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 |
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|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief Executive Officer, M&G Life |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
M&G plc |
|||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
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|
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
|
|||||||||
|
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) |
|
|||||||||
|
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
Identification code |
Ordinary shares of 5 pence each
|
|||||||||
|
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) |
|
|||||||||
|
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 |
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|
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
|
|||||||||
|
b) |
Nature of the transaction |
Acquisition of dividend shares under the M&G Share Incentive Plan |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
43
£2.5345 |
|||||||||
|
e) |
Date of the transaction |
2025-10-17 |
|||||||||
|
f) |
Place of the transaction |
XLON |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Shawn Gamble |
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|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Group Chief Risk and Compliance Officer |
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|
b) |
Initial notification/Amendment |
Initial notification |
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|
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
|
|||||||||
|
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) |
|
|||||||||
|
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 |
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|
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 |
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|
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
|
|||||||||
|
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) |
|
|||||||||
|
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
|
|||||||||
|
b) |
Nature of the transaction |
Acquisition of dividend shares under the M&G Share Incentive Plan |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
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
Identification code |
Ordinary shares of 5 pence each
|
|||||||||
|
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) |
|
|||||||||
|
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
|
|||||||||
|
b) |
Nature of the transaction |
Acquisition of dividend shares under the M&G Share Incentive Plan |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
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
Identification code |
Ordinary shares of 5 pence each
|
|||||||||
|
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) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
32,470
|
|||||||||
|
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
|
|||||||||
|
b) |
Nature of the transaction |
Acquisition of dividend shares under the M&G Share Incentive Plan |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
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
Identification code |
Ordinary shares of 5 pence each
|
|||||||||
|
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) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
89,738
|
|||||||||
|
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
Identification code |
Ordinary shares of 5 pence each
|
|||||||||
|
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) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
64,624
|
|||||||||
|
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
Identification code |
Ordinary shares of 5 pence each
|
|||||||||
|
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) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
131,609
|
|||||||||
|
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
Identification code |
Ordinary shares of 5 pence each
|
|||||||||
|
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) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
25,321
|
|||||||||
|
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
|
|||||||||
|
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) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
1,994
|
|||||||||
|
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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