M&G PLC has announced the granting of deferred bonus short-term incentive (STI) awards and nil-cost option Performance Share Plan (PSP) awards to Persons Discharging Managerial Responsibilities (PDMRs). The awards are part of the M&G Deferred Incentive Plan 2019 and the M&G Performance Share Plan 2019. The awards represent a deferred proportion of the PDMRs' annual STI and are granted as conditional awards over shares due to vest in March 2027. The awards have been made using the average market share price for the three days preceding the award date, which was £2.362.
The PDMRs who received the awards include Clive Bolton, Caroline Connellan, Louise Gelling, Charlotte Heiss, Matt Howells, Benoît Macé, Kathryn McLeland, Joseph Pinto, Andrea Rossi, and Louise Shield. The number of shares awarded as conditional awards under the DIP and as nil-cost options under the PSP varies for each PDMR, with the highest number of shares awarded being 369,986 to Andrea Rossi under the PSP.
Additionally, a nil-cost option share award granted to Louise Gelling on 1 April 2022 vested on 28 March 2024 but has not yet been released. The notification of these transactions has been made in accordance with the requirements of the Market Abuse Regulation.
For further details, interested parties can contact Christopher Smyth, Director of Secretariat, or Sharna Ludlow, Head of Share Plans and Share Registration at M&G PLC.