REG - M&G PLC - Director/PDMR Shareholding
03/04/2025 14:30
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250403:nRSC5834Da&default-theme=true
RNS Number : 5834D M&G PLC 03 April 2025
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 Number of shares vested under the PSP Number of shares sold to cover tax liabilities and sales costs in relation to
the DIP 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction Vesting of a PSP nil-cost option award
Price(s) and volume(s) Price (s) Volume (s)
Nil 106,116
c)
d) Aggregated information
-Aggregated volume 106,116
-Price 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
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) Price (s) Volume (s)
£1.9792 50,025
d) Aggregated information
-Aggregated volume 50,025
-Price £1.9792
e) Date of the transaction 2025-04-01
f) Place of the transaction XLON
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
GB00BKFB1C65
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)
Price (s) Volume (s)
£1.9792 50,025
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
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) Item Price (s) Volume (s)
a. Nil 101,073
b. Nil 33,010
d) Aggregated information
-Aggregated volume 134,083
-Price 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
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) Item Price (s) Volume (s)
a. £1.9792 47,648
b. £1.9792 15,562
d) Aggregated information
-Aggregated volume 63,210
-Price £1.9792
e) Date of the transaction 2025-04-01
f) Place of the transaction XLON
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
GB00BKFB1C65
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)
Item Price (s) Volume (s)
a. £1.9792 47,648
b. £1.9792 15,562
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
b) Nature of the transaction Vesting of a DIP conditional award
c) Price(s) and volume(s) Price (s) Volume (s)
Nil 75,197
d) Aggregated information
-Aggregated volume 75,197
-Price 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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
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) Price (s) Volume (s)
£1.9792 35,449
d) Aggregated information
-Aggregated volume 35,449
-Price £1.9792
e) Date of the transaction 2025-04-01
f) Place of the transaction XLON
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
GB00BKFB1C65
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)
Price (s) Volume (s)
£1.9792 35,449
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 Ordinary shares of 5 pence each
Identification code
GB00BKFB1C65
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) Item Price (s) Volume (s)
a. £1.9462 46,788
b. £1.9462 57,334
c. £1.9462 57,346
d. £1.9462 77,122
e. £1.9462 129,969
f. £1.9462 144,551
d) Aggregated information
-Aggregated volume 513,110
-Price £1.9462
e) Date of the transaction 2025-04-03
f) Place of the transaction Outside a trading venue
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHSSEFDDEISEFLRecent news on M&G
See all newsREG - M&G PLC - Total Voting Rights
AnnouncementREG - M&G PLC - Result of AGM
AnnouncementREG - M&G PLC - Block listing Interim Review
AnnouncementREG - M&G PLC Aviva PLC - Form 8.3 - Aviva Plc
AnnouncementREG - M&G PLC Dowlais Group PLC - Form 8.3 - DOWLAIS GROUP PLC
Announcement