M&G plc has announced that nil-cost option awards have been granted to several Persons Discharging Managerial Responsibilities (PDMRs) under the M&G plc Performance Share Plan (PSP). The awards are subject to performance conditions over a three-year period, with an additional two-year holding period. The awards were granted using the average market share price for the five days preceding the award date, which was £1.9894. The PDMRs who received the awards include Charlotte Heiss, Group General Counsel and Company Secretary, Caroline Connellan, Chief Executive Officer of M&G Wealth, and Clive Bolton, Chief Executive Officer of M&G Life. The awards granted to Joseph Pinto, Chief Executive Officer of M&G Asset Management, were in respect of awards forfeited from his previous employment and will vest in 2024 and 2025. The grant price for these awards was aligned to the share price used for the awards granted under the PSP in March 2023, which was £1.853. The transactions were conducted outside a trading venue.