Last checked at 14 Nov 2019 15:00
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Michael Falcon
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2
| Reason for the notification
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a)
| Position/status
| Chief Executive Officer of Jackson Holdings LLC (PDMR) | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Prudential plc | ||||
b)
| LEI
| 5493001Z3ZE83NGK8Y12 | ||||
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
| American Depositary Receipt ("ADR")
74435K204
| ||||
b)
| Nature of the transaction(s)
| (i) Exercise of option over notional ADRs (including related dividend equivalent and the value of the demerger dividend). The demerger adjustment was based on the valuation of a M&G plc share calculated on the average price on the first five days following the demerger (from 21 - 25 October 2019), converted into a sum of USD based on the average exchange rate over the same period. This sum was divided by the five day average price of a Prudential plc ADR for the period 1 - 7 November 2019. The calculation recognised that one Prudential plc ADR represents two ordinary shares of Prudential plc; and (ii) Receiving a gross cash amount of USD 464,198.34 in accordance with the terms of that option.
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c)
| Price(s) and volume(s)
| (i) Exercise of option:
(ii) Receipt of a gross cash amount
USD 464,198.34
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
(i) Exercise of option:
(ii) Receipt of a gross cash amount
USD 464,198.34
| ||||
e)
| Date of the transaction(s)
| 2019-11-13 | ||||
f)
| Place of the transaction(s)
| New York Stock Exchange | ||||
Additional information
Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
Contact
Jennie Webb, Share Plans and Share Capital Manager, +44 (0)20 3977 9750
Chris Smith, Deputy Group Secretary, +44 (0)20 3977 9639