Last checked at 5 May 2021 10:00
M&G plc NEWS RELEASE5 May 2021
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 12.23 pence per share on 28 April 2021 (the 'Dividend'), certain PDMRs acquired shares in the Company following the reinvestment of their Dividend with regards to the shares released to them on 31 March 2021 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 4 May 2021. Shares were sold to cover the PDMRs' tax liabilities and sale costs and the PDMRs retained the balance of the shares.
Alan Porter transferred 37,594 shares to his spouse, Manuela Porter, a Person Closely Associated to Mr. Porter, for nil consideration on 4 May 2021. Shares were sold by Mr. Porter to cover the administration fee associated with this transaction.
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
Helen Archbold, Head of Secretariat - 020 8162 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 | 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
24,702
Nil | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
11,646
£2.154 | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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 | 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 | 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
12,892
Nil | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
6,078
£2.154 | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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 Group Deferred Bonus Plan b. Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
| |||||||||
c) | Price(s) and volume(s) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
46,117
Nil | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
21,742
£2.154 | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
46,310
Nil | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
21,832
£2.154 | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
10,531
Nil | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
5,071
£2.154 | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| Place of the transaction | XLON | |||||||||
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 | Vesting of Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
| Aggregated information
-Aggregated volume
-Price |
8,768
Nil | ||||
| Date of the transaction | 2021-05-04 | ||||
| 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 | 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
| ||||
c) | Price(s) and volume(s) |
| ||||
| Aggregated information
-Aggregated volume
-Price |
4,134
£2.154 | ||||
| Date of the transaction | 2021-05-04 | ||||
| Place of the transaction | XLON | ||||
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 | 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
8,595
Nil | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
4,052
£2.154 | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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 b. Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan
| |||||||||
c) | Price(s) and volume(s) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
24,588
Nil | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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) |
| |||||||||
| Aggregated information
-Aggregated volume
-Price |
11,593
£2.154 | |||||||||
| Date of the transaction | 2021-05-04 | |||||||||
| 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 | Transfer of shares to spouse, Manuela Porter, for nil consideration
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
37,594 Nil | ||||
e) | Date of the transaction | 2021-05-04 | ||||
f) | 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 | Sale of shares to cover transfer fees
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
12
£2.144 | ||||
e) | Date of the transaction | 2021-05-04 | ||||
f) | Place of the transaction | XLON | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Manuela Porter | ||||
2 | Reason for the notification | |||||
a) | Position/status | Person Closely Associated to Alan Porter, 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 | Transfer of shares from spouse, Alan Porter, for nil consideration
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
-Aggregated volume
-Price |
37,594
Nil | ||||
e) | Date of the transaction | 2021-05-04 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.