Prudential PLC Director/PDMR Shareholding (4204J)
10 April 2020 - 12:30AM
UK Regulatory
TIDMPRU
RNS Number : 4204J
Prudential PLC
09 April 2020
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 transactions (i) Receipt of an award under the
Annual Incentive Plan to be released
in April 2023
---------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.49 83,782
----------- ----------
---------------------------- --------------------------------------------------
Aggregated information
- Aggregated volume 83,782
d) - Price 10.49
---------------------------- --------------------------------------------------
e) Date of the transactions 2020-04-09
---------------------------- --------------------------------------------------
f) Place of the transactions 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) Receipt of an award under the
Annual Incentive Plan to be released
in April 2023
--------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.49 48,780
----------- ----------
--------------------------- --------------------------------------------------
d) Aggregated information
- Aggregated volume 48,780
- Price GBP 10.49
--------------------------- --------------------------------------------------
e) Date of the transactions 2020-04-09
--------------------------- --------------------------------------------------
f) Place of the transactions London Stock Exchange
--------------------------- --------------------------------------------------
1 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 transactions (i) Receipt of an award under the
Annual Incentive Plan to be released
in April 2023
--------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.49 42,125
----------- ----------
--------------------------- --------------------------------------------------
d) Aggregated information
- Aggregated volume 42,125
- Price GBP 10.49
--------------------------- --------------------------------------------------
e) Date of the transactions 2020-04-09
--------------------------- --------------------------------------------------
f) Place of the transactions London Stock Exchange
--------------------------- --------------------------------------------------
1 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 transactions (i) Receipt of an award under the
Prudential Long Term Incentive Plan
to vest in April 2023 subject to
the achievement of performance criteria
(ii) Receipt of an award under the
Annual Incentive Plan to be released
in April 2023
(iii) Receipt of an award under the
Restricted Stock Plan 2015 to be
released in April 2023
--------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) USD 25.87 123,695
----------- ----------
(ii) USD 25.87 65,021
----------- ----------
(iii) USD 25.87 121,072
----------- ----------
--------------------------- ----------------------------------------------------
d) Aggregated information 309,788
USD 25.87
- Aggregated volume
- Price
--------------------------- ----------------------------------------------------
e) Date of the transactions 2020-04-09
--------------------------- ----------------------------------------------------
f) Place of the transactions 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, 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 transactions (i) Receipt of an award under the
Prudential Long Term Incentive Plan
to vest in April 2023 subject to
the achievement of performance criteria
(ii) Receipt of an award under the
Annual Incentive Plan to be released
in April 2023
--------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.49 273,381
----------- ----------
(ii) GBP 10.49 75,965
----------- ----------
--------------------------- ---------------------------------------------------
d) Aggregated information
- Aggregated volume 349,346
- Price GBP 10.49
--------------------------- ---------------------------------------------------
e) Date of the transactions 2020-04-09
--------------------------- ---------------------------------------------------
f) Place of the transactions 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 transactions (i) Receipt of an award under the
Prudential Long Term Incentive Plan
to vest in April 2023 subject to
the achievement of performance criteria
(ii) Receipt of an award under the
Annual Incentive Plan to be released
in April 2023
--------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.49 103,527
----------- ----------
(ii) GBP 10.49 55,958
----------- ----------
--------------------------- ---------------------------------------------------
d) Aggregated information
- Aggregated volume 159,485
- Price GBP 10.49
--------------------------- ---------------------------------------------------
e) Date of the transactions 2020-04-09
--------------------------- ---------------------------------------------------
f) Place of the transactions 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 transactions (i) Receipt of an award under the
Prudential Long Term Incentive Plan
to vest in April 2023 subject to
the achievement of performance criteria
(ii) Receipt of an award under the
Annual Incentive Plan to be released
in April 2023
(iii) Receipt of an award under the
PCA Deferred Bonus Plan to be released
in April 2022
--------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.49 86,841
----------- ----------
(ii) GBP 10.49 8,650
----------- ----------
(iii) GBP 10.49 59,050
----------- ----------
--------------------------- ----------------------------------------------------
d) Aggregated information
- Aggregated volume 154,541
- Price GBP 10.49
--------------------------- ----------------------------------------------------
e) Date of the transactions 2020-04-09
--------------------------- ----------------------------------------------------
f) Place of the transactions London Stock Exchange
--------------------------- ----------------------------------------------------
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 Acquisition of shares through the
Prudential Group Share Incentive
Plan
----------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 10.405 19
----------
----------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume 19
- Price GBP 10.405
----------------------------- ------------------------------------
e) Date of the transaction 2020-04-08
----------------------------- ------------------------------------
f) Place of the transaction 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 transaction Acquisition of shares through the
Prudential Group Share Incentive
Plan
----------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 10.405 19
----------
----------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume 19
- Price GBP 10.405
----------------------------- ------------------------------------
e) Date of the transaction 2020-04-08
----------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange
----------------------------- ------------------------------------
Additional information
The Prudential plc Remuneration Committee will consider all
relevant factors when the 2020 Prudential Long Term Incentive Plan
awards vest in April 2023 and may reduce vesting levels to ensure
that PDMRs do not benefit from windfall gains. These factors will
include the timing and extent of the recovery of the share prices
of Prudential, its peer group and the indices on which it is
listed, the performance of the Company over the period 2020 - 2022
and any other considerations that the Committee deems relevant.
In the case of shares being granted under the Prudential Long
Term Incentive Plan these awards are subject to a further 2 year
holding period which cannot be charged, pledged, transferred or
otherwise encumbered following release.
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 nor 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
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