Director/PDMR Shareholding

RNS Number : 1909A
M&G PLC
21 September 2022
 

M&G plc NEWS RELEASE
21 September 2022

M&G plc

Notification of transaction by Person Discharging Managerial Responsibilities ('PDMR')

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

M&G plc (the 'Company') announces that on 20 September 2022, shares that vested on 19 September 2022 were released to the below PDMRs in accordance with the replacement awards granted under the Prudential Plans on 19 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

Jonathan Daniels

108,827

52,668

Clare Bousfield

24,982

12,091

Alan Porter

89,377

43,255

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, Senior Assistant Company Sectary - 020 8162 2655

 

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 a conditional award under the Prudential Long Term Incentive Plan

b.  Vesting of conditional awards under the Prudential Restricted Stock Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

83,845

Nil

24,982


Aggregated information

 

-Aggregated volume

 

-Price

 

 

108,827

 

Nil


Date of the transaction

2022-09-19


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 a conditional award under the Prudential Long Term Incentive 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)

Price (s)

Volume (s)

£1.9782

40,577

£1.9782

12,091


Aggregated information

 

-Aggregated volume

 

-Price

 

 

52,668

 

£1.9782


Date of the transaction

2022-09-20


Place of the transaction

XLON

 

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 conditional awards under the Prudential Restricted Stock Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

24,982


Aggregated information

 

-Aggregated volume

 

-Price

 

 

24,982

 

Nil


Date of the transaction

2022-09-19


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 Restricted Stock Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

£1.9782

12,091


Aggregated information

 

-Aggregated volume

 

-Price

 

 

12,091

 

£1.9782


Date of the transaction

2022-09-20


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

b.  Vesting of conditional awards under Prudential Deferred Annual Incentive Plan

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

89,377


Aggregated information

 

-Aggregated volume

 

-Price

 

 

89,377

 

Nil


Date of the transaction

2022-09-19


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

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

£1.9782

43,255


Aggregated information

 

-Aggregated volume

 

-Price

 

 

43,255

 

£1.9782


Date of the transaction

2022-09-20


Place of the transaction

XLON

 

LEI: 254900TWUJUQ44TQJY84

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSELFDFEESELU

Companies

M&G (MNG)
UK 100

Latest directors dealings