REG - M&G PLC - Director/PDMR Shareholding
21/10/2025 15:30
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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 Ordinary shares of 5 pence each
Identification code
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 25,813
-Price £2.613
e) Date of the transaction 2025-10-17
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 18,348
-Price £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 Ordinary shares of 5 pence each
Identification code
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 43
-Price £2.5345
e) Date of the transaction 2025-10-17
f) Place of the transaction XLON
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 Ordinary shares of 5 pence each
Identification code
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 28,721
-Price £2.613
e) Date of the transaction 2025-10-17
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 27,103
-Price £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 Ordinary shares of 5 pence each
Identification code
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 79
-Price £2.5345
e) Date of the transaction 2025-10-17
f) Place of the transaction XLON
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 Ordinary shares of 5 pence each
Identification code
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 53,017
-Price £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 Ordinary shares of 5 pence each
Identification code
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 227
-Price £2.5345
e) Date of the transaction 2025-10-17
f) Place of the transaction XLON
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 Ordinary shares of 5 pence each
Identification code
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 32,470
£2.613
-Price
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 Ordinary shares of 5 pence each
Identification code
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 49
-Price £2.5345
e) Date of the transaction 2025-10-17
f) Place of the transaction XLON
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 Ordinary shares of 5 pence each
Identification code
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 89,738
£2.613
-Price
e) Date of the transaction 2025-10-17
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 64,624
£2.613
-Price
e) Date of the transaction 2025-10-17
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 131,609
£2.613
-Price
e) Date of the transaction 2025-10-17
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 25,321
£2.613
-Price
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 Ordinary shares of 5 pence each
Identification code
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 1,994
£2.553
-Price
e) Date of the transaction 2025-10-20
f) Place of the transaction XLON
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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