M&G PLC

Director's Dealing • Sep 30, 2021

National Storage Mechanism | Additional information

RNS Number : 6166N

M&G PLC

30 September 2021

M&G plc NEWS RELEASE

30 September 2021

M&G plc

Notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs)

M&G plc (the 'Company') announces the below changes to the interests of certain PDMRs.

Following the payment of an interim dividend of 6.1 pence per share on 29 September 2021, certain PDMRs acquired shares in the Company following the reinvestment of dividends as an automatic part of their participation in the M&G Share Incentive Plan.

In addition, dividend equivalents also accrued on awards made to PDMRs under deferred incentive plans and long term incentive plans. These dividend equivalents are subject to the same terms (including the vesting date, and where applicable, performance conditions and holding period) as the original award.

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	112

d)

Aggregated information

-Aggregated volume

-Price

112

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c.     Prudential Annual Incentive Plan

d.    Prudential Long Term Incentive Plan 

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	6,106
b.	£2.051	23,312
c.	£2.051	9,552
d.	£2.051	19,675

d)

Aggregated information

-Aggregated volume

-Price

58,645

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	112

d)

Aggregated information

-Aggregated volume

-Price

112

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c.     Prudential Group Deferred Bonus Plan 

d.    Prudential Long Term Incentive Plan 

e.    Prudential Restricted Stock Plan 

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	10,113
b.	£2.051	58,281
c.	£2.051	1,495
d.	£2.051	25,392
e.	£2.051	1,027

d)

Aggregated information

-Aggregated volume

-Price

96,308

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	112

d)

Aggregated information

-Aggregated volume

-Price

112

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c.     Prudential Group Deferred Bonus Plan 

d.    Prudential Long Term Incentive Plan 

e.    Prudential Restricted Stock Plan 

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	11,664
b.	£2.051	38,854
c.	£2.051	3,987
d.	£2.051	19,252
e.	£2.051	1,027

d)

Aggregated information

-Aggregated volume

-Price

74,784

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	33

d)

Aggregated information

-Aggregated volume

-Price

33

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c.     Prudential Annual Incentive Plan

d.    Prudential Long Term Incentive Plan 

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	27,152
b.	£2.051	113,692
c.	£2.051	7,882
d.	£2.051	39,908

d)

Aggregated information

-Aggregated volume

-Price

188,634

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Grewal

2

Reason for the notification

a)

Position/status

Group Chief Risk & Resilience 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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	2,153
b.	£2.051	14,086

d)

Aggregated information

-Aggregated volume

-Price

16,239

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Matt Howells

2

Reason for the notification

a)

Position/status

Chief of Staff  

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	45

d)

Aggregated information

-Aggregated volume

-Price

45

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the M&G Performance Share Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.051	9,406

d)

Aggregated information

-Aggregated volume

-Price

9,406

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	33

d)

Aggregated information

-Aggregated volume

-Price

33

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c.     Prudential Group Deferred Bonus Plan

d.    Prudential Long Term Incentive Plan 

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	4,528
b.	£2.051	33,555
c.	£2.051	1,306
d.	£2.051	6,647

d)

Aggregated information

-Aggregated volume

-Price

46,036

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	33

d)

Aggregated information

-Aggregated volume

-Price

33

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c.     Prudential Group Deferred Bonus Plan

d.    Prudential Long Term Incentive Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	4,017
b.	£2.051	30,023
c.	£2.051	687
d.	£2.051	10,593

d)

Aggregated information

-Aggregated volume

-Price

45,320

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	33

d)

Aggregated information

-Aggregated volume

-Price

33

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c.     Prudential Group Deferred Bonus Plan

d.    Prudential Long Term Incentive Plan 

e.    Prudential Restricted Stock Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	4,460
b.	£2.051	29,670
c.	£2.051	996
d.	£2.051	16,012
e.	£2.051	1,027

d)

Aggregated information

-Aggregated volume

-Price

52,165

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

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 & 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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	112

d)

Aggregated information

-Aggregated volume

-Price

112

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the following plans:

a.    M&G Deferred Incentive Plan

b.    M&G Performance Share Plan

c.     Prudential Annual Incentive Plan

d.    Prudential Long Term Incentive Plan 

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	£2.051	5,465
b.	£2.051	37,088
c.	£2.051	7,062
d.	£2.051	15,754

d)

Aggregated information

-Aggregated volume

-Price

65,369

£2.051

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Catherine Ross

2

Reason for the notification

a)

Position/status

Culture Lead  and Co-Head Private Credit

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

Acquisition of shares through reinvested dividends under the M&G Share Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.0368	33

d)

Aggregated information

-Aggregated volume

-Price

33

£2.0368

e)

Date of the transaction

2021-09-29

f)

Place of the transaction

XLON

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

Accrual of dividend equivalents in respect of awards under the M&G Deferred Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.051	3,200

d)

Aggregated information

-Aggregated volume

-Price

3,200

£2.051

e)

Date of the transaction

2021-09-29

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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