Prudential PLC Director/PDMR Shareholding (1975U)
21 November 2019 - 8:01PM
UK Regulatory
TIDMPRU
RNS Number : 1975U
Prudential PLC
21 November 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 Wells
----------------------------- --------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Group Chief Executive (PDMR)
----------------------------- --------------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------- --------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
GB0007099541
Identification code
----------------------------- --------------------------------------------------
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) Price(s) Volume(s)
(i) Nil 1,001,428
---------- ----------
(ii) Nil 188,478
---------- ----------
----------------------------- --------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------- --------------------------------------------------
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 Initial notification
/Amendment
--------------------------- --------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
GB0007099541
Identification code
--------------------------- --------------------------------------------------
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) Price(s) Volume(s)
(i) Nil 402,394
---------- ----------
(ii) Nil 71,929
---------- ----------
--------------------------- --------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- --------------------------------------------------
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 Initial notification
/Amendment
----------------------------- -----------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
GB0007099541
Identification code
----------------------------- -----------------------------------------------
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) Price(s) Volume(s)
(i) Nil 267,865
---------- ----------
(ii) Nil 24,560
---------- ----------
----------------------------- -----------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------- -----------------------------------------------
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 Initial notification
/Amendment
----------------------------- -----------------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
GB0007099541
Identification code
----------------------------- -----------------------------------------------------------
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) Price(s) Volume(s)
(i) Nil 42,102
---------- ----------
(ii) Nil 80,504
---------- ----------
(iii) Nil 121,083
---------- ----------
----------------------------- -----------------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------- -----------------------------------------------------------
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 Initial notification
/Amendment
----------------------------- -----------------------------------------------------------
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 Depositary Receipt ("ADR")
financial instrument,
type of instrument
74435K204
Identification code
----------------------------- -----------------------------------------------------------
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) Price(s) Volume(s)
(i) Nil 94,147
---------- ----------
(ii) Nil 31,033
---------- ----------
----------------------------- -----------------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------- -----------------------------------------------------------
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 Initial notification
/Amendment
----------------------------- --------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
GB0007099541
Identification code
----------------------------- --------------------------------------------------
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) Price(s) Volume(s)
(i) Nil 511,620
---------- ----------
(ii) Nil 128,008
---------- ----------
----------------------------- --------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------- --------------------------------------------------
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 Initial notification
/Amendment
----------------------------- --------------------------------------------------
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 Ordinary shares of 5 pence each
financial instrument,
type of instrument
GB0007099541
Identification code
----------------------------- --------------------------------------------------
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) Price(s) Volume(s)
(i) Nil 231,673
---------- ----------
(ii) Nil 89,825
---------- ----------
----------------------------- --------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------- --------------------------------------------------
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
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
DSHBBBLTMBMTMML
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November 21, 2019 04:01 ET (09:01 GMT)
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