RNS Number : 3882J
M&G PLC
04 April 2024
 

M&G plc NEWS RELEASE
4 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)

Item

Price (s)

Volume (s)

a.

Nil

250,964


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)

Item

Price (s)

Volume (s)

a.

Nil

15,533

b.

Nil

50,129

c.

Nil

50,129

d.

Nil

25,882


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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSSSFILELSESL
M&g (LSE:MNG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more M&g Charts.
M&g (LSE:MNG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more M&g Charts.