M&G PLC

Remuneration Information • Nov 29, 2019

National Storage Mechanism | Additional information

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RNS Number : 2012V

M&G PLC

29 November 2019

M&G plc NEWS RELEASE

29 November 2019

M&G plc

Notification of transactions by Persons Discharging Managerial Responsibilities (PDMR)

M&G plc (the Company) announces that, as set out in the Prospectus dated 25 September 2019, options and awards over Prudential Shares held by PDMRs have been rolled over into, or exchanged for, equivalent options and awards over M&G Shares ("Replacement Awards"). The number of M&G Shares subject to the Replacement Awards was calculated using the methodology set out in the Prospectus. Where relevant, performance conditions have been adjusted so as to ensure that the holder of the Replacement Award is appropriately incentivised by reference to the performance of the Company and the Group rather than Prudential plc and the Prudential Group. Further information on the Replacement Awards is set out in the Prospectus.

In addition, the Company announces that, as also set out in the Prospectus, an award of free M&G Shares has been made under the M&G UK Share Incentive Plan to each eligible employee, including the below PDMRs.

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BKFB1C65

b) 

Nature of the transaction

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Deferred Annual Incentive Plan in 2017;

b.    Long Term Incentive Plan in 2017;

c.     Deferred Annual Incentive Plan in 2018;

d.    Long Term Incentive Plan in 2018;

e.    Long Term Incentive Plan in 2019; and

f.     Deferred Annual Incentive Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	155,984
b.	£2.1737	502,096
c.	£2.1737	147,151
d.	£2.1737	479,149
e.	£2.1737	540,874
f.	£2.1737	262,599

Aggregated information

-Aggregated volume

-Price

2,087,853

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

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

GB00BKFB1C65

b) 

Nature of the transaction

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Group Deferred Bonus Plan in 2017;

b.    Long Term Incentive Plan in 2017;

c.     Group Deferred Bonus Plan in 2018;

d.    Long Term Incentive Plan in 2018;

e.    Restricted Stock Plan in 2018;

f.     Group Deferred Bonus Plan in 2019;

g.    Long Term Incentive Plan in 2019; and

h.    Restricted Stock Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	5,547
b.	£2.1737	187,831
c.	£2.1737	32,869
d.	£2.1737	194,128
e.	£2.1737	4,954
f.	£2.1737	41,101
g.	£2.1737	698,037
h.	£2.1737	23,314

Aggregated information

-Aggregated volume

-Price

1,187,781

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

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

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    PruCap Deferred Bonus Plan in 2017;

b.    Long Term Incentive Plan in 2017;

c.     Long Term Incentive Plan in 2018;

d.    Group Deferred Bonus Plan 2018;   

e.    Restricted Stock Plan in 2018;

f.     Group Deferred Bonus Plan in 2019;

g.    Long Term Incentive Plan in 2019; and

h.    Restricted Stock Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	438,013
b.	£2.1737	48,578
c.	£2.1737	434,707
d.	£2.1737	359,824
e.	£2.1737	4,954
f.	£2.1737	109,627
g.	£2.1737	529,274
h.	£2.1737	23,314

Aggregated information

-Aggregated volume

-Price

1,948,291

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Keith Davies

2

Reason for the notification

a)

Position/status

Chief Risk & Resilience 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

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Group Deferred Bonus Plan in 2017;

b.    Long Term Incentive Plan in 2017;

c.     Group Deferred Bonus Plan in 2018;

d.    Long Term Incentive Plan in 2018;

e.    Restricted Stock Plan in 2018;

f.     Group Deferred Bonus Plan in 2019;

g.    Long Term Incentive Plan in 2019; and

h.    Restricted Stock Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	22,428
b.	£2.1737	121,949
c.	£2.1737	4,457
d.	£2.1737	136,295
e.	£2.1737	11,892
f.	£2.1737	27,396
g.	£2.1737	453,906
h.	£2.1737	59,732

Aggregated information

-Aggregated volume

-Price

838,055

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BKFB1C65

b) 

