Director/PDMR Shareholding

RNS Number : 9192B

M&G PLC

05 October 2022

 

M&G plc NEWS RELEASE
5 October 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 6.2 pence per share on 28 August 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 and 20 September 2022 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 4 October 2022. Shares were sold to cover the PDMRs' tax liabilities and sale costs and Ms. Bousfield, Mr. Daniels and Mr. Porter retained the balance of the shares. Mr. Grewal sold shares to cover his tax liabilities and sale costs and retained the balance as cash.

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

George Bayer, Deputy Company Secretary - PLC and Governance - 020 8162 2655

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 Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 870
	Aggregated information -Aggregated volume -Price	870 Nil
	Date of the transaction	2022-09-29
	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 Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.7121 435
	Aggregated information -Aggregated volume -Price	435 £1.7121
	Date of the transaction	2022-10-04
	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 Long Term Incentive Plan b.  Vesting of Dividend Equivalent Shares under the Prudential Restricted Stock Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 2,921 b. Nil 870
	Aggregated information -Aggregated volume -Price	3,791 Nil
	Date of the transaction	2022-09-29
	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 Long Term Incentive Plan b.  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. £1.7121 1,414 b. £1.7121 431
	Aggregated information -Aggregated volume -Price	1,845 £1.7121
	Date of the transaction	2022-10-04
	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Grewal
2	Reason for the notification
a)	Position/status	Chief Risk and Compliance 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 M&G Performance Share Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 165
	Aggregated information -Aggregated volume -Price	Nil
	Date of the transaction	2022-09-29
	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 arising on release of Dividend Equivalent Shares under the M&G Performance Share Plan
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.7121 4,921
	Aggregated information -Aggregated volume -Price	4,921 £1.7121
	Date of the transaction	2022-10-04
	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
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. Nil 3,114
	Aggregated information -Aggregated volume -Price	3,114 Nil
	Date of the transaction	2022-09-29
	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
c)	Price(s) and volume(s)	Item Price (s) Volume (s) a. £1.7121 1,518
	Aggregated information -Aggregated volume -Price	1,518 £1.7121
	Date of the transaction	2022-10-04
	Place of the transaction	XLON

LEI: 254900TWUJUQ44TQJY84

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

 

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