AI assistant
Prudential PLC — Director's Dealing 2019
Nov 21, 2019
4668_dirs_2019-11-21_f27c204e-12ca-4ccc-869e-647c392b3f45.html
Director's Dealing
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information
You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.
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 /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
Ordinary shares of 5 pence each
GB0007099541
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
- Aggregated volume
- Price
N/A
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 /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
Ordinary shares of 5 pence each
GB0007099541
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
- Aggregated volume
- Price
N/A
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 /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
Ordinary shares of 5 pence each
GB0007099541
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
- Aggregated volume
- Price
N/A
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 /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
Ordinary shares of 5 pence each
GB0007099541
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
- Aggregated volume
- Price
N/A
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 /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) 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
- Aggregated volume
- Price
N/A
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 /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
Ordinary shares of 5 pence each
GB0007099541
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
- Aggregated volume
- Price
N/A
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 /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
Ordinary shares of 5 pence each
GB0007099541
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
- Aggregated volume
- Price
N/A
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 [email protected] or visit www.rns.com.
END
DSHBBBLTMBMTMML