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9 May 2023 16:30
M&G plc NEWS RELEASE9 May 2023
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 13.4 pence per share on 27 April 2023 (the 'Dividend'), certain PDMRs acquired shares in the Company following the reinvestment of their Dividend with regards to the shares released to them on 3 April 2023 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 4 May 2023. Shares were sold to cover the PDMRs' tax liabilities and sale costs and the PDMRs retained the balance of the shares.
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
Contact
Alan Porter, Group General Counsel and Company Secretary - 020 8162 4064
George Bayer, Deputy Company Secretary - PLC and Governance - 020 8162 2655
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Clare Bousfield | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Executive Officer, Retail & 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 M&G Deferred Incentive Plan
| ||||||
c) | Price(s) and volume(s) |
| ||||||
Aggregated information
-Aggregated volume
-Price |
12,012
Nil | |||||||
Date of the transaction | 2023-05-04 | |||||||
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 M&G Deferred Incentive Plan
| ||||||
c) | Price(s) and volume(s) |
| ||||||
Aggregated information
-Aggregated volume
-Price |
5,663
£2.0131 | |||||||
Date of the transaction | 2023-05-04 | |||||||
Place of the transaction | XLON | |||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Matthew Howells | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief People 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 M&G Performance Share Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
Aggregated information
-Aggregated volume
-Price |
5,896
Nil | |||||||
Date of the transaction | 2023-05-04 | |||||||
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 M&G Deferred Incentive Plan
| ||||||
c) | Price(s) and volume(s) |
| ||||||
Aggregated information
-Aggregated volume
-Price |
2,780
£2.0131 | |||||||
Date of the transaction | 2023-05-04 | |||||||
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 M&G Deferred Incentive Plan
| ||||||
c) | Price(s) and volume(s) |
| ||||||
Aggregated information
-Aggregated volume
-Price |
7,134
Nil | |||||||
Date of the transaction | 2023-05-04 | |||||||
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 M&G Deferred Incentive Plan
| ||||||
c) | Price(s) and volume(s) |
| ||||||
Aggregated information
-Aggregated volume
-Price |
3,366
£2.0131 | |||||||
Date of the transaction | 2023-05-04 | |||||||
Place of the transaction | XLON | |||||||
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
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