Nature of the transaction

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Deferred Annual Incentive Plan in 2017;

b.    Long Term Incentive Plan in 2017;

c.     Deferred Annual Incentive Plan in 2018;

d.    Long Term Incentive Plan in 2018;

e.    Long Term Incentive Plan in 2019; and

f.     Deferred Annual Incentive Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	224,694
b.	£2.1737	845,305
c.	£2.1737	211,949
d.	£2.1737	806,513
e.	£2.1737	1,097,061
f.	£2.1737	216,679

Aggregated information

-Aggregated volume

-Price

3,402,201

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BKFB1C65

b) 

Nature of the transaction

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Long Term Incentive Plan in 2017;

b.    Group Deferred Bonus Plan in 2018;

c.     Long Term Incentive Plan in 2018;

d.    Group Deferred Bonus Plan in 2019; and

e.    Long Term Incentive Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	147,928
b.	£2.1737	29,884
c.	£2.1737	154,886
d.	£2.1737	35,922
e.	£2.1737	182,726

Aggregated information

-Aggregated volume

-Price

551,346

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BKFB1C65

b) 

Nature of the transaction

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Group Deferred Bonus Plan in 2017;

b.    Group Deferred Bonus Plan in 2018;

c.     Group Deferred Bonus Plan in 2019; and

d.    Long Term Incentive Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	143,635
b.	£2.1737	131,149
c.	£2.1737	18,905
d.	£2.1737	291,216

Aggregated information

-Aggregated volume

-Price

584,905

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

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

GB00BKFB1C65

b) 

Nature of the transaction

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Group Deferred Bonus Plan in 2017;

b.    Long Term Incentive Plan in 2017;

c.     Group Deferred Bonus Plan in 2018;

d.    Long Term Incentive Plan in 2018;

e.    Restricted Stock Plan in 2018;

f.     Group Deferred Bonus Plan in 2019;

g.    Long Term Incentive Plan in 2019; and

h.    Restricted Stock Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	6,890
b.	£2.1737	143,635
c.	£2.1737	26,694
d.	£2.1737	134,230
e.	£2.1737	4,954
f.	£2.1737	27,396
g.	£2.1737	440,194
h.	£2.1737	23,314

Aggregated information

-Aggregated volume

-Price

807,307

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BKFB1C65

b) 

Nature of the transaction

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Deferred Annual Incentive Plan in 2017;

b.    Long Term Incentive Plan in 2017;

c.     Deferred Annual Incentive Plan in 2018;

d.    Long Term Incentive Plan in 2018;

e.    Long Term Incentive Plan in 2019; and

f.     Deferred Annual Incentive Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	124,989
b.	£2.1737	401,314
c.	£2.1737	112,476
d.	£2.1737	383,308
e.	£2.1737	433,066
f.	£2.1737	194,154

Aggregated information

-Aggregated volume

-Price

1,649,307

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

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 financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence each

GB00BKFB1C65

b) 

Nature of the transaction

Replacement awards granted in respect of awards granted under the Prudential plc:

a.    Long Term Incentive Plan in 2017;

b.    Group Deferred Bonus Plan in 2018;

c.     Long Term Incentive Plan in 2018;

d.    Group Deferred Bonus Plan in 2019; and

e.    Long Term Incentive Plan in 2019.

c)

Price(s) and volume(s)

item	Price (s)	Volume (s)
a.	£2.1737	154,907
b.	£2.1737	31,042
c.	£2.1737	154,886
d.	£2.1737	36,985
e.	£2.1737	308,349

Aggregated information

-Aggregated volume

-Price

686,169

£2.1737

Date of the transaction

2019-11-27

Place of the transaction

LONDON

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

Share Incentive Plan - Free Share award

c)

Price(s) and volume(s)

Price (s)	Volume (s)
£2.1737	920

Aggregated information

-Aggregated volume

-Price

920

£2.1737

Date of the transaction

2019-11-28

Place of the transaction

LONDON

LEI: 254900TWUJUQ44TQJY84

Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.

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END

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