Director/PDMR Shareholding
Summary by AI BETAClose X
M&G plc NEWS RELEASE
2 April 2026
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Vest of awards under the M&G Deferred Incentive Plan 2019 (DIP) and the M&G Performance Share Plan 2019 (PSP)
Vest and release of shares
On 31 March 2026, time vesting and recruitment awards granted in 2023 to certain PDMRs vested and were subsequently released to them with sufficient shares sold to cover the PDMR's tax liabilities and sale costs, with the balance of shares retained by the PDMRs. Of these, a recruitment award granted to Clive Bolton was subject to performance conditions.
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 |
|
103,748 |
48,915 |
|
Christopher Cochrane |
31,624 |
14,905 |
|
120,202 |
56,652 |
|
Matthew Howells |
86,630 |
40,853 |
|
n/a |
n/a |
|
Kathryn McLeland |
146,151 |
68,884 |
|
n/a |
n/a |
|
Joseph Pinto |
237,695 |
111,996 |
|
n/a |
n/a |
|
Andrea Rossi |
85,061 |
40,114 |
|
n/a |
n/a |
|
Louise Shield |
85,009 |
40,051 |
|
133,557 |
62,923 |
Release of shares following the end of a holding period
On 31 March 2026, the following awards were released to Ms. Gamble and Ms. Shield further to the completion of their respective post-vest holding periods. Sufficient shares were sold to cover the PDMRs' tax liabilities and sales costs, with the balance of shares retained by the PDMRs, as shown 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 |
|
Shawn Gamble |
62,507 |
29,483 |
|
n/a |
n/a |
|
Louise Shield |
17,066 |
8,040 |
|
50,129 |
23,618 |
Vest into a holding period
The following awards have vested and will be held gross of tax until the end of their respective post-vest holding periods.
On 31 March 2026, a recruitment award granted to Ms. Shield in 2023 entered a one-year holding period ending on 31 March 2027. Additionally, awards granted in 2023 to Mr. Howells, Ms. McLeland, Mr. Pinto and Mr. Rossi which were subject to performance conditions each entered a two-year holding period ending on 31 March 2028.
This is summarised in the following table:
|
Name |
Number of shares vested and entered into a holding period under the DIP |
|
Number of shares vested and entered into a holding period under the PSP |
|
Matthew Howells |
n/a |
|
264,546 |
|
Kathryn McLeland |
n/a |
|
484,542 |
|
Joseph Pinto |
n/a |
|
417,707 |
|
Andrea Rossi |
n/a |
|
812,214 |
|
Louise Shield |
11,414 |
|
n/a |
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 |
Vest of a nil-cost option PSP award granted in 2023
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
103,748
Nil |
||||
|
e) |
Date of the transaction |
2026-03-31 |
||||
|
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 and other deductions arising from the exercise and release of a nil-cost option award under the PSP |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
48,915
£2.7707 |
||||
|
e) |
Date of the transaction |
2026-03-31 |
||||
|
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 |
|||||||||
|
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. Vest of a conditional award under the DIP granted in 2023 b. Vest of a nil-cost option PSP award granted in 2023 |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
151,826
Nil |
|||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||
|
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 and other deductions arising from the release of a conditional award under the DIP b. Sale of shares to cover applicable withholding and other deductions arising from the exercise and release of a nil-cost option award under the PSP |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
71,557
£2.7707 |
|||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||
|
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 & 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 |
Sale of shares to cover applicable withholding tax and other deductions arising from the release of a conditional award under the DIP following the end of a holding period |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
29,483
£2.7707 |
||||
|
e) |
Date of the transaction |
2026-03-31 |
||||
|
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 |
a. Vest of a conditional award granted in 2023 under the DIP b. Vest of a PSP nil-cost option award granted in 2023 into a two-year holding period
|
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
351,176
Nil |
|||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||
|
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 conditional award under the DIP |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
40,853
£2.7707
|
|||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||
|
f) |
Place of the transaction |
XLON |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Kathryn McLeland |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief Financial 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. Vest of a conditional award granted in 2023 under the DIP b. Vest of a PSP nil-cost option award granted in 2023 into a two-year holding period |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
|
Aggregated information
-Aggregated volume
-Price |
630,693
Nil |
|||||||||
|
|
Date of the transaction |
2026-03-31 |
|||||||||
|
|
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 conditional award under the DIP |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
|
Aggregated information
-Aggregated volume
-Price |
68,884
£2.7707 |
|||||||||
|
|
Date of the transaction |
2026-03-31 |
|||||||||
|
|
Place of the transaction |
XLON |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Joseph Pinto |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief Executive, Asset Management |
|||||||||
|
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. Vest of a conditional award granted in 2023 under the DIP b. Vest of a PSP nil-cost option award granted in 2023 into a two-year holding period |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
655,402
Nil |
|||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||
|
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 conditional award under the DIP |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
111,996
£2.7707 |
|||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||
|
f) |
Place of the transaction |
XLON |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Andrea Rossi |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Group Chief 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. Vest of a conditional award granted in 2023 under the DIP b. Vest of a PSP nil-cost option award granted in 2023 into a two-year holding period |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
897,275
Nil |
|||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||
|
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 conditional award under the DIP |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
40,114
£2.7707 |
|||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||
|
f) |
Place of the transaction |
XLON |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||||||||
|
a) |
Name |
Louise Shield |
|||||||||||||||
|
2 |
Reason for the notification |
||||||||||||||||
|
a) |
Position/status |
Group Corporate Affairs, Sustainability & Brand Director |
|||||||||||||||
|
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. Vest of two conditional awards granted in 2023 under the DIP b. Vest of a PSP nil-cost option award granted in 2023 under the PSP c. Vest of a DIP conditional award granted in 2023 into a one-year holding period |
|||||||||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
229,980
Nil |
|||||||||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||||||||
|
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 and other deductions arising from the release of two conditional awards under the DIP b. Sale of shares to cover applicable withholding and other deductions arising from the exercise and release of a nil-cost option award under the PSP c. Sale of shares to cover applicable withholding tax and other deductions arising from the release of a conditional award under the DIP following the end of a holding period d. Sale of shares to cover applicable withholding tax and other deductions arising from the exercise and release of a nil-cost option award under the PSP following the end of a holding period |
|||||||||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
134,632
£2.7707 |
|||||||||||||||
|
e) |
Date of the transaction |
2026-03-31 |
|||||||||||||||
|
f) |
Place of the transaction |
XLON |
|||||||||||||||
LEI: 254900TWUJUQ44TQJY84
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