Director/PDMR Shareholding

RNS Number : 2012V

M&G PLC

29 November 2019

 

M&G plc NEWS RELEASE
29 November 2019

M&G plc

Notification of transactions by Persons Discharging Managerial Responsibilities (PDMR)

M&G plc (the Company) announces that, as set out in the Prospectus dated 25 September 2019, options and awards over Prudential Shares held by PDMRs have been rolled over into, or exchanged for, equivalent options and awards over M&G Shares ("Replacement Awards"). The number of M&G Shares subject to the Replacement Awards was calculated using the methodology set out in the Prospectus. Where relevant, performance conditions have been adjusted so as to ensure that the holder of the Replacement Award is appropriately incentivised by reference to the performance of the Company and the Group rather than Prudential plc and the Prudential Group. Further information on the Replacement Awards is set out in the Prospectus.

In addition, the Company announces that, as also set out in the Prospectus, an award of free M&G Shares has been made under the M&G UK Share Incentive Plan to each eligible employee, including the below PDMRs.

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Deferred Annual Incentive Plan in 2017; b.    Long Term Incentive Plan in 2017; c.     Deferred Annual Incentive Plan in 2018; d.    Long Term Incentive Plan in 2018; e.    Long Term Incentive Plan in 2019; and f.     Deferred Annual Incentive Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 155,984 b. £2.1737 502,096 c. £2.1737 147,151 d. £2.1737 479,149 e. £2.1737 540,874 f. £2.1737 262,599
	Aggregated information -Aggregated volume -Price	2,087,853 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Group Deferred Bonus Plan in 2017; b.    Long Term Incentive Plan in 2017; c.     Group Deferred Bonus Plan in 2018; d.    Long Term Incentive Plan in 2018; e.    Restricted Stock Plan in 2018; f.     Group Deferred Bonus Plan in 2019; g.    Long Term Incentive Plan in 2019; and h.    Restricted Stock Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 5,547 b. £2.1737 187,831 c. £2.1737 32,869 d. £2.1737 194,128 e. £2.1737 4,954 f. £2.1737 41,101 g. £2.1737 698,037 h. £2.1737 23,314
	Aggregated information -Aggregated volume -Price	1,187,781 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    PruCap Deferred Bonus Plan in 2017; b.    Long Term Incentive Plan in 2017; c.     Long Term Incentive Plan in 2018; d.    Group Deferred Bonus Plan 2018;    e.    Restricted Stock Plan in 2018; f.     Group Deferred Bonus Plan in 2019; g.    Long Term Incentive Plan in 2019; and h.    Restricted Stock Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 438,013 b. £2.1737 48,578 c. £2.1737 434,707 d. £2.1737 359,824 e. £2.1737 4,954 f. £2.1737 109,627 g. £2.1737 529,274 h. £2.1737 23,314
	Aggregated information -Aggregated volume -Price	1,948,291 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Keith Davies
2	Reason for the notification
a)	Position/status	Chief Risk & Resilience 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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Group Deferred Bonus Plan in 2017; b.    Long Term Incentive Plan in 2017; c.     Group Deferred Bonus Plan in 2018; d.    Long Term Incentive Plan in 2018; e.    Restricted Stock Plan in 2018; f.     Group Deferred Bonus Plan in 2019; g.    Long Term Incentive Plan in 2019; and h.    Restricted Stock Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 22,428 b. £2.1737 121,949 c. £2.1737 4,457 d. £2.1737 136,295 e. £2.1737 11,892 f. £2.1737 27,396 g. £2.1737 453,906 h. £2.1737 59,732
	Aggregated information -Aggregated volume -Price	838,055 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Deferred Annual Incentive Plan in 2017; b.    Long Term Incentive Plan in 2017; c.     Deferred Annual Incentive Plan in 2018; d.    Long Term Incentive Plan in 2018; e.    Long Term Incentive Plan in 2019; and f.     Deferred Annual Incentive Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 224,694 b. £2.1737 845,305 c. £2.1737 211,949 d. £2.1737 806,513 e. £2.1737 1,097,061 f. £2.1737 216,679
	Aggregated information -Aggregated volume -Price	3,402,201 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Long Term Incentive Plan in 2017; b.    Group Deferred Bonus Plan in 2018; c.     Long Term Incentive Plan in 2018; d.    Group Deferred Bonus Plan in 2019; and e.    Long Term Incentive Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 147,928 b. £2.1737 29,884 c. £2.1737 154,886 d. £2.1737 35,922 e. £2.1737 182,726
	Aggregated information -Aggregated volume -Price	551,346 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Group Deferred Bonus Plan in 2017; b.    Group Deferred Bonus Plan in 2018; c.     Group Deferred Bonus Plan in 2019; and d.    Long Term Incentive Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 143,635 b. £2.1737 131,149 c. £2.1737 18,905 d. £2.1737 291,216
	Aggregated information -Aggregated volume -Price	584,905 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Group Deferred Bonus Plan in 2017; b.    Long Term Incentive Plan in 2017; c.     Group Deferred Bonus Plan in 2018; d.    Long Term Incentive Plan in 2018; e.    Restricted Stock Plan in 2018; f.     Group Deferred Bonus Plan in 2019; g.    Long Term Incentive Plan in 2019; and h.    Restricted Stock Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 6,890 b. £2.1737 143,635 c. £2.1737 26,694 d. £2.1737 134,230 e. £2.1737 4,954 f. £2.1737 27,396 g. £2.1737 440,194 h. £2.1737 23,314
	Aggregated information -Aggregated volume -Price	807,307 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Deferred Annual Incentive Plan in 2017; b.    Long Term Incentive Plan in 2017; c.     Deferred Annual Incentive Plan in 2018; d.    Long Term Incentive Plan in 2018; e.    Long Term Incentive Plan in 2019; and f.     Deferred Annual Incentive Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 124,989 b. £2.1737 401,314 c. £2.1737 112,476 d. £2.1737 383,308 e. £2.1737 433,066 f. £2.1737 194,154
	Aggregated information -Aggregated volume -Price	1,649,307 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

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	Replacement awards granted in respect of awards granted under the Prudential plc: a.    Long Term Incentive Plan in 2017; b.    Group Deferred Bonus Plan in 2018; c.     Long Term Incentive Plan in 2018; d.    Group Deferred Bonus Plan in 2019; and e.    Long Term Incentive Plan in 2019.
c)	Price(s) and volume(s)	item Price (s) Volume (s) a. £2.1737 154,907 b. £2.1737 31,042 c. £2.1737 154,886 d. £2.1737 36,985 e. £2.1737 308,349
	Aggregated information -Aggregated volume -Price	686,169 £2.1737
	Date of the transaction	2019-11-27
	Place of the transaction	LONDON
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	Share Incentive Plan - Free Share award
c)	Price(s) and volume(s)	Price (s) Volume (s) £2.1737 920
	Aggregated information -Aggregated volume -Price	920 £2.1737
	Date of the transaction	2019-11-28
	Place of the transaction	LONDON

LEI: 254900TWUJUQ44TQJY84

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

 

END

 

 

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