M&G PLC has announced changes to the interests in M&G PLC shares for certain Persons Discharging Managerial Responsibilities (PDMRs). On 16 May 2024, dividend equivalent shares that had accrued on certain deferred incentive or long term incentive share plan awards were released to the PDMRs. The PDMRs retained the balance of shares after deductions to cover tax liabilities and sale costs.
Clive Bolton, Chief Executive Officer of M&G Life, had 9,144 dividend equivalent shares released under the M&G Performance Share Plan. He also sold 4,311 shares to cover applicable withholding tax and other deductions, with a price of £2.069 per share. Louise Gelling, Interim Group Chief Risk and Compliance Officer, had 4,960 dividend equivalent shares released and 2,332 shares deducted for tax and other deductions at a price of £2.069 per share. Joseph Pinto, Chief Executive Officer of M&G Asset Management, had 9,760 dividend equivalent shares released.
These transactions were made in accordance with the requirements of the Market Abuse Regulation. The contact persons for further information are Christopher Smyth, Director of Secretariat, and Sharna Ludlow, Head of Share Plans and Share Registration.
This notification provides detailed information about the transactions, including the names of the PDMRs, the nature of the transactions, the volume and price of shares involved, and the dates and places of the transactions. The financial instrument involved in these transactions is the ordinary shares of 5 pence each with the identification code GB00BKFB1C65.
The transactions took place outside a trading venue, and the aggregated information for the transactions includes 9,144 shares released with a nil price, 4,311 shares sold at £2.069 per share, 4,960 shares released with a nil price, 2,332 shares deducted at £2.069 per share, and 9,760 shares released with a nil price.
This announcement provides transparency regarding the transactions by PDMRs within M&G PLC and ensures compliance with regulatory obligations.