Director/PDMR Shareholding

M&G PLC

01 April 2026

 

M&G plc NEWS RELEASE
1 April 2026

M&G plc

Notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Grant of awards under the M&G Deferred Incentive Plan 2019 (DIP) and the M&G Performance Share Plan 2019 (PSP)

Grant of awards under the DIP

On 1 April 2026, the Company granted deferred bonus short-term incentive (STI) awards under the DIP to the PDMRs set out below. The DIP awards granted represent a deferred proportion of the PDMRs' annual STI, granted as conditional awards over shares which will vest pro-rata in April 2027, April 2028 and April 2029.

For the 2025 performance year, Joseph Pinto was identified as a Material Risk Taker under the Undertakings for Collective Investment in Transferrable Securities Directive V and the Alternative Investment Fund Managers Directive remuneration regulations. In order to meet these regulatory requirements, a portion of Mr. Pinto's up-front STI annual award has been delivered in M&G plc shares under the DIP with an immediate vest date and a six-month holding period due to end on 1 October 2026. In addition, his annual STI award deferred into shares under the DIP per the paragraph above will be subject to additional six-month holding periods after each respective pro-rata vest date.

The DIP awards have been made using the average market share price for the five days preceding the award date, of £2.747.

Grant of awards under the PSP

On 1 April 2026, the Company granted nil-cost option PSP awards to the PDMRs set out below. The PSP awards granted are subject to the achievement of performance conditions over a three-year period (with the exception of the award made to Shawn Gamble to which performance conditions do not apply) and a subsequent two-year holding period. The PSP awards have been made using the average market share price for the five days preceding the award date, of £2.747.

Awards summary table

The below table summarises the above awards for each PDMR:

Name	Number of shares awarded as conditional awards under the DIP	Number of shares awarded as nil-cost options under the PSP
Clive Bolton	74,426	371,314
Shawn Gamble	73,005	153,986
Charlotte Heiss	64,007	232,071
Matt Howells	80,887	269,748
Kathryn McLeland	168,297	603,658
Joseph Pinto	203,184	550,600
Andrea Rossi	282,201	1,242,264
Louise Shield	66,984	232,071
Simon Tasker	n/a	425,919

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)
b)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5 pence each GB00BKFB1C65
a)	Nature of the transaction	a.    Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b.    Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031
b)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.747 74,426 b. £2.747 371,314
c)	Aggregated information -Aggregated volume -Price	445,740 £2.747
d)	Date of the transaction	2026-04-01
f)	Place of the transaction	Outside a trading venue

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 GB00BKFB1C65
b)	Nature of the transaction	a.    Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b.    Award granted under the PSP due to vest in April 2029, with a subsequent two-year holding period until April 2031
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.747 73,005 b. £2.747 153,986
d)	Aggregated information -Aggregated volume -Price	226,991 £2.747
e)	Date of the transaction	2026-04-01
f)	Place of the transaction	Outside a trading venue
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charlotte Heiss
2	Reason for the notification
a)	Position/status	Group General Counsel & Company Secretary
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 GB00BKFB1C65
b)	Nature of the transaction	a.    Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b.    Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.747 64,007 b. £2.747 232,071
d)	Aggregated information -Aggregated volume -Price	296,078 £2.747
e)	Date of the transaction	2026-04-01
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matt 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 GB00BKFB1C65
b)	Nature of the transaction	a.    Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b.    Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.747 80,887 b. £2.747 269,748
d)	Aggregated information -Aggregated volume -Price	350,635 £2.747
e)	Date of the transaction	2026-04-01
f)	Place of the transaction	Outside a trading venue

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 GB00BKFB1C65
b)	Nature of the transaction	a.    Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b.    Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.747 168,297 b. £2.747 603,658
	Aggregated information -Aggregated volume -Price	771,955 £2.747
	Date of the transaction	2026-04-01
	Place of the transaction	Outside a trading venue

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 GB00BKFB1C65
b)	Nature of the transaction	a.    Award granted under the DIP due to vest immediately into a subsequent six-month holding period until October 2026 b.    Award granted under the DIP to vest in three tranches in April 2027, 2028 and 2029, each subject to an additional six-month holding period c.     Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.747 87,079 b. £2.747 116,105 c. £2.747 550,600
d)	Aggregated information -Aggregated volume -Price	753,784 £2.747
e)	Date of the transaction	2026-04-01
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.    Vesting of a conditional award under the DIP into a six-month holding period until October 2026
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 87,079
d)	Aggregated information -Aggregated volume -Price	87,079 Nil
e)	Date of the transaction	2026-04-01
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrea Rossi
2	Reason for the notification
a)	Position/status	Chief Executive 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 GB00BKFB1C65
b)	Nature of the transaction	a.    Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b.    Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.747 282,201 b. £2.747 1,242,264
d)	Aggregated information -Aggregated volume -Price	1,524,465 £2.747
e)	Date of the transaction	2026-04-01
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Louise Shield
2	Reason for the notification
a)	Position/status	Corporate Affairs 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 GB00BKFB1C65
b)	Nature of the transaction	a.    Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.747 66,984 b. £2.747 232,071
d)	Aggregated information -Aggregated volume -Price	299,055 £2.747
e)	Date of the transaction	2026-04-01
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Tasker
2	Reason for the notification
a)	Position/status	Chief Transformation 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 GB00BKFB1C65
b)	Nature of the transaction	Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.747 425,919
d)	Aggregated information -Aggregated volume -Price	425,919 £2.747
e)	Date of the transaction	2026-04-01
f)	Place of the transaction	Outside a trading venue

LEI: 254900TWUJUQ44TQJY84

 

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