated volume -Price	1,484,664 Nil
	Date of the transaction	2023-04-03
	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 conditional awards under the DIP
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.9321 85,028
	Aggregated information -Aggregated volume -Price	85,028 £1.9321
	Date of the transaction	2023-04-03
	Place of the transaction	XLON

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, M&G plc & Managing Director, 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.  Vesting and release of conditional awards under the DIP b.  Vesting of nil-cost options under the PSP, into a two year holding period
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 232,475 b. Nil 869,523
	Aggregated information -Aggregated volume -Price	1,101,998 Nil
	Date of the transaction	2023-04-03
	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 conditional awards under the DIP
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.9321 109,593
	Aggregated information -Aggregated volume -Price	109,593 £1.9321
	Date of the transaction	2023-04-03
	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	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	a.  Vesting and exercise of nil-cost options under the PSP
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 102,303
	Aggregated information -Aggregated volume -Price	102,303 Nil
	Date of the transaction	2023-04-03
	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 exercise of nil-cost options under the PSP
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.9321 48,228
	Aggregated information -Aggregated volume -Price	48,228 £1.9321
	Date of the transaction	2023-04-03
	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	a.  Vesting and exercise of nil-cost options under the PSP
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 88,529
	Aggregated information -Aggregated volume -Price	88,529 Nil
	Date of the transaction	2023-04-03
	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 exercise of nil-cost options under the PSP
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.9321 41,734
	Aggregated information -Aggregated volume -Price	41,734 £1.9321
	Date of the transaction	2023-04-03
	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	a.  Vesting and release of conditional awards under the DIP b.  Vesting of nil-cost options under the PSP, into a two year holding period
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 107,125 b. Nil 830,002
	Aggregated information -Aggregated volume -Price	937,127 Nil
	Date of the transaction	2023-04-03
	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 conditional awards under the DIP
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.9321 50,501
	Aggregated information -Aggregated volume -Price	50,501 £1.9321
	Date of the transaction	2023-04-03
	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.  Vesting of nil-cost options under the PSP into a one year holding period
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 16,356
	Aggregated information -Aggregated volume -Price	16,356 Nil
	Date of the transaction	2023-03-31
	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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