Last checked at 21 Nov 2019 09:01
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
| ||||||||||
a)
| Name
| Michael Wells
| |||||||||
2
| Reason for the notification
| ||||||||||
a)
| Position/status
| Group Chief Executive (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
| Ordinary shares of 5 pence each
GB0007099541
| |||||||||
b)
| Nature of the transaction(s)
| (i) Adjustment of awards granted under the Prudential Long Term Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, (ii) Adjustment of awards granted under the Annual Incentive Plan with respect to the demerger of M&G plc on 21 October 2019,
based on the valuations of a M&G plc share and a Prudential plc share calculated on the five day average share prices from 21 - 25 October 2019 respectively after demerger. | |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| |||||||||
e)
| Date of the transaction(s)
| 2019-11-21 | |||||||||
f)
| Place of the transaction(s)
| London Stock Exchange | |||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||||||
a)
| Name
| Mark FitzPatrick
| |||||||||
2
| Reason for the notification
| ||||||||||
a)
| Position/status
| Group Chief Financial Officer and Chief Operating Officer (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
| Ordinary shares of 5 pence each
GB0007099541
| |||||||||
b)
| Nature of the transactions
| (i) Adjustment of awards granted under the Prudential Long Term Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, (ii) Adjustment of awards granted under the Annual Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, based on the valuations of a M&G plc share and a Prudential plc share calculated on the five day average share prices from 21 - 25 October 2019 respectively after demerger. | |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| |||||||||
e)
| Date of the transactions
| 2019-11-21 | |||||||||
f)
| Place of the transactions
| London Stock Exchange | |||||||||
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||||||
a)
| Name
| James Turner
| |||||||||
2
| Reason for the notification
| ||||||||||
a)
| Position/status
| Group Chief Risk and Compliance Officer (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
| Ordinary shares of 5 pence each
GB0007099541
| |||||||||
b)
| Nature of the transaction(s)
| (i) Adjustment of awards granted under the Prudential Long Term Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, (ii) Adjustment of awards granted under the Annual Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, based on the valuations of a M&G plc share and a Prudential plc share calculated on the five day average share prices from 21 - 25 October 2019 respectively after demerger.
| |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| |||||||||
e)
| Date of the transaction(s)
| 2019-11-21 | |||||||||
f)
| Place of the transaction(s)
| London Stock Exchange | |||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||
a)
| Name
| Jolene Chen
| ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Group Human Resources Director (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
| Ordinary shares of 5 pence each
GB0007099541
| ||||||||||||
b)
| Nature of the transaction(s)
| (i) Adjustment of awards granted under the Prudential Long Term Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, (ii) Adjustment of awards granted under the PCA Deferred Bonus Plan with respect to the demerger of M&G plc on 21 October 2019, (iii) Adjustment of awards granted under the PCA Long Term Incentive Plan with respect to the demerger of M&G plc on 21 October 2019,
based on the valuations of a M&G plc share and a Prudential plc share calculated on the five day average share prices from 21 - 25 October 2019 respectively after demerger.
| ||||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||||||||||
e)
| Date of the transaction(s)
| 2019-11-21 | ||||||||||||
f)
| Place of the transaction(s)
| London Stock Exchange | ||||||||||||
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||||||
a)
| Name
| Michael Falcon
| |||||||||
2
| Reason for the notification
| ||||||||||
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) Adjustment of awards granted under the Prudential Long Term Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, (ii) Adjustment of awards granted under the Annual Incentive Plan with respect to the demerger of M&G plc on 21 October 2019,
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. | |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | |||||||||
e)
| Date of the transaction(s)
| 2019-11-21 | |||||||||
f)
| Place of the transaction(s)
| New York Stock Exchange | |||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||||||
a)
| Name
| Nicolaos Nicandrou
| |||||||||
2
| Reason for the notification
| ||||||||||
a)
| Position/status
| Chief Executive of Prudential Corporation Asia (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
| Ordinary shares of 5 pence each
GB0007099541
| |||||||||
b)
| Nature of the transaction(s)
| (i) Adjustment of awards granted under the Prudential Long Term Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, (ii) Adjustment of awards granted under the Annual Incentive Plan with respect to the demerger of M&G plc on 21 October 2019,
based on the valuations of a M&G plc share and a Prudential plc share calculated on the five day average share prices from 21 - 25 October 2019 respectively after demerger.
| |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | |||||||||
e)
| Date of the transaction(s)
| 2019-11-21 | |||||||||
f)
| Place of the transaction(s)
| London Stock Exchange | |||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||||||
a)
| Name
| Al-Noor Ramji
| |||||||||
2
| Reason for the notification
| ||||||||||
a)
| Position/status
| Group Chief Digital Officer (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
| Ordinary shares of 5 pence each
GB0007099541
| |||||||||
b)
| Nature of the transaction(s)
| (i) Adjustment of awards granted under the Prudential Long Term Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, (ii) Adjustment of awards granted under the Annual Incentive Plan with respect to the demerger of M&G plc on 21 October 2019, based on the valuations of a M&G plc share and a Prudential plc share calculated on the five day average share prices from 21 - 25 October 2019 respectively after demerger. | |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | |||||||||
e)
| Date of the transaction(s)
| 2019-11-21 | |||||||||
f)
| Place of the transaction(s)
| London 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