TIDMMNG
RNS Number : 7767I
M&G PLC
03 April 2020
M&G plc NEWS RELEASE
3 April 2020
M&G plc
Notification of transactions by Persons Discharging Managerial
Responsibilities (PDMR)
Release of shares under the Prudential Deferred Annual Incentive
Plan, the Prudential Long Term Incentive Plan and the Prudential
Group Deferred Bonus Plan (the "Prudential Plans")
M&G plc (the "Company") announces that on 2 April 2020,
shares were released to the below PDMRs in accordance with the
replacement awards granted under the Prudential Plans 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.
Awards under the M&G Deferred Incentive Plan 2019
On 3 April 2020, the Company made deferred bonus awards to PDMRs
under the M&G Deferred Incentive Plan 2019. An award
representing a proportion of the PDMRs' annual cash bonus has been
deferred into a conditional award over shares which is due to vest
in April 2023. The awards have been made using the three day
average market share price of GBP1.135.
Awards under the M&G Performance Share Plan 2019
On 3 April 2020, the Company granted nil-cost options to the
following PDMRs under the M&G Performance Share Plan 2019. The
options granted in 2020 are subject to the achievement of
performance conditions over a three-year period plus a subsequent
holding period of two years, except as noted below.
The grant price used for the M&G Performance Share Plan
awards of GBP1.135 was based on an average of the 3 days preceding
the grant date of 3 April 2020, consistent with all other
participants in the scheme. The Remuneration Committee considered
that whilst the share price has traded lower in recent times due to
various external factors, they do not believe these are specific to
M&G and that it is appropriate to base the grant on this
market-typical methodology. The Remuneration Committee also noted
the discretion that exists under the rules of the M&G
Performance Share Plan to adjust awards if outcomes are not
reflective of the performance of the Group taking consideration of
all relevant factors including market movements over the period of
vesting.
Summary table
The below table summarises the above transactions for each
PDMR:
Name Number of Number of Number of Number of
shares released shares sold shares awarded nil-cost options
under the to cover tax under the granted under
Prudential liabilities M&G Deferred the M&G Performance
Plans and sales Incentive Share Plan
costs Plan 2019 2019
Julian Adams 338,244 159,454 101,806 442,621
----------------- -------------- ---------------- ---------------------
Clare Bousfield 176,097 83,030 130,837 1,106,563
----------------- -------------- ---------------- ---------------------
Jonathan Daniels 30,847 14,542 168,634 737,702
----------------- -------------- ---------------- ---------------------
John Foley 761,462 358,965 459,295 2,158,590
----------------- -------------- ---------------- ---------------------
David Macmillan - - 58,837 637,107
----------------- -------------- ---------------- ---------------------
Graham Mason 143,635 67,712 51,718 570,043
----------------- -------------- ---------------- ---------------------
Irene McDermott
Brown 137,310 64,743 64,581 563,336
----------------- -------------- ---------------- ---------------------
Alan Porter 379,823 179,055 77,709 704,171
----------------- -------------- ---------------- ---------------------
Roddy Thomson - - 68,546 603,574
----------------- -------------- ---------------- ---------------------
The notification below, which has been made in accordance with
the requirements of the Market Abuse Regulation, provides further
detail.
Contact
Alan Porter, Group General Counsel and Company Secretary - 0203
977 4064
Helen Archbold, Head of Secretariat - 0203 977 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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ --------------------------------------------------------
b) Nature of the transaction a. Vesting of nil-cost conditional awards
under the Prudential Deferred Annual Incentive
Plan
b. Vesting of nil-cost conditional awards
under the Prudential Long Term Incentive
Plan
------------------------------ --------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 155,984
----------- -----------
b. Nil 182,260
----------- -----------
------------------------------ --------------------------------------------------------
Aggregated information
-Aggregated volume 338,244
-Price Nil
------------------------------ --------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ --------------------------------------------------------
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
b. Sale of shares to cover applicable withholding
tax and other deductions arising on release
of conditional awards under the Prudential
Long Term Incentive Plan
------------------------------ --------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.1284 73,534
----------- -----------
b. GBP1.1284 85,920
----------- -----------
------------------------------ --------------------------------------------------------
Aggregated information
-Aggregated volume 159,454
-Price GBP1.1284
------------------------------ --------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ --------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ --------------------------------------------------------
b) Nature of the transaction a. Award granted under the Performance
Share Plan due to vest in April 2023
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ --------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 442,621
----------- -----------
b. GBP1.135 101,806
----------- -----------
------------------------------ --------------------------------------------------------
Aggregated information
-Aggregated volume 544,427
-Price GBP1.135
------------------------------ --------------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ --------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ --------------------------------------------------------
b) Nature of the transaction a. Vesting of nil-cost conditional awards
under the Prudential Group Deferred Bonus
Plan
b. Vesting of nil-cost conditional awards
under the Prudential Long Term Incentive
Plan
------------------------------ --------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 5,547
----------- -----------
b. Nil 170,550
----------- -----------
------------------------------ --------------------------------------------------------
Aggregated information
-Aggregated volume 176,097
-Price Nil
------------------------------ --------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ --------------------------------------------------------
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
Group Deferred Bonus Plan
b. Sale of shares to cover applicable withholding
tax and other deductions arising on release
of conditional awards under the Prudential
Long Term Incentive Plan
------------------------------ --------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.1284 2,630
