TIDMMNG

RNS Number : 9192B

M&G PLC

05 October 2022

M&G plc NEWS RELEASE

5 October 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 6.2 pence per share on 28 August 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 and 20 September 2022 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 4 October 2022. Shares were sold to cover the PDMRs' tax liabilities and sale costs and Ms. Bousfield, Mr. Daniels and Mr. Porter retained the balance of the shares. Mr. Grewal sold shares to cover his tax liabilities and sale costs and retained the balance as cash.

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, 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                 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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             GB00BKFB1C65 
     ------------------------------  ------------------------------------------------------------- 
 b)  Nature of the transaction                   a. Vesting of Dividend Equivalent Shares 
                                                  under the Prudential Restricted Stock Plan 
     ------------------------------  ------------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      Nil          870 
                                               -----------  ----------- 
     ------------------------------  ------------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            870 
 
          -Price                        Nil 
     ------------------------------  ------------------------------------------------------------- 
     Date of the transaction         2022-09-29 
     ------------------------------  ------------------------------------------------------------- 
     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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             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 Restricted Stock Plan 
     ------------------------------  ------------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      GBP1.7121    435 
                                               -----------  ----------- 
     ------------------------------  ------------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            435 
 
          -Price                        GBP1.7121 
     ------------------------------  ------------------------------------------------------------- 
     Date of the transaction         2022-10-04 
     ------------------------------  ------------------------------------------------------------- 
     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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             GB00BKFB1C65 
     ------------------------------  -------------------------------------------------------- 
 b)  Nature of the transaction                   a. Vesting of Dividend Equivalent Shares 
                                                  under the Prudential Long Term Incentive 
                                                  Plan 
                                                  b. Vesting of Dividend Equivalent Shares 
                                                  under the Prudential Restricted Stock Plan 
     ------------------------------  -------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      Nil          2,921 
                                               -----------  ----------- 
                                        b.      Nil          870 
                                               -----------  ----------- 
     ------------------------------  -------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume           3,791 
 
          -Price                       Nil 
     ------------------------------  -------------------------------------------------------- 
     Date of the transaction         2022-09-29 
     ------------------------------  -------------------------------------------------------- 
     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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             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 Long Term Incentive Plan 
                                            b. 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.      GBP1.7121    1,414 
                                               -----------  ----------- 
                                        b.      GBP1.7121    431 
                                               -----------  ----------- 
     ------------------------------  -------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            1,845 
 
          -Price                        GBP1.7121 
     ------------------------------  -------------------------------------------------------- 
     Date of the transaction         2022-10-04 
     ------------------------------  -------------------------------------------------------- 
     Place of the transaction        XLON 
     ------------------------------  -------------------------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities 
      / person closely associated 
 a)  Name                            Peter Grewal 
     ------------------------------  ----------------------------------------------- 
 2   Reason for the notification 
     ------------------------------------------------------------------------------- 
 a)  Position/status                 Chief Risk and Compliance 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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             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)            Item    Price (s)    Volume (s) 
                                        a.      Nil          165 
                                               -----------  ----------- 
     ------------------------------  ----------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume 
 
          -Price                       Nil 
     ------------------------------  ----------------------------------------------- 
     Date of the transaction         2022-09-29 
     ------------------------------  ----------------------------------------------- 
     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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             GB00BKFB1C65 
     ------------------------------  ----------------------------------------------- 
 b)  Nature of the transaction             a. Sale of shares arising on release of 
                                            Dividend Equivalent Shares under the M&G 
                                            Performance Share Plan 
     ------------------------------  ----------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      GBP1.7121    4,921 
                                               -----------  ----------- 
     ------------------------------  ----------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            4,921 
 
          -Price                        GBP1.7121 
     ------------------------------  ----------------------------------------------- 
     Date of the transaction         2022-10-04 
     ------------------------------  ----------------------------------------------- 
     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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             GB00BKFB1C65 
     ------------------------------  ----------------------------------------------------------- 
 b)  Nature of the transaction                   a. Vesting of Dividend Equivalent Shares 
                                                  under the Prudential Deferred Annual Incentive 
                                                  Plan 
     ------------------------------  ----------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      Nil          3,114 
                                               -----------  ----------- 
     ------------------------------  ----------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            3,114 
 
          -Price                        Nil 
     ------------------------------  ----------------------------------------------------------- 
     Date of the transaction         2022-09-29 
     ------------------------------  ----------------------------------------------------------- 
     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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             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 
     ------------------------------  ----------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      GBP1.7121    1,518 
                                               -----------  ----------- 
     ------------------------------  ----------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            1,518 
 
          -Price                        GBP1.7121 
     ------------------------------  ----------------------------------------------------------- 
     Date of the transaction         2022-10-04 
     ------------------------------  ----------------------------------------------------------- 
     Place of the transaction        XLON 
     ------------------------------  ----------------------------------------------------------- 
 

LEI: 254900TWUJUQ44TQJY84

Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.

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October 05, 2022 10:00 ET (14:00 GMT)

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