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M&G PLC
Director's Dealing • Oct 21, 2025
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2625E
M&G PLC
21 October 2025
M&G plc NEWS RELEASE
21 October 2025
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs)
M&G plc (the 'Company') announces changes to the interests in the Company for certain PDMRs following the payment of an interim dividend of 6.7 pence per share on 17 October 2025.
On 17 October 2025 certain PDMRs accrued divided equivalent shares in the Company on deferred incentive and long term incentive share plans held by them on the dividend record date. These dividend equivalent shares are subject to the same terms (including the vesting date, and where applicable, performance conditions and holding period) as the original award on which they accrued.
Christopher Cochrane, Charlotte Heiss, Matthew Howells and Benoît Macé also acquired, on 17 October 2025, dividend shares under the M&G UK Share Incentive Plan (SIP) following the automatic reinvestment of the interim dividend payment paid in respect of SIP shares held on the dividend record date.
In addition, the Company was informed on 21 October 2025 of changes in the interests of Louise Shield following the reinvestment of the interim dividend on personal shareholdings.
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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 3,090 |
| b. | £2.613 | 22,723 |
d)
Aggregated information
-Aggregated volume
-Price
25,813
£2.613
e)
Date of the transaction
2025-10-17
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Chris 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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 2,764 |
| b. | £2.613 | 15,584 |
d)
Aggregated information
-Aggregated volume
-Price
18,348
£2.613
e)
Date of the transaction
2025-10-17
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
Acquisition of dividend shares under the M&G Share Incentive Plan
c)
Price(s) and volume(s)
| Price | Volume |
| £2.5345 | 43 |
d)
Aggregated information
-Aggregated volume
-Price
43
£2.5345
e)
Date of the transaction
2025-10-17
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
GB00BKFB1C65
b)
Nature of the transaction
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 8,426 |
| b. | £2.613 | 20,295 |
d)
Aggregated information
-Aggregated volume
-Price
28,721
£2.613
e)
Date of the transaction
2025-10-17
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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 3,423 |
| b. | £2.613 | 23,680 |
d)
Aggregated information
-Aggregated volume
-Price
27,103
£2.613
e)
Date of the transaction
2025-10-17
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
Acquisition of dividend shares under the M&G Share Incentive Plan
c)
Price(s) and volume(s)
| Price | Volume |
| £2.5345 | 79 |
d)
Aggregated information
-Aggregated volume
-Price
79
£2.5345
e)
Date of the transaction
2025-10-17
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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 8,957 |
| b. | £2.613 | 44,060 |
d)
Aggregated information
-Aggregated volume
-Price
53,017
£2.613
e)
Date of the transaction
2025-10-17
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
Acquisition of dividend shares under the M&G Share Incentive Plan
c)
Price(s) and volume(s)
| Price | Volume |
| £2.5345 | 227 |
d)
Aggregated information
-Aggregated volume
-Price
227
£2.5345
e)
Date of the transaction
2025-10-17
f)
Place of the transaction
XLON
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Benoît Macé
2
Reason for the notification
a)
Position/status
Chief Transformation and Integration 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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 5,613 |
| b. | £2.613 | 26,857 |
d)
Aggregated information
-Aggregated volume
-Price
32,470
£2.613
e)
Date of the transaction
2025-10-17
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
Acquisition of dividend shares under the M&G Share Incentive Plan
c)
Price(s) and volume(s)
| Price | Volume |
| £2.5345 | 49 |
d)
Aggregated information
-Aggregated volume
-Price
49
£2.5345
e)
Date of the transaction
2025-10-17
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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 16,115 |
| b. | £2.613 | 73,623 |
d)
Aggregated information
-Aggregated volume
-Price
89,738
£2.613
e)
Date of the transaction
2025-10-17
f)
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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 16,187 |
| b. | £2.613 | 48,437 |
d)
Aggregated information
-Aggregated volume
-Price
64,624
£2.613
e)
Date of the transaction
2025-10-17
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
Group 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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 23,021 |
| b. | £2.613 | 108,588 |
d)
Aggregated information
-Aggregated volume
-Price
131,609
£2.613
e)
Date of the transaction
2025-10-17
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
Accrual of dividend equivalent shares in respect of awards under the following plans:
a. M&G Deferred Incentive Plan
b. M&G Performance Share Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.613 | 6,775 |
| b. | £2.613 | 18,546 |
d)
Aggregated information
-Aggregated volume
-Price
25,321
£2.613
e)
Date of the transaction
2025-10-17
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
Accrual of dividend equivalent shares in respect of shares held on a personal shareholding
c)
Price(s) and volume(s)
| Price (s) | Volume (s) |
| £2.553 | 1,994 |
d)
Aggregated information
-Aggregated volume
-Price
1,994
£2.553
e)
Date of the transaction
2025-10-20
f)
Place of the transaction
XLON
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
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