Last checked at 6 May 2022 15:30
M&G plc NEWS RELEASE6 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
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c) | Price(s) and volume(s) |
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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
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c) | Price(s) and volume(s) |
| ||||||||||||
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
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c) | Price(s) and volume(s) |
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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) |
| ||||||||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| |||||||||
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) |
| |||||||||
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.