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Prudential plc Director's Dealing 2023

May 23, 2023

50562_rns_2023-05-23_bdd4a884-2c03-46b9-87b0-bc8ec05efbda.pdf

Director's Dealing

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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.

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(Incorporated and registered in England and Wales with limited liability, registered number 01397169)

(Stock Code: 2378)

OVERSEAS REGULATORY ANNOUNCEMENT

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

OVERSEAS REGULATORY ANNOUNCEMENT
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
AND PERSONS CLOSELY ASSOCIATED WITH THEM
OVERSEAS REGULATORY ANNOUNCEMENT
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 Avnish Kalra
2 Reason for the notification
a) Position/status Group Chief Risk and Compliance Officer (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i) Acquisition of shares for nil consideration following the
release of an award made in 2020 under the Prudential PCA
Long Term Incentive Plan by the trustee of the Prudential
plc Employee Share Trust (the “Trustee”)
(ii) Acquisition of shares for nil consideration following the
release of an award made in 2020 under the Prudential Long
Term Incentive Plan by the Trustee
(iii) Acquisition of shares for nil consideration following the
release of an award made in 2021 under the Prudential
Corporation Asia Deferred Bonus Plan by the Trustee
(iv) Acquisition of shares for nil consideration following the
release of an award made in 2022 under the Prudential
Africa and Asia (PAA) Long Term Incentive Plan by the
Trustee
  • 1 -
c) Price(s) and volume(s) Volume(s)
31,030
11,477
25,392
17,778
Price(s) Volume(s)
(i) Nil 31,030
(ii) Nil 11,477
(iii) Nil 25,392
(iv) Nil 17,778
d) Aggregated information
- Aggregated volume
- Price
85,677
N/A
e) Date of the transaction 2023-05-19
f) Place of the transaction Hong Kong Stock Exchange
  • 2 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Lilian Ng
2 Reason for the notification
a) Position/status Managing Director, Strategic Business Group (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i)
Acquisition of shares for nil consideration following the
release of an award made in 2020 under the Prudential PCA
Long Term Incentive Plan by the trustee of the Prudential
plc Employee Share Trust (the “Trustee”)
(ii)
Acquisition of shares for nil consideration following the
release of an award made in 2020 under the Prudential Long
Term Incentive Plan by the Trustee
(iii) Acquisition of shares for nil consideration following the
release of an award made in 2021 under the Prudential
Corporation Asia Deferred Bonus Plan by the Trustee
(iv) Acquisition of shares for nil consideration following the
release of an award made in 2022 under the Prudential
Africa and Asia (PAA) Long Term Incentive Plan by the
Trustee
c) Price(s) and volume(s) Volume(s)
79,758
29,510
57,654
43,531
Price(s) Volume(s)
(i) Nil 79,758
(ii) Nil 29,510
(iii) Nil 57,654
(iv) Nil 43,531
d) Aggregated information
- Aggregated volume
- Price
210,453
N/A
e) Date of the transaction 2023-05-19
f) Place of the transaction Hong Kong Stock Exchange
  • 3 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Lilian Ng
2 Reason for the notification
a) Position/status Managing Director, Strategic Business Group (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i)
Sale of shares in relation to the release of vested share
awards
c) Price(s) and volume(s) Volume(s)
210,453
Price(s) Volume(s)
(i) HKD 113.10 210,453
d) Aggregated information
- Aggregated volume
- Price
210,453
HKD 113.10
e) Date of the transaction 2023-05-19
f) Place of the transaction Hong Kong Stock Exchange
  • 4 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Dennis Tan
2 Reason for the notification
a) Position/status Managing Director, Strategic Business Group and CEO Prudential
Assurance Company Singapore (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i) Acquisition of shares for nil consideration following the
release of an award made in 2020 under the Prudential PCA
Long Term Incentive Plan by the trustee of the Prudential
plc Employee Share Trust (the “Trustee”)
(ii) Acquisition of shares for nil consideration following the
release of an award made in 2020 under the Prudential Long
Term Incentive Plan by the Trustee
(iii) Acquisition of shares for nil consideration following the
