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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