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M&G PLC Director's Dealing 2026
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3179Z
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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