Prudential PLC Director/PDMR Shareholding (9347S)
15 March 2019 - 3:00AM
UK Regulatory
TIDMPRU
RNS Number : 9347S
Prudential PLC
14 March 2019
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 Falcon
-------------------------- ----------------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------
a) Position/status Executive Director (PDMR)
-------------------------- ----------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
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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 American Depository Receipt ("ADR")
financial instrument,
type of instrument
74435K204
Identification code
-------------------------- ----------------------------------------------------------------
b) Nature of the transaction Grant of ADR options
In line with the announcement made
on 12 October 2018, Prudential plc
entered into an agreement on 14 March
2019 with Michael Falcon to replace
unvested awards forfeited as a consequence
of joining Prudential plc on 1 January
2019.
Under the agreement Mr Falcon has
been granted an option entitling
him to receive a cash amount equal
to the market value of a specified
notional number of Prudential ADRs
on the date of exercise, less an
option price of 12.642 cents (being
the US $ equivalent of 10 pence per
ADR on 19 December 2018, the last
day of Mr Falcon's JP Morgan Asset
Management employment). The option
will vest on the dates detailed below:
Exercise Period Number of notional
Prudential PLC
ADRs
25 October 2019
to 24 November
2019 11,224
-------------------
30 days commencing
on the date of
release of Prudential
plc's Full Year
Results for 2019 30,938
-------------------
30 days commencing
on the date of
release of Prudential
plc's Full Year
results for 2020 14,380
-------------------
This replacement award has been made
on a like-for-like basis, with the
option exercisable in accordance
with the original vesting timeframe
which attached to the forfeited awards.
This arrangement has been put in
place in accordance with Listing
Rule 9.4.2, which allows an individual
scheme to be put in place to assist
with the recruitment of an executive
director, and is consistent with
Prudential plc's Directors' Remuneration
Policy.
-------------------------- ----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
USD 0.12642 56,542
----------
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d) Aggregated information
- Aggregated volume 56,542
- Price USD 0.12642
-------------------------- ----------------------------------------------------------------
e) Date of the transaction 2019-03-14
-------------------------- ----------------------------------------------------------------
f) Place of the transaction 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.
Contact
Chris Smith, Deputy Group Secretary, +44 (0)20 3977 9639
Jennie Webb, Share Plans Manager, +44 (0)20 3977 9750
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHJIMATMBABBJL
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