REG - M&G PLC - Director/PDMR Shareholding
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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 Ordinary shares of 5 pence each
Identification code
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 445,740
-Price £2.747
d) Date of the transaction 2026-04-01
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 226,991
-Price £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 Ordinary shares of 5 pence each
Identification code
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 296,078
-Price £2.747
e) Date of the transaction 2026-04-01
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 350,635
-Price £2.747
e) Date of the transaction 2026-04-01
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 771,955
-Price £2.747
Date of the transaction 2026-04-01
Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 753,784
-Price £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 Ordinary shares of 5 pence each
Identification code
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 87,079
-Price Nil
e) Date of the transaction 2026-04-01
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 1,524,465
-Price £2.747
e) Date of the transaction 2026-04-01
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 299,055
-Price £2.747
e) Date of the transaction 2026-04-01
f) Place of the transaction Outside a trading venue
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 Ordinary shares of 5 pence each
Identification code
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 425,919
-Price £2.747
e) Date of the transaction 2026-04-01
f) Place of the transaction Outside a trading venue
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
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