REG - M&G PLC - Director/PDMR Shareholding
01/04/2025 15:15
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RNS Number : 1988D M&G PLC 01 April 2025
M&G plc NEWS RELEASE
1 April 2025
M&G plc
Notification of transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Vest of awards under the M&G plc Deferred Incentive Plan (DIP) and the
M&G plc Performance Share Plan (PSP)
Vest and release of shares
On 31 March 2025, recruitment awards granted in 2023 to Joseph Pinto and
Louise Shield vested and were subsequently released to them. One of the awards
that vested and was released to Ms. Shield was subject to performance
conditions.
For all awards released to the PDMRs on 31 March 2025, sufficient shares were
sold to cover the PDMRs' tax liabilities and sales costs, with the balance of
shares retained by the PDMRs.
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
Joseph Pinto n/a n/a 109,007 51,389
Louise Shield 32,886 15,504 50,129 23,632
Vest into a holding period
The following awards have vested and will be held gross of tax until the end
of their respective post-vest holding periods.
On 31 March 2025, a recruitment award granted to Ms. Shield in 2023 under the
DIP entered a one-year holding period ending on 31 March 2026.
On 1 April 2025, DIP awards granted to Mr. Howells and Mr. Pinto on 1 April
2025 vested and entered into a 6-month holding period; context for this is
included under the awards section below.
Additionally, on 1 April 2025, a nil-cost option PSP award granted to Matt
Howells in 2022 entered a two-year holding period ending on 1 April 2027. The
award that vested into a post-vest holding period for Mr. Howells was subject
to performance conditions.
Name Number of shares vested and entered into a holding period under the DIP Number of shares vested and entered into a holding period under the PSP
Matthew Howells 39,998 215,154
Joseph Pinto 59,023 n/a
Louise Shield 15,654 n/a
Grant of awards under the DIP
On 1 April 2025, 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 April 2028. The DIP
awards have been made using the average market share price for the three days
preceding the award date, of £2.025.
For the 2024 performance year, Mr. Howells and Mr. Pinto were each identified
as a Material Risk Taker under the Undertakings for Collective Investment in
Transferrable Securities Directive V and the Alternative Investment Fund
Managers Directive remuneration regulations. In order to meet these regulatory
requirements, a portion of their up-front STI annual award has been delivered
in M&G plc shares under the DIP with an immediate vest date and a
six-month holding period, as well as a six-month holding period applying
post-vesting to their DIP award due to vest in April 2028.
Grant of awards under the PSP
On 1 April 2025, the Company granted nil-cost option PSP awards to the PDMRs
set out below. 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 Shawn Gamble to which performance conditions do not apply), and
a subsequent two-year holding period. The PSP awards have been made using the
average market share price for the three days preceding the award date, of
£2.025.
Awards summary table
The below table summarises the above awards 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 94,437 370,370
Christopher Cochrane 37,043 314,814
Shawn Gamble 157,037 417,776
Charlotte Heiss 82,329 296,296
Matt Howells 106,661 365,925
Benoît Macé 92,338 348,148
Kathryn McLeland 228,147 670,000
Joseph Pinto 157,395 577,777
Andrea Rossi 382,558 1,123,456
Louise Shield 88,787 296,296
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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 94,437
b. £2.025 370,370
d) Aggregated information
-Aggregated volume 464,807
-Price £2.025
e) Date of the transaction 2025-04-01
f) Place of the transaction Outside a trading venue
d)
Aggregated information
-Aggregated volume
-Price
464,807
£2.025
e)
Date of the transaction
2025-04-01
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Christopher Cochrane
2 Reason for the notification
a) Position/status Chief Information Technology 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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 37,043
b. £2.025 314,814
d) Aggregated information
-Aggregated volume 351,857
-Price £2.025
e) Date of the transaction 2025-04-01
f) Place of the transaction Outside a trading venue
d)
Aggregated information
-Aggregated volume
-Price
351,857
£2.025
e)
Date of the transaction
2025-04-01
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Shawn Gamble
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction a. Award granted under the DIP due to vest in April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c. Award granted under the PSP due to vest in April 2028, subject to
the achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 157,037
