In advance of its Annual General Meeting on 25 May 2022, M&G plc announces that it will not exercise its discretion in relation to the profit target applicable to the 2019 long term incentive award (the “Award”) granted to Clare Bousfield, Managing Director, Retail & Savings. Notwithstanding Clare’s valued contribution to the performance of the business, the Award will vest at 20% of maximum rather than the 41.3% set out in the Directors’ Remuneration Report.
Clare Bousfield’s single figure remuneration for 2021 is restated as follows:
Shareholders will be asked to vote on the 2021 Directors’ Remuneration Report on this basis.