M&G PLC

Director's Dealing • May 6, 2022

National Storage Mechanism | Additional information

RNS Number : 6647K

M&G PLC

06 May 2022

M&G plc NEWS RELEASE

6 May 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 12.2 pence per share on 28 April 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 (the 'Dividend Equivalent Shares'). These Dividend Equivalent Shares were released on 5 May 2022. Shares were sold to cover the PDMRs' tax liabilities and sale costs and the PDMRs retained the balance of the shares.

Alan Porter transferred 103,788 shares to Manuela Porter, for nil consideration, on 4 May 2022.

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

Penny Woodcock, Deputy Company Secretary - PLC and Governance - 020 8162 3112

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 Group Deferred Bonus Plan

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

c.     Vesting of Dividend Equivalent Shares under the Prudential Restricted Stock Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	2,986
b.	Nil	41,072
c.	Nil	331

Aggregated information

-Aggregated volume

-Price

44,389

Nil

Date of the transaction

2022-05-05

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 Prudential Long Term Incentive Plan

c.     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.	£2.1475	1,446
b.	£2.1475	19,877
c.	£2.1475	161

Aggregated information

-Aggregated volume

-Price

21,484

£2.1475

Date of the transaction

2022-05-05

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.     Vesting of Dividend Equivalent Shares under the Prudential Restricted Stock Plan

c)

Price(s) and volume(s)

Item	Price (s)	Volume (s)
a.	Nil	7,964
b.	Nil	11,308
c.	Nil	331

Aggregated information

-Aggregated volume

-Price

19,603

Nil

Date of the transaction

2022-05-05

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.     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.	£2.1475	3,755
b.	£2.1475	5,331
c.	£2.1475	157

Aggregated information

-Aggregated volume

-Price

9,243

£2.1475

Date of the transaction

2022-05-05

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	15,742
b.	Nil	34,784

Aggregated information

-Aggregated volume

-Price

50,526

Nil

Date of the transaction

2022-05-05

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.	£2.1475	7,422
b.	£2.1475	16,398

Aggregated information

-Aggregated volume

-Price

23,820

£2.1475

Date of the transaction

2022-05-05

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	2,609
b.	Nil	5,482

Aggregated information

-Aggregated volume

-Price

8,091

Nil

Date of the transaction

2022-05-05

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.	£2.1475	1,257
b.	£2.1475	2,640

Aggregated information

-Aggregated volume

-Price

3,897

£2.1475

Date of the transaction

2022-05-05

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	9,231
b.	Nil	16,549

Aggregated information

-Aggregated volume

-Price

25,780

Nil

Date of the transaction

2022-05-05

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.	£2.1475	4,352
b.	£2.1475	7,802

Aggregated information

-Aggregated volume

-Price

12,154

£2.1475

Date of the transaction

2022-05-05

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

Transfer of shares to Manuela Porter for nil consideration

c)

Price(s) and volume(s)

Price (s)	Volume (s)
Nil	103,778

d)

Aggregated information

-Aggregated volume

-Price

103,778

Nil

e)

Date of the transaction

2022-05-04

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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