----------- -----------
b. GBP1.1284 80,400
----------- -----------
------------------------------ --------------------------------------------------------
Aggregated information
-Aggregated volume 83,030
-Price GBP1.1284
------------------------------ --------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ --------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ --------------------------------------------------------
b) Nature of the transaction a. Award granted under the Performance
Share Plan due to vest in April 2023 subject
to the achievement of performance conditions
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ --------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 1,106,563
----------- -----------
b. GBP1.135 130,837
----------- -----------
------------------------------ --------------------------------------------------------
Aggregated information
-Aggregated volume 1,237,400
-Price GBP1.135
------------------------------ --------------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ --------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ -----------------------------------------------------
b) Nature of the transaction Vesting of nil-cost conditional awards
under the Prudential Long Term Incentive
Plan
------------------------------ -----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
Nil 30,847
-----------
------------------------------ -----------------------------------------------------
Aggregated information
-Aggregated volume 30,847
-Price Nil
------------------------------ -----------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ -----------------------------------------------------
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 Sale of shares to cover applicable withholding
tax and other deductions arising on release
of conditional awards under the Prudential
Long Term Incentive Plan
------------------------------ -----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
GBP1.1284 14,542
-----------
------------------------------ -----------------------------------------------------
Aggregated information
-Aggregated volume 14,542
-Price GBP1.1284
------------------------------ -----------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ -----------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ -----------------------------------------------------
b) Nature of the transaction a. Award granted under the Performance
Share Plan due to vest in April 2023 subject
to the achievement of performance conditions
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ -----------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 737,702
----------- -----------
b. GBP1.135 168,634
----------- -----------
------------------------------ -----------------------------------------------------
Aggregated information
-Aggregated volume 906,336
-Price GBP1.135
------------------------------ -----------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ -----------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ -----------------------------------------------------------
b) Nature of the transaction a. Vesting of nil-cost conditional awards
under the Prudential Deferred Annual Incentive
Plan
b. Vesting of nil-cost conditional awards
under the Prudential Long Term Incentive
Plan
------------------------------ -----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 224,694
----------- -----------
b. Nil 536,768
----------- -----------
------------------------------ -----------------------------------------------------------
Aggregated information
-Aggregated volume 761,462
-Price Nil
------------------------------ -----------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ -----------------------------------------------------------
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
b. Sale of shares to cover applicable withholding
tax and other deductions arising on release
of conditional awards under the Prudential
Long Term Incentive Plan
------------------------------ -----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.1284 105,924
----------- -----------
b. GBP1.1284 253,041
----------- -----------
------------------------------ -----------------------------------------------------------
Aggregated information
-Aggregated volume 358,965
-Price GBP1.1284
------------------------------ -----------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ -----------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ -----------------------------------------------------------
b) Nature of the transaction a. Award granted under the Performance
Share Plan due to vest in April 2023 subject
to the achievement of performance conditions
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ -----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 2,158,590
----------- -----------
b. GBP1.135 459,295
----------- -----------
------------------------------ -----------------------------------------------------------
Aggregated information
-Aggregated volume 2,617,885
-Price GBP1.135
------------------------------ -----------------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ -----------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ ----------------------------------------------------
b) Nature of the transaction a. Award granted under the Performance
Share Plan due to vest in April 2023 subject
to the achievement of performance conditions
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ ----------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 637,107
----------- -----------
b. GBP1.135 58,837
----------- -----------
------------------------------ ----------------------------------------------------
Aggregated information
-Aggregated volume 695,944
-Price GBP1.135
------------------------------ ----------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ ----------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ ----------------------------------------------------
b) Nature of the transaction Vesting of nil-cost conditional awards
under the Prudential Group Deferred Bonus
Plan
------------------------------ ----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
Nil 143,635
-----------
------------------------------ ----------------------------------------------------
Aggregated information
-Aggregated volume 143,635
-Price Nil
------------------------------ ----------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ ----------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ ----------------------------------------------------
b) Nature of the transaction Sale of shares to cover applicable withholding
tax and other deductions arising on release
of conditional awards under the Prudential
Group Deferred Bonus Plan
------------------------------ ----------------------------------------------------
c) Price(s) and volume(s) Price (s) Volume (s)
GBP1.1284 67,712
-----------
------------------------------ ----------------------------------------------------
Aggregated information
-Aggregated volume 67,712
