Director/PDMR Shareholding

RNS Number : 6114X

M&G PLC

05 May 2021

 

M&G plc NEWS RELEASE
5 May 2021

M&G plc

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')

M&G plc (the 'Company') announces the following transactions:

Following the payment of an interim dividend of 12.23 pence per share on 28 April 2021 (the 'Dividend'), certain PDMRs acquired shares in the Company following the reinvestment of their Dividend with regards to the shares released to them on 31 March 2021 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 4 May 2021. Shares were sold to cover the PDMRs' tax liabilities and sale costs and the PDMRs retained the balance of the shares.

Alan Porter transferred 37,594 shares to his spouse, Manuela Porter, a Person Closely Associated to Mr. Porter, for nil consideration on 4 May 2021. Shares were sold by Mr. Porter to cover the administration fee associated with this transaction.

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

Helen Archbold, Head of Secretariat - 020 8162 0057
 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Adams
2	Reason for the notification
a)	Position/status	Director, Public Policy and Regulation
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 Dividend Equivalent Shares under the Prudential Deferred Annual Incentive Plan b.  Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 9,838 b. Nil 14,864
	Aggregated information -Aggregated volume -Price	24,702 Nil
	Date of the transaction	2021-05-04
	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 Prudential Deferred Annual Incentive Plan b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.154 4,638 b. £2.154 7,008
	Aggregated information -Aggregated volume -Price	11,646 £2.154
	Date of the transaction	2021-05-04
	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	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	a.  Vesting of Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan b.  Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 2,197 b. Nil 10,695
	Aggregated information -Aggregated volume -Price	12,892 Nil
	Date of the transaction	2021-05-04
	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 Prudential Group Deferred Bonus Plan b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.154 1,036 b. £2.154 5,042
	Aggregated information -Aggregated volume -Price	6,078 £2.154
	Date of the transaction	2021-05-04
	Place of the transaction	XLON

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 Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan b.  Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 24,058 b. Nil 22,059
	Aggregated information -Aggregated volume -Price	46,117 Nil
	Date of the transaction	2021-05-04
	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 Prudential Group Deferred Bonus Plan b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.154 11,342 b. £2.154 10,400
	Aggregated information -Aggregated volume -Price	21,742 £2.154
	Date of the transaction	2021-05-04
	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Foley
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 Identification code	Ordinary shares of 5 pence each GB00BKFB1C65
b)	Nature of the transaction	a.  Vesting of Dividend Equivalent Shares under the Prudential Deferred Annual Incentive Plan b.  Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 14,171 b. Nil 32,139
	Aggregated information -Aggregated volume -Price	46,310 Nil
	Date of the transaction	2021-05-04
	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 Prudential Deferred Annual Incentive Plan b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.154 6,681 b. £2.154 15,151
	Aggregated information -Aggregated volume -Price	21,832 £2.154
	Date of the transaction	2021-05-04
	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Macmillan
2	Reason for the notification
a)	Position/status	Chief Customer & Distribution 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 Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan b.  Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 1,998 b. Nil 8,533
	Aggregated information -Aggregated volume -Price	10,531 Nil
	Date of the transaction	2021-05-04
	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 Prudential Group Deferred Bonus Plan b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.154 962 b. £2.154 4,109
	Aggregated information -Aggregated volume -Price	5,071 £2.154
	Date of the transaction	2021-05-04
	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graham Mason
2	Reason for the notification
a)	Position/status	Chief International 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	Vesting of Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price (s) Volume (s) Nil 8,768
	Aggregated information -Aggregated volume -Price	8,768 Nil
	Date of the transaction	2021-05-04
	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 Prudential Group Deferred Bonus Plan
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.154 4,134
	Aggregated information -Aggregated volume -Price	4,134 £2.154
	Date of the transaction	2021-05-04
	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Irene McDermott Brown
2	Reason for the notification
a)	Position/status	Chief Human Resources 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 Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan b.  Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 1,784 b. Nil 6,811
	Aggregated information -Aggregated volume -Price	8,595 Nil
	Date of the transaction	2021-05-04
	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 Prudential Group Deferred Bonus Plan b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.154 841 b. £2.154 3,211
	Aggregated information -Aggregated volume -Price	4,052 £2.154
	Date of the transaction	2021-05-04
	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	a.  Vesting of Dividend Equivalent Shares under the Prudential Deferred Annual Incentive Plan b.  Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 7,520 b. Nil 17,068
	Aggregated information -Aggregated volume -Price	24,588 Nil
	Date of the transaction	2021-05-04
	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 Prudential Deferred Annual Incentive Plan b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.154 3,546 b. £2.154 8,047
	Aggregated information -Aggregated volume -Price	11,593 £2.154
	Date of the transaction	2021-05-04
	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	Transfer of shares to spouse, Manuela Porter, for nil consideration
c)	Price(s) and volume(s)	Price (s) Volume (s) Nil 37,594
d)	Aggregated information -Aggregated volume -Price	37,594 Nil
e)	Date of the transaction	2021-05-04
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 transfer fees
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.144 12
d)	Aggregated information -Aggregated volume -Price	12 £2.144
e)	Date of the transaction	2021-05-04
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Manuela Porter
2	Reason for the notification
a)	Position/status	Person Closely Associated to Alan Porter, 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	Transfer of shares from spouse, Alan Porter, for nil consideration
c)	Price(s) and volume(s)	Price (s) Volume (s) Nil 37,594
d)	Aggregated information -Aggregated volume -Price	37,594 Nil
e)	Date of the transaction	2021-05-04
f)	Place of the transaction	Outside a trading venue

LEI: 254900TWUJUQ44TQJY84

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

 

END

 

 

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