M&G plc

Equities

MNG

GB00BKFB1C65

Investment Management & Fund Operators

Real-time Estimate Cboe Europe Other stock markets 01:39:40 28/06/2024 pm IST			5-day change	1st Jan Change
204.4 ^GBX	0.00%		-1.33%	-8.12%

17/06	M&G spends GBP150 million on bond issue as planned	AN
17/06	M&G to spend GBP150 million on bond tender offer as planned	AN

M&G spends GBP150 million on bond issue as planned

June 18, 2024 at 02:06 am IST

M&G PLC - London-based investment manager - Provides results of bond tender offer launched on Monday last week. Spends around GBP150.0 million, in line with its plan. All of this will be for its 2055 notes. No 2051, 2063 or 2068 notes will be accepted for purchase, M&G says. The acceptance amount for the 2055 notes is about GBP161.0 million.

The tender offer is part of a overall GBP450 million deleveraging plan, which also includes the redemption of GBP300 million in 2049 notes next month.

Current stock price: 201.03 pence

12-month change: up 2.2%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about M&G plc

M&G spends GBP150 million on bond issue as planned	18/06	AN
M&G to spend GBP150 million on bond tender offer as planned	17/06	AN
M&G Unveils Indicative Results of Tender Offers for Outstanding Tier 2 Notes	17/06	MT
M&G plc Indicative Results of Tender Offers	17/06	CI
Legal & General plans $250 million share buyback, merges investment units	12/06	RE
All eyes on the Fed	10/06
JPMorgan Upgrades M&G to Overweight from Neutral, Boosts PT	10/06	MT
Europe heads lower amid political turmoil in EU	10/06	AN
M&G to Redeem GBP300 Million Tier 2 Notes due 2049	10/06	MT
M&G Launches Tender Offer for Four Notes Series	10/06	MT
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M&G makes bond tender offers in GBP450 million deleveraging plan	10/06	AN
JPMorgan cuts Aviva but lifts M&G	10/06	AN
M&G plc Announces Tender Offers for Tier 2 Notes	10/06	CI
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M&G drops challenge to Superdry's rescue plan — Sky News	01/06	AN
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Barclays Raises M&G PT, Keeps Underweight Rating	22/05	MT
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Company Profile

M&G plc is one of Europe's leading asset managers. The group's activity is organised around 2 areas: - asset and investment fund management: management of retirement savings, pension funds, investment funds and mutual funds (equities, fixed income securities, multi-asset securities, real estate assets, etc.) for independent managers (private and retail banks, pension plan managers, wealth managers, investment advisors and independent brokers, etc.) and institutional clients. At the end of 2023, the group had GBP 154.2 billion in assets under management and administration; - annuities, pensions and weatlh management for private and corporate clients: GBP 188 billion of assets under management and administration. The United Kingdom accounts for 85.5% of revenues.

Sector

Investment Management & Fund Operators

Calendar

07/08/2024 - Q2 2024 Earnings Release (Projected)

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

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Income Statement Evolution

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Analysis / Opinion

M&G PLC : Given these results why not reward investors more?

March 21, 2024 at 10:19 pm IST

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Ratings for M&G plc

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.044 GBP

Average target price

2.368 GBP

Spread / Average Target

+15.84%

Consensus

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Quarterly earnings - Rate of surprise

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