M&G plc NEWS RELEASE
3 April 2025
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Vest and release of shares under the M&G plc Deferred Incentive Plan (DIP) and the M&G plc Performance Share Plan (PSP)
On 1 April 2025, a PSP recruitment award that was granted in October 2023 to Clive Bolton vested and was subsequently released to Mr. Bolton. The award was subject to performance conditions.
Additionally, on 1 April 2025, awards granted in April 2022 under the DIP and PSP to Christopher Cochrane, and an award under the DIP to Matthew Howells, vested and were released to them.
For all awards released to the PDMRs on 1 April 2025, sufficient shares were sold to cover the PDMRs' tax liabilities and sales costs, with the balance of shares retained by the PDMRs. This is summarised in the following table:
| Name |
Number of shares vested and released under the DIP |
Number of shares sold to cover tax liabilities and sales costs in relation to the DIP |
Number of shares vested under the PSP |
Number of shares sold to cover tax liabilities and sales costs in relation to the PSP |
|
| Clive Bolton |
n/a |
n/a |
106,116 |
50,025 |
|
| Christopher Cochrane |
33,010 |
15,562 |
101,073 |
47,648 |
|
| Matthew Howells |
75,197 |
35,449 |
n/a |
n/a |
Grant of awards under the DIP and PSP
On 3 April 2025, Shawn Gamble was granted conditional awards under the DIP, and nil-cost option awards under the PSP, in respect of awards forfeited from her previous employer. Specific vesting and holding periods apply in order to align to the terms of the awards forfeited. These DIP and PSP awards have been made using the average market share price for the five days preceding Ms. Gamble's hire date of £1.9462.
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
Contact
Christopher Smyth, Director of Secretariat - 020 8162 0527
Sharna Ludlow, Head of Share Plans and Share Registration - 020 8162 0611
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Clive Bolton |
||||
| 2 |
Reason for the notification |
|||||
| a) |
Position/status |
Chief Executive Officer, M&G Life |
||||
| b) |
Initial notification/Amendment |
Initial notification |
||||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
M&G plc |
||||
| b) |
LEI |
254900TWUJUQ44TQJY84 |
||||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 5 pence each |
||||
| b) |
Nature of the transaction |
Vesting of a PSP nil-cost option award |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information -Aggregated volume -Price |
106,116 Nil |
||||
| e) |
Date of the transaction |
2025-04-01 |
||||
| f) |
Place of the transaction |
Outside a trading venue |
||||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 5 pence each |
||||
| b) |
Nature of the transaction |
Sale of shares to cover applicable withholding tax and other deductions arising from the release of a PSP nil-cost option award |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information -Aggregated volume -Price |
50,025 £1.9792 |
||||
| e) |
Date of the transaction |
2025-04-01 |
||||
| f) |
Place of the transaction |
XLON |
||||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
| a) |
Name |
Christopher Cochrane |
|||||||||
| 2 |
Reason for the notification |
||||||||||
| a) |
Position/status |
Chief Information Technology Officer Executive |
|||||||||
| b) |
Initial notification/Amendment |
Initial notification |
|||||||||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
| a) |
Name |
M&G plc |
|||||||||
| b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||||||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 5 pence each |
|||||||||
| b) |
Nature of the transaction |
a. Vesting of a PSP nil-cost option award b. Vesting of a DIP conditional award |
|||||||||
| c) |
Price(s) and volume(s) |
|
|||||||||
| d) |
Aggregated information -Aggregated volume -Price |
134,083 Nil |
|||||||||
| e) |
Date of the transaction |
2025-04-01 |
|||||||||
| f) |
Place of the transaction |
Outside a trading venue |
|||||||||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||||||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 5 pence each |
|||||||||
| b) |
Nature of the transaction |
a. Sale of shares to cover applicable withholding tax and other deductions arising from the release of a PSP nil-cost option award b. Sale of shares to cover applicable withholding tax and other deductions arising from the release of a DIP conditional award |
|||||||||
| c) |
Price(s) and volume(s) |
|
|||||||||
| d) |
Aggregated information -Aggregated volume -Price |
63,210 £1.9792 |
|||||||||
| e) |
Date of the transaction |
2025-04-01 |
|||||||||
| f) |
Place of the transaction |
XLON |
|||||||||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Matthew Howells |
||||
| 2 |
Reason for the notification |
|||||
| a) |
Position/status |
Chief People Officer |
||||
| b) |
Initial notification/Amendment |
Initial notification |
||||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
| a) |
Name |
M&G plc |
||||
| b) |
LEI |
254900TWUJUQ44TQJY84 |
||||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 5 pence each |
||||
| b) |
Nature of the transaction |
Vesting of a DIP conditional award |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information -Aggregated volume -Price |
75,197 Nil |
||||
| e) |
Date of the transaction |
2025-04-01 |
||||
| f) |
Place of the transaction |
Outside a trading venue |
||||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 5 pence each |
||||
| b) |
Nature of the transaction |
Sale of shares to cover applicable withholding tax and other deductions arising from the release of a DIP conditional award |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information -Aggregated volume -Price |
35,449 £1.9792 |
||||
| e) |
Date of the transaction |
2025-04-01 |
||||
| f) |
Place of the transaction |
XLON |
||||
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||||||||||||||
| a) |
Name |
Shawn Gamble |
|||||||||||||||||||||
| 2 |
Reason for the notification |
||||||||||||||||||||||
| a) |
Position/status |
Group Chief Risk and Compliance Officer |
|||||||||||||||||||||
| b) |
Initial notification/Amendment |
Initial notification |
|||||||||||||||||||||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||||||||||||||
| a) |
Name |
M&G plc |
|||||||||||||||||||||
| b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||||||||||||||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||||||||||||||||||||
| a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 5 pence each |
|||||||||||||||||||||
| b) |
Nature of the transaction |
a. Award granted under the DIP to vest and be released in September 2025 b. Award granted under the DIP due to vest in September 2025, with a subsequent holding period until March 2026 c. Award granted under the DIP due to vest in September 2026, with a subsequent holding period until March 2027 d. Award granted under the PSP due to vest in September 2026 e. Award granted under the PSP due to vest in September 2027 f. Award granted under the PSP due to vest in September 2026 with a subsequent holding period until September 2028 |
|||||||||||||||||||||
| c) |
Price(s) and volume(s) |
|
|||||||||||||||||||||
| d) |
Aggregated information -Aggregated volume -Price |
513,110 £1.9462 |
|||||||||||||||||||||
| e) |
Date of the transaction |
2025-04-03 |
|||||||||||||||||||||
| f) |
Place of the transaction |
Outside a trading venue |
|||||||||||||||||||||
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.