SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the
month of August, 2024
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation
of registrant's name into English)
13/F, One International Finance Centre,
1 Harbour View Street, Central,
Hong Kong, China
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover Form 20-F or Form 40-F.
Form
20-F X
Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b): 82-
30 August
2024
Prudential plc - Scrip Dividend Alternative
Following our announcement on 28 August 2024 of a 2024 first
interim dividend of 6.84 US cents per ordinary share, we are
pleased to confirm that a scrip dividend alternative will be
offered in respect of the 2024 first interim dividend in accordance
with the shareholder approval obtained at the 2024 annual general
meeting.
Elections for the scrip dividend alternative must be received by
the deadlines specified in the timetable below.
The scrip dividend alternative will involve the issuance of
relevant new ordinary shares on the Hong Kong line only. Prudential
plc ("Prudential") will make available a share dealing facility
(the "Dealing Facility") to enable shareholders who are not able to
hold their shares on the Hong Kong line to participate in the scrip
dividend alternative. Full particulars of the scrip dividend and
the Dealing Facility are expected to be provided to shareholders on
or around 13 September 2024 and the terms and conditions of the
scrip dividend scheme will subsequently also be made available on
Prudential's website. The scrip dividend alternative is conditional
upon the Financial Conduct Authority, the London Stock Exchange,
the Hong Kong Stock Exchange and the Singapore Stock Exchange
granting the listing of and permission to deal in the new shares to
be issued under the scrip dividend.
The scrip dividend alternative is offered in addition to the
Dividend Reinvestment Plan (DRIP), which continues to be available
to shareholders on the UK register. The DRIP enables the relevant
shareholders to elect to invest their cash dividends in the
purchase of Prudential shares in the market. Further information on
the DRIP is available at https://www.prudentialplc.com/en/investors/shareholder-information/dividend/dividend-reinvestment-plan
2024 first interim dividend timetable (scrip dividend alternative
and DRIP)
|
Ex-dividend
date
|
5
September 2024 (Hong Kong, UK and Singapore)
|
|
Record
date
|
6
September 2024
|
|
Announcement of scrip reference
price(1)
|
12
September 2024
|
|
Expected
publication of scrip dividend circular and mandate
forms
|
On
or around 13 September 2024
|
|
Deadline
for receipt of scrip elections
|
5.30pm
(Singapore time) on 20 September 2024 (Singapore)
5.00pm (UK time) (UK) or 4.30pm (Hong Kong time)
(Hong Kong)(2) on
30 September 2024
|
|
Deadline for receipt of Dividend
Re-investment Plan elections
|
5.00pm (UK time) on 30
September 2024 (UK)
|
|
Payment date, where cash dividends are paid and
scrip shares are issued (other
than scrip shares to be sold under the Dealing
Facility)
|
23
October 2024 (Hong Kong, UK and ADR holders)
On
or around 30 October 2024 (Singapore)
|
Notes:
(1) The
price used to calculate the number of new ordinary shares offered
under the scrip dividend alternative is the average middle-market
price of the shares of Prudential on the London Stock Exchange over
a five-day dealing period commencing on the ex-dividend date and
converted to US Dollars using the WMR spot exchange rates quoted by
Bloomberg in London at or around 11.00am on 11 September
2024.
(2) The
latest time for returning the mandate form by Hong Kong
shareholders may be extended, as the case may be, if a tropical
cyclone warning signal number 8 or above, or "extreme conditions"
announced by the Government of Hong Kong, or a "black" rainstorm
warning signal is in force in Hong Kong on Monday, 30 September
2024. Details will be provided in the circular which is expected to
be published on or around 13 September 2024.
(3) Currency
election details were announced on 28 August 2024 and are not
included in this announcement.
(4) All
shares bought back by Prudential awaiting cancellation on the
Record Date are not eligible for the 2024 first interim
dividend.
Shares held on
the UK register via
CREST
On 10 September 2024, Prudential's registrar, Computershare
Investor Services PLC ("Computershare"), will distribute Electronic
Election Entitlements (EEEs) (Interim ISIN code GB00BSFVB225) for
ordinary shares to all holders of Prudential shares in CREST
("CREST Shareholders") on the dividend record date of Friday, 6
September 2024. To make an election, CREST Shareholders will be
required to transfer an appropriate number of entitlement shares
into a CREST member account via an Unmatched Stock Event ("USE")
transaction. There will be a separate account designated to each
option, and these details will be made available in the CREST
system.
Elections via CREST should be received by Computershare no later
than 5.00pm (UK time) on 30 September 2024. If the USE is not
settled by such deadline, the dividend will be paid in cash in the
default currency. CREST Shareholders will need to ensure that their
election is made to the appropriate CREST Member Account as
detailed in the Corporate Action event that will be made available
in the CREST system by Euroclear UK & International Limited
("Euroclear") against the Interim ISIN Code
GB00BSFVB225.
An election via CREST will not apply in respect of future
dividends. Euroclear will centrally delete all existing dividend
election instruction messages previously submitted on Prudential
ordinary Shares, prior to the Record Date. Furthermore, it will not
be possible to submit dividend election instruction messages from
this date as this functionality will be removed in CREST from the
ordinary shares. Therefore, in order to avoid automatically
receiving the cash dividend in its default currency, elections will
need to be made via the Dividend with Options (DWO) for every
future dividend.
Contacts
|
Media
|
|
Investors/Analysts
|
|
|
Simon Kutner
|
+44 (0)7581 023260
|
Patrick Bowes
|
+852 9611
2981
|
|
Sonia Tsang
|
+852 5580 7525
|
William Elderkin
|
+44 (0)20 3977 9215
|
|
|
|
Darwin Lam
|
+852 2918 6348
|
About Prudential plc
Prudential plc provides life and health insurance and asset
management in 24 markets across Asia and Africa. Prudential's
mission is to be the most trusted partner and protector for this
generation and generations to come, by providing simple and
accessible financial and health solutions. The business has dual
primary listings on the Stock Exchange of Hong Kong (2378) and the
London Stock Exchange (PRU). It also has a secondary listing on the
Singapore Stock Exchange (K6S) and a listing on the New York Stock
Exchange (PUK) in the form of American Depositary Receipts. It is a
constituent of the Hang Seng Composite Index and is also included
for trading in the Shenzhen-Hong Kong Stock Connect programme and
the Shanghai-Hong Kong Stock Connect programme.
Prudential is not affiliated in any manner with Prudential
Financial, Inc. a company whose principal place of business is in
the United States of America, nor with The Prudential Assurance
Company Limited, a subsidiary of M&G plc, a company
incorporated in the United Kingdom.
The ISIN code for the ordinary shares of Prudential is GB0007099541
and the TIDM code is PRU.
https://www.prudentialplc.com/
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: 30
August 2024
|
|
PRUDENTIAL
PUBLIC LIMITED COMPANY
|
|
|
|
|
|
By: /s/ Ben Bulmer
|
|
|
|
|
|
Ben
Bulmer
|
|
|
Chief
Financial Officer
|
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