M&G PLC — Director's Dealing 2026

Apr 1, 2026

National Storage Mechanism | Additional information

RNS Number : 1166Z

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHSSWFDFEMSEFL