M&G PLC released a notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs) on 5 April 2024. The release of shares under the M&G plc Deferred Incentive Plan (DIP) and the M&G plc Performance Share Plan (PSP) was detailed. Awards granted in respect of awards forfeited from previous employers to Clive Bolton, Joseph Pinto, and Louise Shield in 2023 vested and were subsequently released to the PDMRs on 3 April 2024. The Awards that vested and were released under the PSP for Mr. Bolton and Ms. Shield were subject to performance conditions.
On 2 April 2024, the holding period for a Recruitment Award granted to Ms. Shield in 2023 ended, and the Award was released to her on 3 April 2024. Additionally, on 3 April 2024, Louise Gelling's Recruitment Award that vested on 28 March 2024 was released to her. For all Awards released to the PDMRs on 3 April 2024, sufficient shares were sold to cover the PDMRs' tax liabilities and sales costs, with the balance of shares retained by the PDMRs.
The tables provided in the notification summarize the transactions for each PDMR, including the number of shares vested and released under the DIP, the number of shares sold to cover tax liabilities and sales costs in relation to the DIP, the number of shares vested under the PSP, and the number of shares sold to cover tax liabilities and sales costs in relation to the PSP.
The notification also includes details of the financial instruments, nature of the transactions, prices, volumes, dates, and places where the transactions have been conducted for each PDMR. The notification has been made in accordance with the requirements of the Market Abuse Regulation.
For further details, the contact persons provided are Christopher Smyth, Director of Secretariat, and Sharna Ludlow, Head of Share Plans and Share Registration.