M&G PLC Director/PDMR Shareholding
05 Avril 2024 - 1:30PM
RNS Regulatory News
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 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)
|
|
Item
|
Price (s)
|
Volume (s)
|
|
a.
|
Nil
|
140,278
|
|
|
|
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
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
|
35,877
|
|
|
|
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)
|
|
Item
|
Price (s)
|
Volume (s)
|
|
a.
|
Nil
|
128,451
|
|
b.
|
Nil
|
21,281
|
|
|
|
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
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)
|
|
Item
|
Price (s)
|
Volume (s)
|
|
a.
|
Nil
|
16,195
|
|
b.
|
Nil
|
16,886
|
|
c.
|
Nil
|
24,246
|
|
|
|
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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DSHSSWFFIELSESL
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