The following text is the text of an announcement released to
The Stock Exchange of Hong Kong Limited on 13 November 2024
pursuant to rule 17.06A of the Rules Governing the Listing of
Securities (the "Listing Rules") on The Stock Exchange of Hong
Kong.
Hong Kong Exchanges and Clearing Limited, The Stock Exchange
of Hong Kong Limited and the Singapore Exchange Securities Trading
Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
(Incorporated and registered
in England and Wales with limited liability, registered number
01397169)
(Stock Code:
2378)
GRANT OF SHARE
OPTIONS
SUPPLEMENTAL
ANNOUNCEMENT
The attached announcement is being
released by Prudential plc on the date below.
By order of the
Board
Prudential
plc
Tom
Clarkson
Company
Secretary
13 November 2024, Hong
Kong
As at the date of this announcement,
the Board of Directors of Prudential plc comprises:
Chair
Shriti Vadera
Executive Director
Anil Wadhwani (Chief Executive Officer)
Independent Non-executive Directors
Jeremy David Bruce Anderson
CBE, Arijit Basu, Chua
Sock Koong, Ming Lu, George David Sartorel,
Mark Vincent Thomas Saunders
FIA, FASHK, Claudia
Ricarda Rita Suessmuth Dyckerhoff,
Jeanette Kai Yuan Wong and Yok Tak
Amy Yip
*
For identification purposes
13 November
2024
GRANT OF SHARE
OPTIONS
SUPPLEMENTAL
ANNOUNCEMENT
Reference is made to the
announcement of Prudential plc ("Prudential") issued on 7 October 2024
regarding the grant of share options under the
Prudential International Savings-Related Share
Option Scheme for Non-Employees (the "ISSOSNE") (the
"October ISSOSNE
Announcement"). As the October ISSOSNE Announcement
contained an inadvertent error relating to the number of
options granted, the Board wishes to clarify the correct number of
options granted by way of a supplemental announcement as set out
below.
This announcement is made pursuant
to Rule 17.06A of the Rules Governing the Listing of Securities on
The Stock Exchange of Hong Kong Limited (the "Listing Rules").
Prudential announces that on 4
October 2024, options were granted over a total of 511,813 new
ordinary shares (the "Options") to certain non-employees
under the ISSOSNE which was approved at the annual general meeting
on 25 May 2023. A summary is set out below:
|
Date of grant
|
:
|
4 October 2024
|
|
Number of Options granted
|
:
|
511,813
|
|
Exercise price of the Options
granted
|
:
|
HKD 53.40 per share, representing not less than 80% of the market value
of the shares
|
|
Closing price of the shares on the date of
grant
|
:
|
HKD 73.00 per share
|
|
Exercise period of the Options
granted
|
:
|
The Options are exercisable during
the respective maturity periods, 1 December 2027 to 31 May 2028 or
1 December 2029 to 31 May 2030
|
|
Vesting period of the Options
granted
|
:
|
The vesting period is 3 or 5 years
from the date of grant.
|
|
Grants to service providers or
related entity participants
|
:
|
ISSOSNE is designed to incentivise
and retain individuals, such as insurance agents, who are not
employees of Prudential or its subsidiaries (the "Group") but who are closely connected
with the Group. The Board of Directors of Prudential is of the view
that these grants will ensure Prudential's long term interests are
aligned and the grantees will be motivated to contribute towards
the Group's development.
|
The Options were granted to the
following category of grantees:
|
|
Number of
Options granted
|
|
Non-Employees
|
511,813
|
|
Total
|
511,813
|
None of the grantees of the Options
is a director, chief executive or substantial shareholder of
Prudential, nor an associate (as defined in the Listing Rules) of
any of them.
As at the date of the October
ISSOSNE Announcement and the date of this announcement, the maximum
number of shares available for future grant under the scheme
mandate of the above plans and any other plans of Prudential is
207,048,378 and the service provider sublimit of the above plan and
any other plans of Prudential is 38,997,344.
Reference is also made to the other
announcement made by Prudential issued on 7 October 2024 regarding
a certain grant of share options under the Prudential Sharesave
Plan 2023 (the "Sharesave")
(the "October Sharesave
Announcement"). Due to the inadvertent oversight in the
October ISSOSNE Announcement, the October Sharesave Announcement
misstated the maximum number of shares available for future
grant. The Board wishes to clarify that, as at the date of the
October Sharesave Announcement and the date of this announcement,
the maximum number of shares available for future grant was
207,048,378 under the scheme mandate of the Sharesave and any other
plans of Prudential.
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.
https://www.prudentialplc.com/