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M&G PLC (MNG)

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Friday 03 April, 2020

M&G PLC

Director/PDMR Shareholding

RNS Number : 7767I
M&G PLC
03 April 2020
 

M&G plc NEWS RELEASE
3 April 2020

M&G plc

Notification of transactions by Persons Discharging Managerial Responsibilities (PDMR)

Release of shares under the Prudential Deferred Annual Incentive Plan, the Prudential Long Term Incentive Plan and the Prudential Group Deferred Bonus Plan (the "Prudential Plans")

M&G plc (the "Company") announces that on 2 April 2020, shares were released to the below PDMRs in accordance with the replacement awards granted under the Prudential Plans on 27 November 2019. Shares were sold to cover the PDMRs' tax liabilities and sales costs and the PDMRs retained the balance of the shares.  

Awards under the M&G Deferred Incentive Plan 2019

On 3 April 2020, the Company made deferred bonus awards to PDMRs under the M&G Deferred Incentive Plan 2019. An award representing a proportion of the PDMRs' annual cash bonus has been deferred into a conditional award over shares which is due to vest in April 2023. The awards have been made using the three day average market share price of £1.135.

Awards under the M&G Performance Share Plan 2019

On 3 April 2020,  the Company granted nil-cost options to the following PDMRs under the M&G Performance Share Plan 2019. The options granted in 2020 are subject to the achievement of performance conditions over a three-year period plus a subsequent holding period of two years, except as noted below.

The grant price used for the M&G Performance Share Plan awards of £1.135 was based on an average of the 3 days preceding the grant date of 3 April 2020, consistent with all other participants in the scheme. The Remuneration Committee considered that whilst the share price has traded lower in recent times due to various external factors, they do not believe these are specific to M&G and that it is appropriate to base the grant on this market-typical methodology. The Remuneration Committee also noted the discretion that exists under the rules of the M&G Performance Share Plan to adjust awards if outcomes are not reflective of the performance of the Group taking consideration of all relevant factors including market movements over the period of vesting.

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

Number of shares awarded under the M&G Deferred Incentive Plan 2019

Number of nil-cost options granted under the M&G Performance Share Plan 2019

Julian Adams

 

338,244

159,454

101,806

442,621

Clare Bousfield

 

176,097

83,030

130,837

1,106,563

Jonathan Daniels

30,847

14,542

168,634

737,702

John Foley

761,462

358,965

459,295

2,158,590

David Macmillan

-

-

58,837

637,107

Graham Mason

143,635

67,712

51,718

570,043

Irene McDermott Brown

137,310

64,743

64,581

563,336

Alan Porter

 

379,823

179,055

77,709

704,171

Roddy Thomson

-

-

68,546

603,574

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

Contact

Alan Porter, Group General Counsel and Company Secretary - 0203 977 4064

Helen Archbold, Head of Secretariat - 0203 977 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 nil-cost conditional awards under the Prudential Deferred Annual Incentive Plan

b.  Vesting of nil-cost conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

155,984

b.

Nil

182,260

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

338,244

 

Nil

 

Date of the transaction

2020-04-02

 

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

b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.1284

73,534

b.

£1.1284

85,920

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

159,454

 

£1.1284

 

Date of the transaction

2020-04-02

 

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

a.  Award granted under the Performance Share Plan due to vest in April 2023

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

442,621

b.

£1.135

101,806

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

544,427

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

 

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 nil-cost conditional awards under the Prudential Group Deferred Bonus Plan

b.  Vesting of nil-cost conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

5,547

b.

Nil

170,550

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

176,097

 

Nil

 

Date of the transaction

2020-04-02

 

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 Group Deferred Bonus Plan

b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.1284

2,630

b.

£1.1284

80,400

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

83,030

 

£1.1284

 

Date of the transaction

2020-04-02

 

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

a.  Award granted under the Performance Share Plan due to vest in April 2023 subject to the achievement of performance conditions 

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

1,106,563

b.

£1.135

130,837

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

1,237,400

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

 

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

Vesting of nil-cost conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

30,847

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

 30,847

 

Nil

 

Date of the transaction

2020-04-02

 

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 conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

£1.1284

14,542

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

14,542

 

£1.1284

 

Date of the transaction

2020-04-02

 

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

a.  Award granted under the Performance Share Plan due to vest in April 2023 subject to the achievement of performance conditions 

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

737,702

b.

£1.135

168,634

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

906,336

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

 

 

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 nil-cost conditional awards under the Prudential Deferred Annual Incentive Plan

b.  Vesting of nil-cost conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

224,694

b.

Nil

536,768

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

761,462

 

Nil

 

Date of the transaction

2020-04-02

 

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

b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of conditional awards under the Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.1284

105,924

b.

£1.1284

253,041

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

358,965

 

£1.1284

 

Date of the transaction

2020-04-02

 

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

a.  Award granted under the Performance Share Plan due to vest in April 2023 subject to the achievement of performance conditions 

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

2,158,590

b.

£1.135

459,295

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

2,617,885

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

 

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.  Award granted under the Performance Share Plan due to vest in April 2023 subject to the achievement of performance conditions 

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

637,107

b.

£1.135

58,837

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

695,944

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

 

 

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 nil-cost conditional awards under the Prudential Group Deferred Bonus Plan

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

143,635

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

143,635

 

Nil

 

Date of the transaction

2020-04-02

 

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

Sale of shares to cover applicable withholding tax and other deductions arising on release of conditional awards under the Prudential Group Deferred Bonus Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

£1.1284

67,712

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

67,712

 

£1.1284

 

Date of the transaction

2020-04-02

 

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

a.  Award granted under the Performance Share Plan due to vest in April 2023 subject to the achievement of performance conditions 

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

570,043

b.

£1.135

51,718

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

621,761

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

 

 

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 nil-cost conditional awards under the Prudential Group Deferred Bonus Plan

b.  Vesting of nil-cost conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

6,890

b.

Nil

130,420

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

137,310

 

Nil

 

Date of the transaction

2020-04-02

 

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 Group Deferred Bonus Plan

b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.1284

3,261

b.

£1.1284

61,482

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

64,743

 

£1.1284

 

Date of the transaction

2020-04-02

 

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

a.  Award granted under the Performance Share Plan due to vest in April 2023 subject to the achievement of performance conditions 

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

563,336

b.

£1.135

64,581

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

627,917

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Porter

2

Reason for the notification

a)

Position/status

Group General Counsel & 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 nil-cost conditional awards under the Prudential Deferred Annual Incentive Plan

b.  Vesting of nil-cost conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

124,989

b.

Nil

254,834

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

379,823

 

Nil

 

Date of the transaction

2020-04-02

 

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

b.  Sale of shares to cover applicable withholding tax and other deductions arising on release of conditional awards under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.1284

58,922

b.

£1.1284

120,133

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

179,055

 

£1.1284

 

Date of the transaction

2020-04-02

 

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

a.  Award granted under the Performance Share Plan due to vest in April 2023 subject to the achievement of performance conditions 

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

704,171

b.

£1.135

77,709

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

781,880

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Roddy Thomson

2

Reason for the notification

a)

Position/status

Chief Operating 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.  Award granted under the Performance Share Plan due to vest in April 2023 subject to the achievement of performance conditions 

b.  Award granted under the Deferred Incentive Plan to be released in April 2023

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£1.135

603,574

b.

£1.135

68,546

 

 

Aggregated information

 

-Aggregated volume

 

-Price

 

 

672,120

 

£1.135

 

Date of the transaction

2020-04-03

 

Place of the transaction

Outside a trading venue

 

 

LEI: 254900TWUJUQ44TQJY84

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


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