Last checked at 17 May 2024 13:00
M&G plc NEWS RELEASE17 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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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.