M&G PLC Director/PDMR Shareholding (1909A)
September 21 2022 - 10:30AM
UK Regulatory
TIDMMNG
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 Number of shares
released under the sold to cover tax
Prudential Plans 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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code 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 108,827
-Price 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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code 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)
GBP1.9782 40,577
-----------
GBP1.9782 12,091
-----------
------------------------------ --------------------------------------------------------
Aggregated information
-Aggregated volume 52,668
-Price GBP1.9782
------------------------------ --------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code 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 24,982
-Price 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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code 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)
GBP1.9782 12,091
-----------
------------------------------ -------------------------------------------------------
Aggregated information
-Aggregated volume 12,091
-Price GBP1.9782
------------------------------ -------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code 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 89,377
-Price 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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code 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)
GBP1.9782 43,255
-----------
------------------------------ -------------------------------------------------------
Aggregated information
-Aggregated volume 43,255
-Price GBP1.9782
------------------------------ -------------------------------------------------------
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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