M&G PLC

Director's Dealing • Oct 5, 2022

National Storage Mechanism | Additional information

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 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 Restricted Stock Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	870

Aggregated information

-Aggregated volume

-Price

870

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 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 Restricted Stock Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£1.7121	435

Aggregated information

-Aggregated volume

-Price

435

£1.7121

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 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 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

-Price

3,791

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 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 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.	£1.7121	1,414
b.	£1.7121	431

Aggregated information

-Aggregated volume

-Price

1,845

£1.7121

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 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)

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

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.	£1.7121	4,921

Aggregated information

-Aggregated volume

-Price

4,921

£1.7121

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 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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	3,114

Aggregated information

-Aggregated volume

-Price

3,114

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 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

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£1.7121	1,518

Aggregated information

-Aggregated volume

-Price

1,518

£1.7121

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFSWFEIEESEIS