Director/PDMR Shareholding

M&G PLC

02 April 2026

 

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 GB00BKFB1C65
b)	Nature of the transaction	Vest of a nil-cost option PSP award granted in 2023
c)	Price(s) and volume(s)	Price (s) Volume (s) Nil 103,748
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 GB00BKFB1C65
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)	Price (s) Volume (s) £2.7707 48,915
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 GB00BKFB1C65
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)	Item Price (s) Volume (s) a. Nil 31,624 b. Nil 120,202
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 GB00BKFB1C65
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)	Item Price (s) Volume (s) a. £2.7707 14,905 b. £2.7707 56,652
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 GB00BKFB1C65
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)	Price (s) Volume (s) £2.7707 29,483
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 GB00BKFB1C65
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)	Item Price (s) Volume (s) a. Nil 86,630 b. Nil 264,546
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 GB00BKFB1C65
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)	Price (s) Volume (s) £2.7707 40,853
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 GB00BKFB1C65
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)	Item Price (s) Volume (s) a. Nil 146,151 b. Nil 484,542
	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 GB00BKFB1C65
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)	Price (s) Volume (s) £2.7707 68,884
	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 GB00BKFB1C65
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)	Item Price (s) Volume (s) a. Nil  237,695 b. Nil 417,707
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 GB00BKFB1C65
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)	Price (s) Volume (s) £2.7707 111,996
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 GB00BKFB1C65
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)	Item Price (s) Volume (s) a. Nil 85,061 b. Nil 812,214
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 GB00BKFB1C65
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)	Price (s) Volume (s) £2.7707 40,114
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 GB00BKFB1C65
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)	Item Price (s) Volume (s) a. Nil 85,009 b. Nil 133,557 c. Nil 11,414
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 GB00BKFB1C65
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)	Item Price (s) Volume (s) a. £2.7707 40,051 b. £2.7707 62,923 c. £2.7707 23,618 d. £2.7707 8,040
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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