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

(END) Dow Jones Newswires

November 21, 2019 04:01 ET (09:01 GMT)

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