b. £2.025 208,888
c. £2.025 208,888
d) Aggregated information
-Aggregated volume 574,813
-Price £2.025
e) Date of the transaction 2025-04-01
f) 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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 82,329
b. £2.025 296,296
d) Aggregated information
-Aggregated volume 378,625
-Price £2.025
e) Date of the transaction 2025-04-01
f) Place of the transaction Outside a trading venue
d)
Aggregated information
-Aggregated volume
-Price
574,813
£2.025
e)
Date of the transaction
2025-04-01
f)
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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c)
Price(s) and volume(s)
Item Price (s) Volume (s)
a. £2.025 82,329
b. £2.025 296,296
d)
Aggregated information
-Aggregated volume
-Price
378,625
£2.025
e)
Date of the transaction
2025-04-01
f)
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 due to vest immediately into a subsequent
six-month holding period until October 2025
b. Award granted under the DIP to vest in April 2028 with a subsequent
six-month holding period until October 2028
c. Award granted under the PSP due to vest in April 2028, subject to
the achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 39,998
b. £2.025 106,661
c. £2.025 365,925
d) Aggregated information
-Aggregated volume 512,584
-Price £2.025
e) Date of the transaction 2025-04-01
f) 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 conditional award under the DIP into six-month holding
period until October 2025
b. Vesting of nil-cost option award under the PSP into a two-year
holding period until April 2027
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 39,998
b. Nil 215,154
d) Aggregated information
-Aggregated volume 255,152
-Price Nil
e) Date of the transaction 2025-04-01
f) Place of the transaction Outside a trading venue
d)
Aggregated information
-Aggregated volume
-Price
512,584
£2.025
e)
Date of the transaction
2025-04-01
f)
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 conditional award under the DIP into six-month holding
period until October 2025
b. Vesting of nil-cost option award under the PSP into a two-year
holding period until April 2027
c)
Price(s) and volume(s)
Item Price (s) Volume (s)
a. Nil 39,998
b. Nil 215,154
d)
Aggregated information
-Aggregated volume
-Price
255,152
Nil
e)
Date of the transaction
2025-04-01
f)
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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 92,338
b. £2.025 348,148
d) Aggregated information
-Aggregated volume 440,486
-Price £2.025
e) Date of the transaction 2025-04-01
f) Place of the transaction Outside a trading venue
d)
Aggregated information
-Aggregated volume
-Price
440,486
£2.025
e)
Date of the transaction
2025-04-01
f)
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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 228,147
b. £2.025 670,000
Aggregated information
-Aggregated volume 898,147
-Price £2.025
Date of the transaction 2025-04-01
Place of the transaction Outside a trading venue
Aggregated information
-Aggregated volume
-Price
898,147
£2.025
Date of the transaction
2025-04-01
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. Vesting of a nil-cost option PSP award granted in March 2023
b. Vesting of a nil-cost option PSP award granted in October 2023
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 93,515
b. Nil 15,492
d) Aggregated information
-Aggregated volume 109,007
-Price Nil
e) Date of the transaction 2025-03-31
f) 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 to cover applicable withholding tax and other
deductions arising from the release of nil-cost options under the PSP
b. Sale of shares to cover applicable withholding tax and other
deductions arising from the release of nil-cost options under the PSP
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £1.9898 44,085
b. £1.9898 7,304
d) Aggregated information
-Aggregated volume 51,389
-Price £1.9898
e) Date of the transaction 2025-03-31
f) Place of the transaction XLON
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 due to vest immediately into a subsequent
six-month holding period until October 2025
b. Award granted under the DIP to vest in April 2028 with a subsequent
six-month holding period until October 2028
c. Award granted under the PSP due to vest in April 2028, subject to
the achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 59,023
b. £2.025 157,395
c. £2.025 577,777
d) Aggregated information
-Aggregated volume 794,195
-Price £2.025
e) Date of the transaction 2025-04-01
f) 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 Vesting of conditional award under the DIP into six-month holding period until
October 2025
c) Price(s) and volume(s) Price (s) Volume (s)
Nil 59,023
d) Aggregated information
-Aggregated volume 59,023
-Price Nil
e) Date of the transaction 2025-04-01
