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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(END) Dow Jones Newswires

April 09, 2020 10:30 ET (14:30 GMT)

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