M&G PLC

Director's Dealing • Mar 28, 2024

National Storage Mechanism | Additional information

RNS Number : 7385I

M&G PLC

28 March 2024

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.

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