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M&G PLC
Remuneration Information • Jun 16, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1963P
M&G PLC
16 June 2022
M&G plc NEWS RELEASE
16 June 2022
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
Awards under the M&G Performance Share Plan 2019 (the 'Performance Share Plan') - 2022 Performance Awards
On 16 June 2022, the Company granted nil-cost options to Kathryn McLeland, Chief Financial Officer, M&G plc and Vanessa Murden, Chief Operating Officer, M&G plc (the 'COO'), under the Performance Share Plan. The options granted in 2022 are subject to the achievement of performance conditions over a three-year period, plus a subsequent holding period of two years, and have been made using the average market share price for the three days preceding the award date of 16 June 2022.
Awards under the M&G Deferred Incentive Plan 2019 (the 'Deferred Incentive Plan')
On 16 June 2022, the Company made a deferred bonus short-term incentive ('STI') award to the COO under the terms of the Deferred Incentive Plan. An award representing a proportion of her annual STI has been deferred into a conditional award over shares which is due to vest in April 2025. The award is based on the average market share price for the three days preceding 1 April 2022, of £2.2310, in line with STI awards made to PDMRs on 1 April 2022 and announced on that date.
Awards under the M&G Performance Share Plan 2019 (the 'Performance Share Plan') - Recruitment Awards
On 16 June 2022, the Company granted Recruitment Awards in the form of nil-cost options (the 'Recruitment Awards') to the COO as set out in the summary table below, under the terms of the Performance Share Plan. The options replace awards forfeited by her as a result of her recruitment by M&G plc. The vesting of the award over 241,418 M&G shares is subject to the achievement of performance conditions. Holding periods that apply after vesting are set out in the table below. The Recruitment Awards have been made using the average market share price for the three days preceding her start date with M&G plc, of £2.1357.
| Name | Position | Number of nil-cost options granted under the Performance Share Plan | Recruitment Award | Number of Conditional Awards granted under the Deferred Incentive Plan | Date of Vesting | Holding Period end date |
| Kathryn McLeland | Chief Financial Officer | 643,808 | No | - | 16/06/2025 | 16/06/2027 |
| Vanessa Murden | Chief Operating Officer | 377,405 | No | - | 16/06/2025 | 16/06/2027 |
| Vanessa Murden | Chief Operating Officer | - | No | 91,214 | 01/04/2025 | Not applicable |
| Vanessa Murden | Chief Operating Officer | 241,418 | Yes | - | 05/03/2023 | 01/04/2025 |
| Vanessa Murden | Chief Operating Officer | 65,614 | Yes | - | 04/03/2024 | 01/04/2026 |
| Vanessa Murden | Chief Operating Officer | 21,871 | Yes | - | 04/03/2025 | 01/04/2026 |
| Vanessa Murden | Chief Operating Officer | 21,872 | Yes | - | 04/03/2026 | 01/04/2027 |
| Vanessa Murden | Chief Operating Officer | 15,709 | Yes | - | 06/03/2023 | 01/04/2024 |
| Vanessa Murden | Chief Operating Officer | 15,709 | Yes | - | 06/03/2024 | 01/04/2025 |
| Vanessa Murden | Chief Operating Officer | 13,386 | Yes | - | 06/03/2023 | 01/04/2024 |
| Vanessa Murden | Chief Operating Officer | 49,845 | Yes | - | 23/06/2022 | 01/04/2024 |
| Vanessa Murden | Chief Operating Officer | 14,158 | Yes | - | 23/06/2022 | 03/04/2023 |
| Vanessa Murden | Chief Operating Officer | 14,393 | Yes | - | 23/06/2022 | 06/09/2022 |
| Vanessa Murden | Chief Operating Officer | 2,842 | Yes | - | 23/06/2022 | 03/04/2023 |
| Vanessa Murden | Chief Operating Officer | 2,841 | Yes | - | 23/06/2022 | Not applicable |
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 & Governance - 020 8162 3112
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Kathryn McLeland
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
Award granted under the Performance Share Plan due to vest in June 2025 subject to the achievement of performance conditions.
c)
Price(s) and volume(s)
| Price (s) | Volume (s) |
| £2.0270 | 643,808 |
Aggregated information
-Aggregated volume
-Price
643,808
£2.0270
Date of the transaction
2022-06-16
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Vanessa Murden
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
a. Award granted under the Deferred Incentive Plan to be released in April 2025
b. Award granted under the Performance Share Plan due to vest in June 2025 subject to the achievement of performance conditions
c. Recruitment Awards granted under the Performance Share Plan subject to the achievement of performance conditions
d. Recruitment Awards granted under the Performance Share Plan with no performance conditions
c)
Price(s) and volume(s)
| Item | Price (s) | Volume (s) |
| a. | £2.2310 | 91,214 |
| b. | £2.0270 | 377,405 |
| c. | £2.1357 | 241,418 |
| d. | £2.1357 | 238,240 |
Aggregated information
-Aggregated volume
-Price
948,277
£2.1016
Date of the transaction
2022-06-16
Place of the transaction
Outside a trading venue
LEI: 254900TWUJUQ44TQJY84
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
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