Prudential PLC — Director's Dealing 2019

Nov 14, 2019

National Storage Mechanism | Additional information

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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 /Amendment

Initial notification

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 financial instrument, type of instrument

Identification code

American Depositary Receipt ("ADR")

74435K204

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

- Aggregated volume

- Price

(i)         Exercise of option:

Price(s)	Volume(s)
USD 0.12642	13,407

(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.

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