TIDMPRU

RNS Number : 4659T

Prudential PLC

14 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 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) Exercise of option over notional 
                                      ADRs (including related dividend 
                                      equivalent and the value of the demerger 
                                      dividend). 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; and 
                                      (ii) Receiving a gross cash amount 
                                      of USD 464,198.34 in accordance with 
                                      the terms of that option. 
     -----------------------------  ------------------------------------------------------ 
 c)   Price(s) and volume(s)                          (i) Exercise of option: 
                                                             Price(s)    Volume(s) 
                                                        USD 0.12642      13,407 
                                                                        ---------- 
 
                                                       (ii) Receipt of a gross cash amount 
 
 
                                                       USD 464,198.34 
     -----------------------------  ------------------------------------------------------ 
 d)   Aggregated information 
                                              (i) Exercise of option: 
       - Aggregated volume                          Price(s)    Volume(s) 
                                               USD 0.12642      13,407 
       - Price                                                 ---------- 
 
                                              (ii) Receipt of a gross cash amount 
 
 
                                              USD 464,198.34 
     -----------------------------  ------------------------------------------------------ 
 e)   Date of the transaction(s)     2019-11-13 
     -----------------------------  ------------------------------------------------------ 
 f)   Place of the transaction(s)    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 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

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November 14, 2019 10:00 ET (15:00 GMT)

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