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M&G PLC
Remuneration Information • Apr 6, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 5059H
M&G PLC
06 April 2022
M&G plc NEWS RELEASE
6 April 2022
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
Release of shares under the Prudential Deferred Annual Incentive Plan, the Prudential Long Term Incentive Plan, the Prudential Group Deferred Bonus Plan and the Prudential Restricted Stock Plan (the 'Prudential Plans')
M&G plc (the 'Company') announces that on 4 April 2022, shares that vested on 2 April 2022 were released to the below PDMRs in accordance with the replacement awards granted under the Prudential Plans on 2 April 2019 and 20 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 released under the Prudential Plans | Number of shares sold to cover tax liabilities and sales costs |
| Clare Bousfield | 57,505 | 27,110 |
| Jonathan Daniels | 339,854 | 160,214 |
| John Foley | 875,936 | 412,930 |
| David Macmillan | 140,291 | 67,543 |
| Alan Porter | 446,940 | 210,695 |
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
Penny Woodcock, Deputy Company Secretary - PLC and Governance - 020 8162 3112
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 financial instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
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 Restricted Stock Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | Nil | 51,766 |
| b. | Nil | 5,739 |
Aggregated information
-Aggregated volume
-Price
57,505
Nil
Date of the transaction
2022-04-02
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 financial instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
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 Restricted Stock Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.1668 | 24,404 |
| b. | £2.1668 | 2,706 |
Aggregated information
-Aggregated volume
-Price
27,110
£2.1668
Date of the transaction
2022-04-04
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
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. Vesting of nil-cost conditional awards under the Prudential Restricted Stock Plan
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | Nil | 138,074 |
| b. | Nil | 196,041 |
| c. | Nil | 5,739 |
Aggregated information
-Aggregated volume
-Price
339,854
Nil
Date of the transaction
2022-04-02
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 financial instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
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. 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)
| Item | Price (s) | Volume (s) |
| a. | £2.1668 | 65,091 |
| b. | £2.1668 | 92,417 |
| c. | £2.1668 | 2,706 |
Aggregated information
-Aggregated volume
-Price
160,214
£2.1668
Date of the transaction
2022-04-04
Place of the transaction
XLON
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
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 | 272,909 |
| b. | Nil | 603,027 |
Aggregated information
-Aggregated volume
-Price
875,936
Nil
Date of the transaction
2022-04-02
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 financial instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
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. | £2.1668 | 128,654 |
| b. | £2.1668 | 284,276 |
Aggregated information
-Aggregated volume
-Price
412,930
£2.1668
Date of the transaction
2022-04-04
Place of the transaction
XLON
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
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 | 45,242 |
| b. | Nil | 95,049 |
Aggregated information
-Aggregated volume
-Price
140,291
Nil
Date of the transaction
2022-04-02
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 financial instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
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. | £2.1668 | 21,782 |
| b. | £2.1668 | 45,761 |
Aggregated information
-Aggregated volume
-Price
67,543
£2.1668
Date of the transaction
2022-04-04
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 financial instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
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 | 160,033 |
| b. | Nil | 286,907 |
Aggregated information
-Aggregated volume
-Price
446,940
Nil
Date of the transaction
2022-04-02
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 financial instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
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. | £2.1668 | 75,442 |
| b. | £2.1668 | 135,253 |
Aggregated information
-Aggregated volume
-Price
210,695
£2.1668
Date of the transaction
2022-04-04
Place of the transaction
XLON
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
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