release of an award made in 2021 under the Prudential
Corporation Asia Deferred Bonus Plan by the Trustee
(iv) Acquisition of shares for nil consideration following the
release of an award made in 2022 under the Prudential
Africa and Asia (PAA) Long Term Incentive Plan by the
Trustee
c) Price(s) and volume(s) Volume(s)
29,311
10,717
36,097
20,929
Price(s) Volume(s)
(i) Nil 29,311
(ii) Nil 10,717
(iii) Nil 36,097
(iv) Nil 20,929
d) Aggregated information
- Aggregated volume
- Price
97,054
N/A
e) Date of the transaction 2023-05-19
f) Place of the transaction Hong Kong Stock Exchange
  • 5 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Anil Wadhwani
2 Reason for the notification
a) Position/status Chief Executive Officer (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i) Receipt of an award under the Deferred Annual Incentive
Plan to be released in April 2026
c) Price(s) and volume(s) Volume(s)
33,301
Price(s) Volume(s)
(i) HKD 109.90 33,301
d) Aggregated information
- Aggregated volume
- Price
33,301
HKD 109.90
e) Date of the transaction 2023-05-22
f) Place of the transaction Hong Kong Stock Exchange
  • 6 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Solmaz Altin
2 Reason for the notification
a) Position/status Managing Director, Strategic Business Group (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2024
(ii)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025
(iii) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026
(iv) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2024 subject to the achievement of performance criteria
(v)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025 subject to the achievement of performance criteria
(vi) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026 subject to the achievement of performance criteria
c) Price(s) and volume(s) Volume(s)
35,456
35,456
35,456
17,728
17,728
17,728
Price(s) Volume(s)
(i) HKD 109.90 35,456
(ii) HKD 109.90 35,456
(iii) HKD 109.90 35,456
(iv) HKD 109.90 17,728
(v) HKD 109.90 17,728
(vi) HKD 109.90 17,728
  • 7 -
d) Aggregated information
- Aggregated volume
- Price
159,552
HKD 109.90
e) Date of the transaction 2023-05-22
f) Place of the transaction Hong Kong Stock Exchange
  • 8 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Catherine Chia
2 Reason for the notification
a) Position/status Chief Human Resources Officer (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i)
Receipt of an award under the Prudential Africa Receipt of
an award under the Prudential Africa and Asia (PAA) Long
Term Incentive Plan to be released in April 2024
(ii)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025
(iii) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026
(iv) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026 subject to the achievement of performance criteria
c) Price(s) and volume(s) Volume(s)
1,777
1,777
1,778
3,855
Price(s) Volume(s)
(i) HKD 108 1,777
(ii) HKD 108 1,777
(iii) HKD 108 1,778
(iv) HKD 108 3,855
d) Aggregated information
- Aggregated volume
- Price
9,187
HKD 108
e) Date of the transaction 2023-05-22
f) Place of the transaction Hong Kong Stock Exchange
  • 9 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Avnish Kalra
2 Reason for the notification
a) Position/status Group Chief Risk and Compliance Officer (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2024
(ii)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025
(iii) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026
(iv) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2024 subject to the achievement of performance criteria
(v)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025 subject to the achievement of performance criteria
(vi) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026 subject to the achievement of performance criteria
c) Price(s) and volume(s) Volume(s)
22,191
22,191
22,191
11,095
11,095
11,095
Price(s) Volume(s)
(i) HKD 109.90 22,191
(ii) HKD 109.90 22,191
(iii) HKD 109.90 22,191
(iv) HKD 109.90 11,095
(v) HKD 109.90 11,095
(vi) HKD 109.90 11,095
  • 10 -
d) Aggregated information
- Aggregated volume
- Price
99,858
HKD 109.90
e) Date of the transaction 2023-05-22
f) Place of the transaction Hong Kong Stock Exchange
  • 11 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Lilian Ng
2 Reason for the notification
a) Position/status Managing Director, Strategic Business Group (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2024
