TIDMMNG

RNS Number : 8410Y

M&G PLC

09 May 2023

M&G plc NEWS RELEASE

9 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              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 Deferred Incentive Plan 
     ------------------------------  ------------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      Nil          12,012 
                                               -----------  ----------- 
     ------------------------------  ------------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            12,012 
 
          -Price                        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              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 
                                                  M&G Deferred Incentive Plan 
     ------------------------------  ------------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      GBP2.0131    5,663 
                                               -----------  ----------- 
     ------------------------------  ------------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            5,663 
 
          -Price                        GBP2.0131 
     ------------------------------  ------------------------------------------------------------- 
     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              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          5,896 
                                               -----------  ----------- 
     ------------------------------  ------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume           5,896 
 
          -Price                       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              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 
                                            M&G Deferred Incentive Plan 
     ------------------------------  ------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      GBP2.0131    2,780 
                                               -----------  ----------- 
     ------------------------------  ------------------------------------------------------- 
 
         Aggregated information 
 
          -Aggregated volume            2,780 
 
          -Price                        GBP2.0131 
     ------------------------------  ------------------------------------------------------- 
     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              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 Deferred Incentive Plan 
     ------------------------------  ------------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      Nil          7,134 
                                               -----------  ----------- 
     ------------------------------  ------------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            7,134 
 
          -Price                        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              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 
                                                  M&G Deferred Incentive Plan 
     ------------------------------  ------------------------------------------------------------- 
 c)  Price(s) and volume(s)            Item    Price (s)    Volume (s) 
                                        a.      GBP2.0131    3,366 
                                               -----------  ----------- 
     ------------------------------  ------------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            3,366 
 
          -Price                        GBP2.0131 
     ------------------------------  ------------------------------------------------------------- 
     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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May 09, 2023 11:30 ET (15:30 GMT)

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