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RNS Number : 7385I M&G PLC 28 March 2024
M&G plc NEWS RELEASE
28 March 2024
M&G plc
Notification of transactions by Persons Discharging Managerial
Responsibilities ('PDMRs')
Awards under the M&G Deferred Incentive Plan 2019 ('DIP')
On 28 March 2024, the Company granted deferred bonus short-term incentive
('STI') awards to the PDMRs set out below, under the DIP. The DIP awards
granted represent a deferred proportion of the PDMRs' annual STI, granted as
conditional awards over shares which are due to vest in March 2027. The DIP
awards have been made using the average market share price for the three days
preceding the award date, of £2.362.
Awards under the M&G Performance Share Plan 2019 (the 'PSP')
On 28 March 2024, the Company granted nil-cost option PSP awards to the PDMRs
set out below, under the PSP. The PSP awards granted are subject to the
achievement of performance conditions over a three-year period (with the
exception of the award made to Louise Gelling to which performance conditions
do not apply). A subsequent two year holding period applies to the PSP awards
with the exception of the award made to Ms. Gelling. The PSP awards have been
made using the average market share price for the three days preceding the
award date, of £2.362.
Awards summary table
The below table summarises the above transactions for each PDMR:
Name Number of shares awarded as conditional awards under the DIP Number of shares awarded as nil-cost options under the PSP
Clive Bolton 22,342 285,774
Caroline Connellan 33,085 317,527
Louise Gelling 43,558 110,956
Charlotte Heiss 43,790 254,022
Matt Howells 101,228 313,717
Benoît Macé 86,544 264,182
Kathryn McLeland 220,723 574,407
Joseph Pinto 156,789 495,342
Andrea Rossi 369,986 963,166
Louise Shield 39,462 254,022
Vest of award under the PSP for Louise Gelling
On 28 March 2024, a nil-cost option share award granted on 1 April 2022 to Ms.
Gelling vested but has not yet been released.
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 22,342
b. £2.362 285,774
Aggregated information
-Aggregated volume 308,116
-Price £2.362
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
308,116
£2.362
Date of the transaction
2024-03-28
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Caroline Connellan
2 Reason for the notification
a) Position/status Chief Executive, M&G Wealth
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 33,085
b. £2.362 317,527
Aggregated information
-Aggregated volume 350,612
-Price £2.362
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
350,612
£2.362
Date of the transaction
2024-03-28
Place of the transaction
Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 43,558
b. £2.362 110,956
Aggregated information
-Aggregated volume 154,514
-Price £2.362
Date of the transaction 2024-03-28
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Vesting of nil-cost options under the PSP
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 76,104
Aggregated information
-Aggregated volume 76,104
-Price Nil
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Charlotte Heiss
2 Reason for the notification
a) Position/status Group General Counsel & 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 43,790
b. £2.362 254,022
Aggregated information
-Aggregated volume 297,812
-Price £2.362
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
154,514
£2.362
Date of the transaction
2024-03-28
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. Vesting of nil-cost options under the PSP
c)
Price(s) and volume(s)
Item Price (s) Volume (s)
a. Nil 76,104
Aggregated information
-Aggregated volume
-Price
76,104
Nil
Date of the transaction
2024-03-28
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely
associated
a)
Name
Charlotte Heiss
2
Reason for the notification
a)
Position/status
Group General Counsel & 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. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c)
Price(s) and volume(s)
Item Price (s) Volume (s)
a. £2.362 43,790
b. £2.362 254,022
Aggregated information
-Aggregated volume
-Price
297,812
£2.362
Date of the transaction
2024-03-28
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Matt 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 101,228
b. £2.362 313,717
Aggregated information
-Aggregated volume 414,945
-Price £2.362
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
414,945
£2.362
Date of the transaction
2024-03-28
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Benoît Macé
2 Reason for the notification
a) Position/status Chief Strategy and Transformation 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 86,544
b. £2.362 264,182
Aggregated information
-Aggregated volume 350,726
-Price £2.362
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
350,726
£2.362
Date of the transaction
2024-03-28
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Kathryn McLeland
2 Reason for the notification
a) Position/status Chief Financial 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 220,723
b. £2.362 574,407
Aggregated information
-Aggregated volume 795,130
-Price £2.362
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
795,130
£2.362
Date of the transaction
2024-03-28
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, 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 156,789
b. £2.362 495,342
Aggregated information
-Aggregated volume 652,131
-Price £2.362
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
652,131
£2.362
Date of the transaction
2024-03-28
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrea Rossi
2 Reason for the notification
a) Position/status Chief Executive 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 369,986
b. £2.362 963,166
Aggregated information
-Aggregated volume 1,333,152
-Price £2.362
Date of the transaction 20243-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
1,333,152
£2.362
Date of the transaction
20243-03-28
Place of the transaction
Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP to vest and be released in March 2027
b. Award granted under the PSP due to vest in March 2027, subject to the
achievement of performance conditions, with a subsequent two year holding
period until 2029
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.362 39,462
b. £2.362 254,022
Aggregated information
-Aggregated volume 293,484
-Price £2.362
Date of the transaction 2024-03-28
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
293,484
£2.362
Date of the transaction
2024-03-28
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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