(ii)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025
(iii) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026
(iv) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2024 subject to the achievement of performance criteria
(v)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025 subject to the achievement of performance criteria
(vi) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026 subject to the achievement of performance criteria
(vii) Receipt of an award under the Prudential Deferred Bonus
Plan to be released in April 2025
c) Price(s) and volume(s) Volume(s)
37,052
37,052
37,052
18,526
18,526
18,526
Price(s) Volume(s)
(i) HKD 109.90 37,052
(ii) HKD 109.90 37,052
(iii) HKD 109.90 37,052
(iv) HKD 109.90 18,526
(v) HKD 109.90 18,526
(vi) HKD 109.90 18,526
  • 12 -
(vii) HKD 109.90 89,067
d) Aggregated information
- Aggregated volume
- Price
255,801
HKD 109.90
e) Date of the transaction 2023-05-22
f) Place of the transaction Hong Kong Stock Exchange
  • 13 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name Dennis Tan
2 Reason for the notification
a) Position/status Managing Director, Strategic Business Group and CEO Prudential
Assurance Company Singapore (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2024
(ii)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025
(iii) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026
(iv) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2024 subject to the achievement of performance criteria
(v)
Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2025 subject to the achievement of performance criteria
(vi) Receipt of an award under the Prudential Africa and Asia
(PAA) Long Term Incentive Plan to be released in April
2026 subject to the achievement of performance criteria
(vii) Receipt of an award under the Prudential Deferred Bonus
Plan to be released in April 2025
  • 14 -
c) Price(s) and volume(s) Volume(s)
20,841
20,841
20,841
10,420
10,420
10,420
52,819
Price(s) Volume(s)
(i) HKD 109.90 20,841
(ii) HKD 109.90 20,841
(iii) HKD 109.90 20,841
(iv) HKD 109.90 10,420
(v) HKD 109.90 10,420
(vi) HKD 109.90 10,420
(vii) HKD 109.90 52,819
d) Aggregated information
- Aggregated volume
- Price
146,602
HKD 109.90
e) Date of the transaction 2023-05-22
f) Place of the transaction Hong Kong Stock Exchange
  • 15 -
1 Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated Details of the person discharging managerial responsibilities / person closely associated
a) Name James Turner
2 Reason for the notification
a) Position/status Group Chief Financial Officer (PDMR)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform or auctioneer
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 financial
instrument, type of instrument
Identification code
Ordinary shares of 5 pence each
GB0007099541
b) Nature of the transactions (i) Receipt of an award under the Prudential Long Term
Incentive Plan to be released in April 2026 subject to the
achievement of performance criteria
(ii) Receipt of an award under the Deferred Annual Incentive
Plan to be released in April 2026
c) Price(s) and volume(s) Volume(s)
199,991
50,353
Price(s) Volume(s)
(i) HKD 112.13 199,991
(ii) HKD 109.90 50,353
d) Aggregated information
- Aggregated volume
- Price
250,344
HKD 111.68
e) Date of the transaction 2023-05-22
f) Place of the transaction Hong Kong Stock Exchange
  • 16 -

Additional information

About Prudential plc

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people’s wealth, helps them grow their assets, and empowers them to save for their goals. 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 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/

Contact

Hannah Perera, Director, Group Reward and Employee Relations and CHRO UK Group HR, +44 (0)20 3977 9529

Sylvia Edwards, Deputy Group Secretary, +44 (0)20 3977 9214

23 May 2023, London

As at the date of this announcement, the Board of Directors of Prudential plc comprises:

Chair

Shriti Vinodkant Vadera

Executive Director Anil Wadhwani (Chief Executive Officer)

Independent Non-executive Directors

Jeremy David Bruce Anderson CBE, Arijit Basu, Chua Sock Koong, David John Alexander Law ACA, Ming Lu, Lord Remnant (Philip John) CBE FCA, George David Sartorel, Claudia Ricarda Rita Suessmuth Dyckerhoff, Thomas Ros Watjen, Jeanette Kai Yuan Wong and Yok Tak Amy Yip

* For identification purposes

  • 17 -