REG - M&G PLC - Director/PDMR Shareholding
05/04/2024 12:30
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RNS Number : 5335J 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 Number of shares vested under the PSP Number of shares sold to cover tax liabilities and sales costs in relation to
the DIP 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 Ordinary shares of 5 pence each
Identification code
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 140,278
-Price 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 Ordinary shares of 5 pence each
Identification code
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 66,130
-Price £2.1280
Date of the transaction 2024-04-03
Place of the transaction XLON
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 Ordinary shares of 5 pence each
Identification code
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 35,877
-Price £2.1280
Date of the transaction 2024-04-03
Place of the transaction XLON
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 Ordinary shares of 5 pence each
Identification code
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 149,732
-Price 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 Ordinary shares of 5 pence each
Identification code
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 70,587
-Price £2.1280
Date of the transaction 2024-04-03
Place of the transaction XLON
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 Ordinary shares of 5 pence each
Identification code
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 57,327
-Price 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 Ordinary shares of 5 pence each
Identification code
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 27,026
-Price £2.1280
Date of the transaction 2024-04-03
Place of the transaction XLON
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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