M&G PLC

Director's Dealing • Sep 21, 2022

National Storage Mechanism | Additional information

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 released under the Prudential Plans	Number of shares sold to cover tax 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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

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

-Price

108,827

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 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 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)
£1.9782	40,577
£1.9782	12,091

Aggregated information

-Aggregated volume

-Price

52,668

£1.9782

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

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

-Price

24,982

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 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 conditional awards under the Prudential Restricted Stock Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£1.9782	12,091

Aggregated information

-Aggregated volume

-Price

12,091

£1.9782

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

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

-Price

89,377

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 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 conditional awards under the Prudential Deferred Annual Incentive Plan

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£1.9782	43,255

Aggregated information

-Aggregated volume

-Price

43,255

£1.9782

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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