Last checked at 21 Sep 2022 15:30
M&G plc NEWS RELEASE21 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) |
| ||||||
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) |
| ||||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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.