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14 May 2026 14:30
M&G plc NEWS RELEASE14 May 2026
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs)
M&G plc (the 'Company') announces changes to the interest in the Company for certain PDMRs further to the release of dividend equivalent shares following the Company's interim dividend payment on 30 April 2026.
Certain discretionary share plan awards were released to the PDMRs on 31 March and 1 April 2026, following their vest dates, the details of which were announced by the company on 2 April and 7 April 2026. As these awards accrued dividend equivalent shares, these were subsequently added to the awards with effect from the dividend payment date of 30 April 2026, these details were announced by the Company on 1 May 2026.
On 13 May 2026, the dividend equivalent shares that had accrued on the vested discretionary share plan awards were subsequently released to the PDMRs as set out below. The PDMRs retained the balance of shares after deductions to cover tax labilities and sale costs.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further details.
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 | Release of dividend equivalent shares under the M&G Performance Share Plan
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
4,777 Nil | ||||
e) | Date of the transaction | 2026-05-13 | ||||
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 on release of dividend equivalent shares under the M&G Performance Share Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
2,257
£3.0188 | ||||
e) | Date of the transaction | 2026-05-13 | ||||
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. Release of dividend equivalent shares under the M&G Performance Share Plan b. Release of dividend equivalent shares under the M&G Deferred Incentive Plan | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
-Aggregated volume
-Price |
6,990
Nil | |||||||||
e) | Date of the transaction | 2026-05-13 | |||||||||
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 tax and other deductions arising on release of dividend equivalent shares under the M&G Performance Share Plan b. Sale of shares to cover applicable withholding tax and other deductions arising on release of dividend equivalent shares under the M&G Deferred Incentive Plan | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
-Aggregated volume
-Price |
3,297
£3.0188 | |||||||||
e) | Date of the transaction | 2026-05-13 | |||||||||
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 | Release of dividend equivalent shares under the M&G Deferred Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
2,878
Nil | ||||
e) | Date of the transaction | 2026-05-13 | ||||
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 on release of dividend equivalent shares under the M&G Deferred Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
1,365
£3.0188 | ||||
e) | Date of the transaction | 2026-05-13 | ||||
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. Release of dividend equivalent shares under the M&G Performance Share Plan b. Release of dividend equivalent shares under the M&G Deferred Incentive Plan | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
-Aggregated volume
-Price |
17,838
Nil | |||||||||
e) | Date of the transaction | 2026-05-13 | |||||||||
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 tax and other deductions arising on release of dividend equivalent shares under the M&G Performance Share Plan b. Sale of shares to cover applicable withholding tax and other deductions arising on release of dividend equivalent shares under the M&G Deferred Incentive Plan | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
-Aggregated volume
-Price |
8,414
£3.0188 | |||||||||
e) | Date of the transaction | 2026-05-13 | |||||||||
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 | Release of dividend equivalent shares under the M&G Deferred Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
Aggregated information
-Aggregated volume
-Price |
6,729
Nil | |||||
Date of the transaction | 2026-05-13 | |||||
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 on release of dividend equivalent shares under the M&G Deferred Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
Aggregated information
-Aggregated volume
-Price |
3,175
£3.0188 | |||||
Date of the transaction | 2026-05-13 | |||||
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 | Release of dividend equivalent shares under the M&G Deferred Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
10,944
Nil | ||||
e) | Date of the transaction | 2026-05-13 | ||||
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 on release of dividend equivalent shares under the M&G Deferred Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
5,163
£3.0188 | ||||
e) | Date of the transaction | 2026-05-13 | ||||
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 | Release of dividend equivalent shares under the M&G Deferred Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
3,916
Nil | ||||
e) | Date of the transaction | 2026-05-13 | ||||
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 on release of dividend equivalent shares under the M&G Deferred Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
1,853
£3.0188 | ||||
e) | Date of the transaction | 2026-05-13 | ||||
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 and 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. Release of dividend equivalent shares under the M&G Performance Share Plan b. Release of dividend equivalent shares under the M&G Deferred Incentive Plan | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
-Aggregated volume
-Price |
10,848
Nil | |||||||||
e) | Date of the transaction | 2026-05-13 | |||||||||
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 tax and other deductions arising on release of dividend equivalent shares under the M&G Performance Share Plan b. Sale of shares to cover applicable withholding tax and other deductions arising on release of dividend equivalent shares under the M&G Deferred Incentive Plan | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
-Aggregated volume
-Price |
5,117
£3.0188 | |||||||||
e) | Date of the transaction | 2026-05-13 | |||||||||
f) | Place of the transaction | XLON | |||||||||
LEI: 254900TWUJUQ44TQJY84
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