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| Date | 1 Oct 2021 |
| Time | 15:00:02 |
| Category | Director/PDMR dealings |
| ID | 7892N |
M&G plc NEWS RELEASE
1 October 2021
M&G plc
Notification of transaction by Person Discharging Managerial Responsibilities (PDMR)
M&G plc announces the below changes to the interests of certain PDMRs.
On 30 September 2021, options were granted to one PDMR under the M&G plc November 2021 Sharesave Plan with an exercise price of £1.64. The Sharesave options granted have a contract start date of 1 November 2021 and are exercisable from 1 November 2024 to 30 April 2025.
On 1 October 2021, M&G plc shares ("Shares") were released to certain PDMRs in accordance with the replacement award granted to them under the Prudential Restricted Stock Plan on 27 November 2019. Shares were sold to cover the PDMRs' tax liabilities and sales costs and the PDMRs retained the balance of the Shares.
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 |
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
|
||||
|
b) |
Nature of the transaction |
Vesting of shares under the Prudential Restricted Stock Plan |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
|
Aggregated information
-Aggregated volume
-Price |
6,238
Nil |
||||
|
|
Date of the transaction |
2021-10-01 |
||||
|
|
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
|
||||
|
b) |
Nature of the transaction |
Sale of shares under the Prudential Restricted Stock Plan to cover applicable withholding tax and other deductions
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
|
Aggregated information
-Aggregated volume
-Price |
2,945
£2.006 |
||||
|
|
Date of the transaction |
2021-10-01 |
||||
|
|
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
|
||||
|
b) |
Nature of the transaction |
Vesting of shares under the Prudential Restricted Stock Plan |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
|
Aggregated information
-Aggregated volume
-Price |
6,238
Nil |
||||
|
|
Date of the transaction |
2021-10-01 |
||||
|
|
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
|
||||
|
b) |
Nature of the transaction |
Sale of shares under the Prudential Restricted Stock Plan to cover applicable withholding tax and other deductions
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
|
Aggregated information
-Aggregated volume
-Price |
2,945
£2.006 |
||||
|
|
Date of the transaction |
2021-10-01 |
||||
|
|
Place of the transaction |
XLON |
||||
|
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
|
||||
|
b) |
Nature of the transaction |
Grant of options under the three-year November 2021 M&G plc Sharesave Plan |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
4,390
£1.64 |
||||
|
e) |
Date of the transaction |
2021-09-30 |
||||
|
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
|
||||
|
b) |
Nature of the transaction |
Vesting of shares under the Prudential Restricted Stock Plan |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
|
Aggregated information
-Aggregated volume
-Price |
6,238
Nil |
||||
|
|
Date of the transaction |
2021-10-01 |
||||
|
|
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
|
||||
|
b) |
Nature of the transaction |
Sale of shares under the Prudential Restricted Stock Plan to cover applicable withholding tax and other deductions
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
|
Aggregated information
-Aggregated volume
-Price |
2,945
£2.006 |
||||
|
|
Date of the transaction |
2021-10-01 |
||||
|
|
Place of the transaction |
XLON |
||||
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.