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) Â | LEI Â | 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) Â | Nature of the transaction(s) Â Â | (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, Â 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) Â | Price(s) and volume(s) Â Â Â Â | Â
 | |||||||||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A   | |||||||||
e) Â | Date of the transaction(s) Â | 2019-11-21 | |||||||||
f) Â | Place of the transaction(s) Â | London Stock Exchange |
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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) Â | LEI Â | 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) Â | Price(s) and volume(s) Â Â | Â
 | |||||||||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A   | |||||||||
e)  | Date of the transactions  | 2019-11-21 | |||||||||
f)  | Place of the transactions  | London Stock Exchange |
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  | 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) Â | LEI Â | 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) Â | Nature of the transaction(s) Â Â | (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. Â | |||||||||
c) Â | Price(s) and volume(s) Â Â Â Â | Â
 | |||||||||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A   | |||||||||
e) Â | Date of the transaction(s) Â | 2019-11-21 | |||||||||
f) Â | Place of the transaction(s) Â | London Stock Exchange |
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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) Â | LEI Â | 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) Â | Nature of the transaction(s) Â Â | (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, Â 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. Â | ||||||||||||
c) Â | Price(s) and volume(s) Â Â Â Â | Â
 | ||||||||||||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A   | ||||||||||||
e) Â | Date of the transaction(s) Â | 2019-11-21 | ||||||||||||
f) Â | Place of the transaction(s) Â | London Stock Exchange |
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  | 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) Â | LEI Â | 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) Â | Nature of the transaction(s) Â Â | (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, Â 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) Â | Price(s) and volume(s) Â Â Â Â | Â
 | |||||||||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A | |||||||||
e) Â | Date of the transaction(s) Â | 2019-11-21 | |||||||||
f) Â | Place of the transaction(s) Â | New York Stock Exchange |
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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) Â | LEI Â | 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) Â | Nature of the transaction(s) Â Â | (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, Â 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. Â | |||||||||
c) Â | Price(s) and volume(s) Â Â Â Â | Â
 | |||||||||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A | |||||||||
e) Â | Date of the transaction(s) Â | 2019-11-21 | |||||||||
f) Â | Place of the transaction(s) Â | London Stock Exchange |
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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) Â | LEI Â | 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) Â | Nature of the transaction(s) Â Â | (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) Â | Price(s) and volume(s) Â Â Â Â | Â
 | |||||||||
d)  | Aggregated information  - Aggregated volume  - Price  | N/A | |||||||||
e) Â | Date of the transaction(s) Â | 2019-11-21 | |||||||||
f) Â | Place of the transaction(s) Â | London Stock Exchange |
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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