Last checked at 5 Apr 2024 12:30
M&G plc NEWS RELEASE5 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) |
| ||||||
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) |
| ||||||
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) |
| ||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| ||||||||||||
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)
|
| ||||||||||||
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.