Director/PDMR Shareholding

RNS Number : 6647K

M&G PLC

06 May 2022

 

M&G plc NEWS RELEASE
6 May 2022

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 12.2 pence per share on 28 April 2022 (the 'Dividend'), certain PDMRs acquired shares in the Company following the reinvestment of their Dividend with regards to the shares released to them on 4 April 2022 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 5 May 2022. Shares were sold to cover the PDMRs' tax liabilities and sale costs and the PDMRs retained the balance of the shares.

Alan Porter transferred 103,788 shares to Manuela Porter, for nil consideration, on 4 May 2022.

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

Penny Woodcock, Deputy Company Secretary - PLC and Governance - 020 8162 3112

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 Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan b.  Vesting of Dividend Equivalent Shares under Prudential Long Term Incentive Plan c.  Vesting of Dividend Equivalent Shares under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 2,986 b. Nil 41,072 c. Nil 331
	Aggregated information -Aggregated volume -Price	44,389 Nil
	Date of the transaction	2022-05-05
	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 Prudential Long Term Incentive Plan c.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.1475 1,446 b. £2.1475 19,877 c. £2.1475 161
	Aggregated information -Aggregated volume -Price	21,484 £2.1475
	Date of the transaction	2022-05-05
	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.  Vesting of Dividend Equivalent Shares under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 7,964 b. Nil 11,308 c. Nil 331
	Aggregated information -Aggregated volume -Price	19,603 Nil
	Date of the transaction	2022-05-05
	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.  Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.1475 3,755 b. £2.1475 5,331 c. £2.1475 157
	Aggregated information -Aggregated volume -Price	9,243 £2.1475
	Date of the transaction	2022-05-05
	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 15,742 b. Nil 34,784
	Aggregated information -Aggregated volume -Price	50,526 Nil
	Date of the transaction	2022-05-05
	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. £2.1475 7,422 b. £2.1475 16,398
	Aggregated information -Aggregated volume -Price	23,820 £2.1475
	Date of the transaction	2022-05-05
	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 2,609 b. Nil 5,482
	Aggregated information -Aggregated volume -Price	8,091 Nil
	Date of the transaction	2022-05-05
	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. £2.1475 1,257 b. £2.1475 2,640
	Aggregated information -Aggregated volume -Price	3,897 £2.1475
	Date of the transaction	2022-05-05
	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 9,231 b. Nil 16,549
	Aggregated information -Aggregated volume -Price	25,780 Nil
	Date of the transaction	2022-05-05
	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. £2.1475 4,352 b. £2.1475 7,802
	Aggregated information -Aggregated volume -Price	12,154 £2.1475
	Date of the transaction	2022-05-05
	Place of the transaction	XLON
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 Manuela Porter for nil consideration
c)	Price(s) and volume(s)	Price (s) Volume (s) Nil 103,778
d)	Aggregated information -Aggregated volume -Price	103,778 Nil
e)	Date of the transaction	2022-05-04
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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