4th Apr 2024 16:15
M&G plc NEWS RELEASE4 April 2024
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
Vest of Awards under the M&G plc Deferred Incentive Plan ('DIP') and the M&G plc Performance Share Plan ('PSP')
On 31 March 2024, Recruitment Awards granted in March 2023 to Louise Shield vested subject to subsequent holding periods as set out below.
On 1 April 2024, an Award granted in April 2021 to Matthew Howells vested subject to a subsequent two-year holding period as set out below.
The PSP awards for Mr. Howells and Ms. Shield were all subject to performance conditions.
Summary:
Name | Number of shares vested and into holding period under the DIP | Holding period end |
| Number of shares vested and into holding period under the PSP | Holding period end |
Matthew Howells | n/a | n/a | 250,964 | 1 April 2026 | |
Louise Shield | 15,533 | 31 March 2025 | n/a | n/a | |
n/a | n/a | 50,129 | 31 March 2025 | ||
n/a | n/a | 50,129 | 31 March 2026 | ||
n/a | n/a | 25,882 | 31 March 2027 |
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 | 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. Vest of a nil-cost option award under the PSP into a two year holding period
| ||||||
c) | Price(s) and volume(s) |
| ||||||
Aggregated information
-Aggregated volume
-Price |
250,964
Nil | |||||||
Date of the transaction | 2024-04-01 | |||||||
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. Vest of a conditional award under the DIP into a one year holding period b. Vest of a nil-cost option award under the PSP into a one year holding period c. Vest of a nil-cost option award under the PSP into a two year holding period d. Vest of a nil-cost option award under the PSP into a three year holding period | |||||||||||||||
c) | Price(s) and volume(s) |
| |||||||||||||||
Aggregated information
-Aggregated volume
-Price |
141,673
Nil | ||||||||||||||||
Date of the transaction | 2024-03-31 | ||||||||||||||||
Place of the transaction | Outside a trading venue | ||||||||||||||||
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
Related Shares:
M&G