TIDMMNG

RNS Number : 1909A

M&G PLC

21 September 2022

M&G plc NEWS RELEASE

21 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      Number of shares 
                      released under the    sold to cover tax 
                      Prudential Plans      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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             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)            Price (s)    Volume (s) 
                                        Nil          83,845 
                                                    ----------- 
                                        Nil          24,982 
                                                    ----------- 
     ------------------------------  -------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            108,827 
 
          -Price                        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              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 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)            Price (s)    Volume (s) 
                                        GBP1.9782    40,577 
                                                    ----------- 
                                        GBP1.9782    12,091 
                                                    ----------- 
     ------------------------------  -------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            52,668 
 
          -Price                        GBP1.9782 
     ------------------------------  -------------------------------------------------------- 
     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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             GB00BKFB1C65 
     ------------------------------  ------------------------------------------------------- 
 b)  Nature of the transaction                   a. Vesting of conditional awards under 
                                                  the Prudential Restricted Stock Plan 
     ------------------------------  ------------------------------------------------------- 
 c)  Price(s) and volume(s)            Price (s)    Volume (s) 
                                        Nil          24,982 
                                                    ----------- 
     ------------------------------  ------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            24,982 
 
          -Price                        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              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 conditional awards under the Prudential 
                                            Restricted Stock Plan 
     ------------------------------  ------------------------------------------------------- 
 c)  Price(s) and volume(s)            Price (s)    Volume (s) 
                                        GBP1.9782    12,091 
                                                    ----------- 
     ------------------------------  ------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            12,091 
 
          -Price                        GBP1.9782 
     ------------------------------  ------------------------------------------------------- 
     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              Ordinary shares of 5 pence each 
      financial instrument, 
      type of instrument 
 
      Identification code             GB00BKFB1C65 
     ------------------------------  ------------------------------------------------------- 
 b)  Nature of the transaction                   b. Vesting of conditional awards under 
                                                  Prudential Deferred Annual Incentive Plan 
     ------------------------------  ------------------------------------------------------- 
 c)  Price(s) and volume(s)            Price (s)    Volume (s) 
                                        Nil          89,377 
                                                    ----------- 
     ------------------------------  ------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            89,377 
 
          -Price                        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              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 conditional awards under the Prudential 
                                            Deferred Annual Incentive Plan 
     ------------------------------  ------------------------------------------------------- 
 c)  Price(s) and volume(s)            Price (s)    Volume (s) 
                                        GBP1.9782    43,255 
                                                    ----------- 
     ------------------------------  ------------------------------------------------------- 
         Aggregated information 
 
          -Aggregated volume            43,255 
 
          -Price                        GBP1.9782 
     ------------------------------  ------------------------------------------------------- 
     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.

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