f) Place of the transaction Outside a trading venue
d)
Aggregated information
-Aggregated volume
-Price
109,007
Nil
e)
Date of the transaction
2025-03-31
f)
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 from the release of nil-cost options under the PSP
b. Sale of shares to cover applicable withholding tax and other
deductions arising from the release of nil-cost options under the PSP
c)
Price(s) and volume(s)
Item Price (s) Volume (s)
a. £1.9898 44,085
b. £1.9898 7,304
d)
Aggregated information
-Aggregated volume
-Price
51,389
£1.9898
e)
Date of the transaction
2025-03-31
f)
Place of the transaction
XLON
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 due to vest immediately into a subsequent
six-month holding period until October 2025
b. Award granted under the DIP to vest in April 2028 with a subsequent
six-month holding period until October 2028
c. Award granted under the PSP due to vest in April 2028, subject to
the achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c)
Price(s) and volume(s)
Item Price (s) Volume (s)
a. £2.025 59,023
b. £2.025 157,395
c. £2.025 577,777
d)
Aggregated information
-Aggregated volume
-Price
794,195
£2.025
e)
Date of the transaction
2025-04-01
f)
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
Vesting of conditional award under the DIP into six-month holding period until
October 2025
c)
Price(s) and volume(s)
Price (s) Volume (s)
Nil 59,023
d)
Aggregated information
-Aggregated volume
-Price
59,023
Nil
e)
Date of the transaction
2025-04-01
f)
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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 382,558
b. £2.025 1,123,456
d) Aggregated information
-Aggregated volume 1,506,014
-Price £2.025
e) Date of the transaction 2025-04-01
f) Place of the transaction Outside a trading venue
d)
Aggregated information
-Aggregated volume
-Price
1,506,014
£2.025
e)
Date of the transaction
2025-04-01
f)
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. Release of a DIP conditional award following the end of a post-vest
holding period
b. Vesting and release of conditional awards under the DIP
c. Release of a PSP nil-cost option award following the end of a
post-vest holding period
d. Vesting of a PSP nil-cost option award into a one-year holding period
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 17,075
b. Nil 15,811
c. Nil 50,129
d. Nil 15,654
d) Aggregated information
-Aggregated volume 98,669
-Price Nil
e) Date of the transaction 2025-03-31
f) 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 to cover applicable withholding tax and other
deductions arising from the release of conditional awards under the DIP
following the end of a post-vest holding period
b. Sale of shares to cover applicable withholding tax and other
deductions arising from the release of conditional awards under the DIP
c. Sale of shares to cover applicable withholding tax and other
deductions arising from the release of nil-cost options under the PSP
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £1.9898 8,050
b. £1.9898 7,454
c. £1.9898 23,632
d) Aggregated information
-Aggregated volume 39,136
-Price £1.9898
e) Date of the transaction 2025-03-31
f) Place of the transaction XLON
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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. £2.025 88,787
b. £2.025 296,296
d) Aggregated information
-Aggregated volume 385,083
-Price £2.025
e) Date of the transaction 2025-04-01
f) Place of the transaction Outside a trading venue
d)
Aggregated information
-Aggregated volume
-Price
98,669
Nil
e)
Date of the transaction
2025-03-31
f)
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 from the release of conditional awards under the DIP
following the end of a post-vest holding period
b. Sale of shares to cover applicable withholding tax and other
deductions arising from the release of conditional awards under the DIP
c. Sale of shares to cover applicable withholding tax and other
deductions arising from the release of nil-cost options under the PSP
c)
Price(s) and volume(s)
Item Price (s) Volume (s)
a. £1.9898 8,050
b. £1.9898 7,454
c. £1.9898 23,632
d)
Aggregated information
-Aggregated volume
-Price
39,136
£1.9898
e)
Date of the transaction
2025-03-31
f)
Place of the transaction
XLON
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 April 2028
b. Award granted under the PSP due to vest in April 2028, subject to the
achievement of performance conditions, with a subsequent two-year holding
period until April 2030
c)
Price(s) and volume(s)
Item Price (s) Volume (s)
a. £2.025 88,787
b. £2.025 296,296
d)
Aggregated information
-Aggregated volume
-Price
385,083
£2.025
e)
Date of the transaction
2025-04-01
f)
Place of the transaction
Outside a trading venue
LEI: 254900TWUJUQ44TQJY84
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