M&G PLC

Director's Dealing • May 5, 2021

National Storage Mechanism | Additional information

RNS Number : 6114X

M&G PLC

05 May 2021

M&G plc NEWS RELEASE

5 May 2021

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 12.23 pence per share on 28 April 2021 (the 'Dividend'), certain PDMRs acquired shares in the Company following the reinvestment of their Dividend with regards to the shares released to them on 31 March 2021 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 4 May 2021. Shares were sold to cover the PDMRs' tax liabilities and sale costs and the PDMRs retained the balance of the shares.

Alan Porter transferred 37,594 shares to his spouse, Manuela Porter, a Person Closely Associated to Mr. Porter, for nil consideration on 4 May 2021. Shares were sold by Mr. Porter to cover the administration fee associated with this transaction.

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

Helen Archbold, Head of Secretariat - 020 8162 0057

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Julian Adams

2

Reason for the notification

a)

Position/status

Director, Public Policy and Regulation

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 Prudential Deferred Annual Incentive Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	9,838
b.	Nil	14,864

Aggregated information

-Aggregated volume

-Price

24,702

Nil

Date of the transaction

2021-05-04

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 Prudential Deferred Annual Incentive Plan

b.    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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.154	4,638
b.	£2.154	7,008

Aggregated information

-Aggregated volume

-Price

11,646

£2.154

Date of the transaction

2021-05-04

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

Chief Financial 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 Prudential Group Deferred Bonus Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	2,197
b.	Nil	10,695

Aggregated information

-Aggregated volume

-Price

12,892

Nil

Date of the transaction

2021-05-04

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 Prudential Group Deferred Bonus Plan

b.    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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.154	1,036
b.	£2.154	5,042

Aggregated information

-Aggregated volume

-Price

6,078

£2.154

Date of the transaction

2021-05-04

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 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 Prudential Group Deferred Bonus Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	24,058
b.	Nil	22,059

Aggregated information

-Aggregated volume

-Price

46,117

Nil

Date of the transaction

2021-05-04

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 Prudential Group Deferred Bonus Plan

b.    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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.154	11,342
b.	£2.154	10,400

Aggregated information

-Aggregated volume

-Price

21,742

£2.154

Date of the transaction

2021-05-04

Place of the transaction

XLON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Foley

2

Reason for the notification

a)

Position/status

Chief Executive 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 Prudential Deferred Annual Incentive Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	14,171
b.	Nil	32,139

Aggregated information

-Aggregated volume

-Price

46,310

Nil

Date of the transaction

2021-05-04

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 Prudential Deferred Annual Incentive Plan

b.    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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.154	6,681
b.	£2.154	15,151

Aggregated information

-Aggregated volume

-Price

21,832

£2.154

Date of the transaction

2021-05-04

Place of the transaction

XLON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Macmillan 

2

Reason for the notification

a)

Position/status

Chief Customer & Distribution 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 Prudential Group Deferred Bonus Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	1,998
b.	Nil	8,533

Aggregated information

-Aggregated volume

-Price

10,531

Nil

Date of the transaction

2021-05-04

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 Prudential Group Deferred Bonus Plan

b.    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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.154	962
b.	£2.154	4,109

Aggregated information

-Aggregated volume

-Price

5,071

£2.154

Date of the transaction

2021-05-04

Place of the transaction

XLON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Graham Mason 

2

Reason for the notification

a)

Position/status

Chief International 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

Vesting of Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
Nil	8,768

Aggregated information

-Aggregated volume

-Price

8,768

Nil

Date of the transaction

2021-05-04

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

Sale of shares to cover applicable withholding tax and other deductions arising on release of Dividend Equivalent Shares under the Prudential Group Deferred Bonus Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.154	4,134

Aggregated information

-Aggregated volume

-Price

4,134

£2.154

Date of the transaction

2021-05-04

Place of the transaction

XLON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Irene McDermott Brown

2

Reason for the notification

a)

Position/status

Chief Human Resources 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 Prudential Group Deferred Bonus Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	1,784
b.	Nil	6,811

Aggregated information

-Aggregated volume

-Price

8,595

Nil

Date of the transaction

2021-05-04

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 Prudential Group Deferred Bonus Plan

b.    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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.154	841
b.	£2.154	3,211

Aggregated information

-Aggregated volume

-Price

4,052

£2.154

Date of the transaction

2021-05-04

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 Prudential Deferred Annual Incentive Plan

b.    Vesting of Dividend Equivalent Shares under the Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	7,520
b.	Nil	17,068

Aggregated information

-Aggregated volume

-Price

24,588

Nil

Date of the transaction

2021-05-04

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 Prudential Deferred Annual Incentive Plan

b.    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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.154	3,546
b.	£2.154	8,047

Aggregated information

-Aggregated volume

-Price

11,593

£2.154

Date of the transaction

2021-05-04

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

Transfer of shares to spouse, Manuela Porter, for nil consideration

c)

Price(s) and volume(s)

Price (s)	Volume (s)
Nil	37,594

d)

Aggregated information

-Aggregated volume

-Price

37,594

Nil

e)

Date of the transaction

2021-05-04

f)

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

Sale of shares to cover transfer fees

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.144	12

d)

Aggregated information

-Aggregated volume

-Price

12

£2.144

e)

Date of the transaction

2021-05-04

f)

Place of the transaction

XLON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Manuela Porter

2

Reason for the notification

a)

Position/status

Person Closely Associated to Alan Porter, 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

Transfer of shares from spouse, Alan Porter, for nil consideration

c)

Price(s) and volume(s)

Price (s)	Volume (s)
Nil	37,594

d)

Aggregated information

-Aggregated volume

-Price

37,594

Nil

e)

Date of the transaction

2021-05-04

f)

Place of the transaction

Outside a trading venue

LEI: 254900TWUJUQ44TQJY84

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

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