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
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
|
22,342
|
|
b.
|
£2.362
|
285,774
|
|
|
|
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
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
|
33,085
|
|
b.
|
£2.362
|
317,527
|
|
|
|
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
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
|
|
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
-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
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
|
101,228
|
|
b.
|
£2.362
|
313,717
|
|
|
|
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
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
|
86,544
|
|
b.
|
£2.362
|
264,182
|
|
|
|
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
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
|
220,723
|
|
b.
|
£2.362
|
574,407
|
|
|
|
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
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
|
156,789
|
|
b.
|
£2.362
|
495,342
|
|
|
|
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
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
|
369,986
|
|
b.
|
£2.362
|
963,166
|
|
|
|
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
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
|
39,462
|
|
b.
|
£2.362
|
254,022
|
|
|
|
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.