M&G plc NEWS RELEASE
10 May 2024
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
M&G plc (the 'Company') announces changes to the interests of certain PDMRs following the payment of an interim dividend of 13.2 pence per share on 9 May 2024.
Certain PDMRs accrued dividend equivalent shares in the Company on awards held by them under the deferred incentive and long term incentive share plans. These dividend equivalent shares are subject to the same terms (including the vesting date, and where applicable, performance conditions and holding period) as the original award on which they accrued.
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
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
49,524
£2.025 | |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| f) | 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
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan
| |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
41,907
£2.025 | |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| f) | 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
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
45,244
£2.025 | |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| 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
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan
| |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
37,842
£2.025 | |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| f) | Place of the transaction | Outside a trading venue | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a) | Name | Matthew 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
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan
| |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
99,028
£2.025 | |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| 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
Identification code | Ordinary shares of 5 pence each
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
46,074
| |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| 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
Identification code | Ordinary shares of 5 pence each
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
154,998
£2.025 | |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| f) | 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 Officer, M&G 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
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
112,517
| |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| 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 | Group 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
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
170,976
| |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| 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
Identification code | Ordinary shares of 5 pence each
| |||||||||
| b) | Nature of the transaction | Accrual of dividend equivalent shares in respect of awards under the following plans: a. M&G Deferred Incentive Plan b. M&G Performance Share Plan | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information
-Aggregated volume
-Price |
37,717
| |||||||||
| e) | Date of the transaction | 2024-05-09 | |||||||||
| f) | 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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