Source - LSE Regulatory
RNS Number : 6647K
M&G PLC
06 May 2022
 

M&G plc NEWS RELEASE
6 May 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 12.2 pence per share on 28 April 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 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 5 May 2022. Shares were sold to cover the PDMRs' tax liabilities and sale costs and the PDMRs retained the balance of the shares.

Alan Porter transferred 103,788 shares to Manuela Porter, for nil consideration, on 4 May 2022.

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 Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan

b.    Vesting of Dividend Equivalent Shares under Prudential Long Term Incentive Plan

c.     Vesting of Dividend Equivalent Shares under the Prudential Restricted Stock Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

2,986

b.

Nil

41,072

c.

Nil

331


Aggregated information

 

-Aggregated volume

 

-Price

 

 

44,389

 

Nil


Date of the transaction

2022-05-05


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 Group Deferred Bonus Plan

b.    Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under Prudential Long Term Incentive Plan

c.     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.

£2.1475

1,446

b.

£2.1475

19,877

c.

£2.1475

161


Aggregated information

 

-Aggregated volume

 

-Price

 

 

21,484

 

£2.1475


Date of the transaction

2022-05-05


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 Group Deferred Bonus Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

c.     Vesting of Dividend Equivalent Shares under the Prudential Restricted Stock Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

7,964

b.

Nil

11,308

c.

Nil

331

 

 


Aggregated information

 

-Aggregated volume

 

-Price

 

 

19,603

 

Nil


Date of the transaction

2022-05-05


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 Group Deferred Bonus Plan

b.    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

c.     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.

£2.1475

3,755

b.

£2.1475

5,331

c.

£2.1475

157


Aggregated information

 

-Aggregated volume

 

-Price

 

 

9,243

 

£2.1475


Date of the transaction

2022-05-05


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 Dividend Equivalent Shares under the Prudential Deferred Annual Incentive Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

15,742

b.

Nil

34,784


Aggregated information

 

-Aggregated volume

 

-Price

 

 

50,526

 

Nil


Date of the transaction

2022-05-05


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

b.    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

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£2.1475

7,422

b.

£2.1475

16,398


Aggregated information

 

-Aggregated volume

 

-Price

 

 

23,820

 

£2.1475


Date of the transaction

2022-05-05


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 Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

2,609

b.

Nil

5,482


Aggregated information

 

-Aggregated volume

 

-Price

 

 

8,091

 

Nil


Date of the transaction

2022-05-05


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 Group Deferred Bonus Plan

b.    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

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£2.1475

1,257

b.

£2.1475

2,640


Aggregated information

 

-Aggregated volume

 

-Price

 

 

3,897

 

£2.1475


Date of the transaction

2022-05-05


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

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

Nil

9,231

b.

Nil

16,549


Aggregated information

 

-Aggregated volume

 

-Price

 

 

25,780

 

Nil


Date of the transaction

2022-05-05


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

b.    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

 

c)

Price(s) and volume(s)

Item

Price (s)

Volume (s)

a.

£2.1475

4,352

b.

£2.1475

7,802


Aggregated information

 

-Aggregated volume

 

-Price

 

 

12,154

 

£2.1475


Date of the transaction

2022-05-05


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

Transfer of shares to Manuela Porter for nil consideration

 

c)

Price(s) and volume(s)

Price (s)

Volume (s)

Nil

103,778

d)

Aggregated information

 

-Aggregated volume

 

-Price

 

 

103,778

 

Nil

e)

Date of the transaction

2022-05-04

f)

Place of the transaction

Outside a trading venue

 

 

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
 
 
DSHSSWFLMEESEFI
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

M&G PLC (MNG)

-14.30p (-6.09%)
delayed 18:45PM