Last checked at 5 Apr 2023 15:00
M&G plc NEWS RELEASE5 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) |
| |||||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| ||||||
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) |
| ||||||
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) |
| ||||||
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) |
| ||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| ||||||
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.