-Price GBP1.1284
------------------------------ ----------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ ----------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ ----------------------------------------------------
b) Nature of the transaction a. Award granted under the Performance
Share Plan due to vest in April 2023 subject
to the achievement of performance conditions
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ ----------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 570,043
----------- -----------
b. GBP1.135 51,718
----------- -----------
------------------------------ ----------------------------------------------------
Aggregated information
-Aggregated volume 621,761
-Price GBP1.135
------------------------------ ----------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ ----------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ ----------------------------------------------------------
b) Nature of the transaction a. Vesting of nil-cost conditional awards
under the Prudential Group Deferred Bonus
Plan
b. Vesting of nil-cost conditional awards
under the Prudential Long Term Incentive
Plan
------------------------------ ----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 6,890
----------- -----------
b. Nil 130,420
----------- -----------
------------------------------ ----------------------------------------------------------
Aggregated information
-Aggregated volume 137,310
-Price Nil
------------------------------ ----------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ ----------------------------------------------------------
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
Group Deferred Bonus Plan
b. Sale of shares to cover applicable withholding
tax and other deductions arising on release
of conditional awards under the Prudential
Long Term Incentive Plan
------------------------------ ----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.1284 3,261
----------- -----------
b. GBP1.1284 61,482
----------- -----------
------------------------------ ----------------------------------------------------------
Aggregated information
-Aggregated volume 64,743
-Price GBP1.1284
------------------------------ ----------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ ----------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ ----------------------------------------------------------
b) Nature of the transaction a. Award granted under the Performance
Share Plan due to vest in April 2023 subject
to the achievement of performance conditions
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ ----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 563,336
----------- -----------
b. GBP1.135 64,581
----------- -----------
------------------------------ ----------------------------------------------------------
Aggregated information
-Aggregated volume 627,917
-Price GBP1.135
------------------------------ ----------------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ ----------------------------------------------------------
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 Group 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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ -----------------------------------------------------------
b) Nature of the transaction a. Vesting of nil-cost conditional awards
under the Prudential Deferred Annual Incentive
Plan
b. Vesting of nil-cost conditional awards
under the Prudential Long Term Incentive
Plan
------------------------------ -----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. Nil 124,989
----------- -----------
b. Nil 254,834
----------- -----------
------------------------------ -----------------------------------------------------------
Aggregated information
-Aggregated volume 379,823
-Price Nil
------------------------------ -----------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ -----------------------------------------------------------
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
b. Sale of shares to cover applicable withholding
tax and other deductions arising on release
of conditional awards under the Prudential
Long Term Incentive Plan
------------------------------ -----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.1284 58,922
----------- -----------
b. GBP1.1284 120,133
----------- -----------
------------------------------ -----------------------------------------------------------
Aggregated information
-Aggregated volume 179,055
-Price GBP1.1284
------------------------------ -----------------------------------------------------------
Date of the transaction 2020-04-02
------------------------------ -----------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
Identification code GB00BKFB1C65
------------------------------ -----------------------------------------------------------
b) Nature of the transaction a. Award granted under the Performance
Share Plan due to vest in April 2023 subject
to the achievement of performance conditions
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ -----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 704,171
----------- -----------
b. GBP1.135 77,709
----------- -----------
------------------------------ -----------------------------------------------------------
Aggregated information
-Aggregated volume 781,880
-Price GBP1.135
------------------------------ -----------------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ -----------------------------------------------------------
Place of the transaction Outside a trading venue
------------------------------ -----------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Roddy Thomson
------------------------------ ----------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------
a) Position/status Chief Operating 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. Award granted under the Performance
Share Plan due to vest in April 2023 subject
to the achievement of performance conditions
b. Award granted under the Deferred Incentive
Plan to be released in April 2023
------------------------------ ----------------------------------------------------------
c) Price(s) and volume(s) Item Price (s) Volume (s)
a. GBP1.135 603,574
----------- -----------
b. GBP1.135 68,546
----------- -----------
------------------------------ ----------------------------------------------------------
Aggregated information
-Aggregated volume 672,120
-Price GBP1.135
------------------------------ ----------------------------------------------------------
Date of the transaction 2020-04-03
------------------------------ ----------------------------------------------------------
Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------------------------
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of
the Market Abuse Regulation.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHSSAFEDESSEFL
(END) Dow Jones Newswires
April 03, 2020 09:00 ET (13:00 GMT)
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