RNS Number : 0042O
M&G PLC
10 May 2024
 

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

 

 


GB00BKFB1C65

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)

Item

Price (s)

Volume (s)

a.   

£2.025

1,456

b.   

£2.025

48,068

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

 

 


GB00BKFB1C65

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)

Item

Price (s)

Volume (s)

a.   

£2.025

2,156

b.   

£2.025

39,751

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

 

 


GB00BKFB1C65

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)

Item

Price (s)

Volume (s)

a.

£2.025

9,708

b.

£2.025

35,536

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

 

 


GB00BKFB1C65

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)

Item

Price (s)

Volume (s)

a.   

£2.025

2,854

b.   

£2.025

34,988

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

 

 


GB00BKFB1C65

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)

Item

Price (s)

Volume (s)

a.   

£2.025

15,767

b.   

£2.025

83,261

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

 

 


GB00BKFB1C65

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)

Item

Price (s)

Volume (s)

a.

£2.025

7,063

b.

£2.025

39,011

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

46,074


£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

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

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)

Item

Price (s)

Volume (s)

a.

£2.025

22,335

b.

£2.025

132,663

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

 

 


GB00BKFB1C65

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)

Item

Price (s)

Volume (s)

a.

£2.025

23,147

b.

£2.025

89,370

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

112,517


£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

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

 

 


GB00BKFB1C65

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)

Item

Price (s)

Volume (s)

a.

£2.025

28,743

b.

£2.025

142,233

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

170,976


£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 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

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)

Item

Price (s)

Volume (s)

a.

£2.025

13,896

b.

£2.025

23,821

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

37,717


£2.025

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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