Director/PDMR Shareholding

RNS Number : 1909A

M&G PLC

21 September 2022

 

M&G plc NEWS RELEASE
21 September 2022

M&G plc

Notification of transaction by Person Discharging Managerial Responsibilities ('PDMR')

Release of shares under the Prudential Deferred Annual Incentive Plan, the Prudential Long Term Incentive Plan, and the Prudential Restricted Stock Plan (the 'Prudential Plans')

M&G plc (the 'Company') announces that on 20 September 2022, shares that vested on 19 September 2022 were released to the below PDMRs in accordance with the replacement awards granted under the Prudential Plans on 19 September 2019. Shares were sold to cover the PDMRs' tax liabilities and sales costs and the PDMRs retained the balance of the shares.  

Summary table

The below table summarises the above transactions for each PDMR:

Name	Number of shares released under the Prudential Plans	Number of shares sold to cover tax liabilities and sales costs
Jonathan Daniels	108,827	52,668
Clare Bousfield	24,982	12,091
Alan Porter	89,377	43,255

The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

Contact

Alan Porter, General Counsel and Company Secretary - 020 8162 4064

George Bayer, Senior Assistant Company Sectary - 020 8162 2655

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Daniels
2	Reason for the notification
a)	Position/status	Chief Investment 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.  Vesting of a conditional award under the Prudential Long Term Incentive Plan b.  Vesting of conditional awards under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Price (s) Volume (s) Nil 83,845 Nil 24,982
	Aggregated information -Aggregated volume -Price	108,827 Nil
	Date of the transaction	2022-09-19
	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 a conditional award under the Prudential Long Term Incentive Plan b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of conditional awards under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Price (s) Volume (s) £1.9782 40,577 £1.9782 12,091
	Aggregated information -Aggregated volume -Price	52,668 £1.9782
	Date of the transaction	2022-09-20
	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clare Bousfield
2	Reason for the notification
a)	Position/status	Managing Director Retail and Savings
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.  Vesting of conditional awards under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Price (s) Volume (s) Nil 24,982
	Aggregated information -Aggregated volume -Price	24,982 Nil
	Date of the transaction	2022-09-19
	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 conditional awards under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Price (s) Volume (s) £1.9782 12,091
	Aggregated information -Aggregated volume -Price	12,091 £1.9782
	Date of the transaction	2022-09-20
	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Porter
2	Reason for the notification
a)	Position/status	General Counsel and 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	b.  Vesting of conditional awards under Prudential Deferred Annual Incentive Plan
c)	Price(s) and volume(s)	Price (s) Volume (s) Nil 89,377
	Aggregated information -Aggregated volume -Price	89,377 Nil
	Date of the transaction	2022-09-19
	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 conditional awards under the Prudential Deferred Annual Incentive Plan
c)	Price(s) and volume(s)	Price (s) Volume (s) £1.9782 43,255
	Aggregated information -Aggregated volume -Price	43,255 £1.9782
	Date of the transaction	2022-09-20
	Place of the transaction	XLON

LEI: 254900TWUJUQ44TQJY84

Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.

 

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