M&G plc has announced changes to the interests of certain Persons Discharging Managerial Responsibilities (PDMRs) following the payment of an interim dividend of 6.5 pence per share on November 3, 2023. The PDMRs acquired shares in the company through the reinvestment of these dividends as part of their participation in the M&G Share Incentive Plan. Additionally, dividend equivalent shares in the company accrued on awards made to PDMRs under the deferred incentive and long-term incentive share plans. These dividend equivalent shares are subject to the same terms as the original awards on which they accrued.
Clive Bolton, Chief Executive Officer of M&G Life, accrued 14,679 dividend equivalent shares in respect of awards under the M&G Performance Share Plan. Peter Grewal, Group Chief Risk and Compliance Officer, accrued 8,738 dividend equivalent shares in respect of awards under the M&G Deferred Incentive Plan and 28,149 dividend equivalent shares in respect of awards under the M&G Performance Share Plan. Charlotte Heiss, Group General Counsel & Company Secretary, acquired 7 shares through reinvested dividends under the M&G Share Incentive Plan. Matthew Howells, Chief People Officer, acquired 155 shares through reinvested dividends under the M&G Share Incentive Plan.
The transactions took place on November 3, 2023, outside a trading venue. The price per share for all transactions was £2.003, except for Charlotte Heiss' acquisition, which was £2.039. The aggregated volume and price for each transaction are as follows: Clive Bolton - 14,679 shares at £2.003; Peter Grewal - 36,887 shares at £2.003; Charlotte Heiss - 7 shares at £2.039; Matthew Howells - 155 shares at £2.039.