Director/PDMR Shareholding

RNS Number : 5059H

M&G PLC

06 April 2022

 

M&G plc NEWS RELEASE
6 April 2022

M&G plc

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

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

M&G plc (the 'Company') announces that on 4 April 2022, shares that vested on 2 April 2022 were released to the below PDMRs in accordance with the replacement awards granted under the Prudential Plans on 2 April 2019 and 20 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
Clare Bousfield	57,505	27,110
Jonathan Daniels	339,854	160,214
John Foley	875,936	412,930
David Macmillan	140,291	67,543
Alan Porter	446,940	210,695

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 nil-cost conditional awards under the Prudential Group Deferred Bonus Plan b.  Vesting of nil-cost conditional awards under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 51,766 b. Nil 5,739
	Aggregated information -Aggregated volume -Price	57,505 Nil
	Date of the transaction	2022-04-02
	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 Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £2.1668 24,404 b. £2.1668 2,706
	Aggregated information -Aggregated volume -Price	27,110 £2.1668
	Date of the transaction	2022-04-04
	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 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.  Vesting of nil-cost conditional awards under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 138,074 b. Nil 196,041 c. Nil 5,739
	Aggregated information -Aggregated volume -Price	339,854 Nil
	Date of the transaction	2022-04-02
	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.  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)	Item Price (s) Volume (s) a. £2.1668 65,091 b. £2.1668 92,417 c. £2.1668 2,706
	Aggregated information -Aggregated volume -Price	160,214 £2.1668
	Date of the transaction	2022-04-04
	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 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 272,909 b. Nil 603,027
	Aggregated information -Aggregated volume -Price	875,936 Nil
	Date of the transaction	2022-04-02
	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. £2.1668 128,654 b. £2.1668 284,276
	Aggregated information -Aggregated volume -Price	412,930 £2.1668
	Date of the transaction	2022-04-04
	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 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 45,242 b. Nil 95,049
	Aggregated information -Aggregated volume -Price	140,291 Nil
	Date of the transaction	2022-04-02
	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. £2.1668 21,782 b. £2.1668 45,761
	Aggregated information -Aggregated volume -Price	67,543 £2.1668
	Date of the transaction	2022-04-04
	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 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 160,033 b. Nil 286,907
	Aggregated information -Aggregated volume -Price	446,940 Nil
	Date of the transaction	2022-04-02
	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. £2.1668 75,442 b. £2.1668 135,253
	Aggregated information -Aggregated volume -Price	210,695 £2.1668
	Date of the transaction	2022-04-04
	Place of the transaction	XLON

LEI: 254900TWUJUQ44TQJY84

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

 

END

 

 

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