M&G PLC

Director's Dealing • Apr 5, 2023

National Storage Mechanism | Additional information

RNS Number : 5215V

M&G PLC

05 April 2023

M&G plc NEWS RELEASE

5 April 2023

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')

M&G plc (the 'Company') announces that on 3 April 2023, share Awards granted in April 2020 and, in the case of Recruitment Awards made to Mr. Grewal, April 2021, under the DIP and PSP to the below PDMRs vested. Of these, Awards under the PSP for Ms. Bousfield, Mr. Daniels and Mr. Porter are subject to a subsequent holding period of two years from vesting. All other Awards were released to the PDMRs, with sufficient shares sold to cover the PDMRs' tax liabilities and sales costs, with the balance of shares retained by the PDMRs.

In addition, a Recruitment Award granted under the DIP to Ms. Shield on 31 March 2023 vested immediately on 31 March 2023 and is now subject to a subsequent one year holding period.  

Summary table

The below table summarises the above transactions for each PDMR:

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 released under the PSP	Number of shares sold to cover tax liabilities and sales costs in relation to the PSP
Clare Bousfield	180,367	85,028		1,304,297	n/a - hold	n/a - hold
Jonathan Daniels	232,475	109,593		869,523	n/a - hold	n/a - hold
Peter Grewal	-	-		102,303	102,303	48,228
Matthew Howells	-	-		88,529	88,529	41,734
Alan Porter	107,125	50,501		830,002	n/a - hold	n/a - hold
Louise Shield	16,356	n/a - hold		-	-	-

The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

Contact

Alan Porter, Group General Counsel and Company Secretary - 020 8162 4064

George Bayer, Deputy Company Secretary - PLC and Governance - 020 8162 2655

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clare Bousfield

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Retail & Savings

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.    Vesting and release of conditional awards under the DIP

b.    Vesting of nil-cost options under the PSP, into a two year holding period

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	180,367
b.	Nil	1,304,297

Aggregated information

-Aggregated volume

-Price

1,484,664

Nil

Date of the transaction

2023-04-03

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 on release of conditional awards under the DIP

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£1.9321	85,028

Aggregated information

-Aggregated volume

-Price

85,028

£1.9321

Date of the transaction

2023-04-03

Place of the transaction

XLON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Daniels

2

Reason for the notification

a)

Position/status

Chief Investment Officer, M&G plc & Managing Director, 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

a.    Vesting and release of conditional awards under the DIP

b.    Vesting of nil-cost options under the PSP, into a two year holding period

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	232,475
b.	Nil	869,523

Aggregated information

-Aggregated volume

-Price

1,101,998

Nil

Date of the transaction

2023-04-03

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 on release of conditional awards under the DIP

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£1.9321	109,593

Aggregated information

-Aggregated volume

-Price

109,593

£1.9321

Date of the transaction

2023-04-03

Place of the transaction

XLON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Grewal

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

Identification code

Ordinary shares of 5 pence each

GB00BKFB1C65

b) 

Nature of the transaction

a.    Vesting and exercise of nil-cost options under the PSP

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	102,303

Aggregated information

-Aggregated volume

-Price

102,303

Nil

Date of the transaction

2023-04-03

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 on exercise of nil-cost options under the PSP

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£1.9321	48,228

Aggregated information

-Aggregated volume

-Price

48,228

£1.9321

Date of the transaction

2023-04-03

Place of the transaction

XLON

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

a.    Vesting and exercise of nil-cost options under the PSP

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	88,529

Aggregated information

-Aggregated volume

-Price

88,529

Nil

Date of the transaction

2023-04-03

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 on exercise of nil-cost options under the PSP

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£1.9321	41,734

Aggregated information

-Aggregated volume

-Price

41,734

£1.9321

Date of the transaction

2023-04-03

Place of the transaction

XLON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Porter

2

Reason for the notification

a)

Position/status

Group General Counsel and 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.    Vesting and release of conditional awards under the DIP

b.    Vesting of nil-cost options under the PSP, into a two year holding period

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	107,125
b.	Nil	830,002

Aggregated information

-Aggregated volume

-Price

937,127

Nil

Date of the transaction

2023-04-03

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 on release of conditional awards under the DIP

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£1.9321	50,501

Aggregated information

-Aggregated volume

-Price

50,501

£1.9321

Date of the transaction

2023-04-03

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.    Vesting of nil-cost options under the PSP into a one year holding period

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	16,356

Aggregated information

-Aggregated volume

-Price

16,356

Nil

Date of the transaction

2023-03-31

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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