Prudential PLC — Director's Dealing 2024

Mar 28, 2024

National Storage Mechanism | Additional information

RNS Number : 7641I

Prudential PLC

28 March 2024

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

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, 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)    Acquisition of shares for nil consideration following the release of an award made in 2023 under the Prudential Global Long Term Incentive Plan by the trustee of the Prudential plc Employee Share Trust (the "Trustee")

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	Nil	46,477

d)

Aggregated information

- Aggregated volume

- Price

46,477

N/A

e)

Date of the transactions

2024-03-27

f)

Place of the transactions

Hong Kong Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Bulmer

2

Reason for the notification

a)

Position/status

Chief Financial 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)    Acquisition of shares for nil consideration following the release of an award made in 2021 under the Prudential Global 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 2022 under the Prudential Deferred Bonus Plan by the Trustee

(iii)  Acquisition of shares for nil consideration following the release of an award made in 2022 under the Prudential Global Long Term Incentive Plan by the Trustee

(iv)  Acquisition of shares for nil consideration following the release of an award made in 2023 under the Prudential Global Long Term Incentive Plan by the Trustee

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	Nil	12,863
(ii)	Nil	29,472
(iii)	Nil	13,015
(iv)	Nil	16,985

d)

Aggregated information

- Aggregated volume

- Price

72,335

N/A

e)

Date of the transactions

2024-03-27

f)

Place of the transactions

Hong Kong Stock Exchange

1

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 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 transactions

(i)    Acquisition of shares for nil consideration following the release of  awards made in 2023 under the Prudential Restricted Share 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 2023 under the Prudential Global Long Term Incentive Plan by the Trustee

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	Nil	6,102
(ii)	Nil	1,777

d)

Aggregated information

- Aggregated volume

- Price

7,879

N/A

e)

Date of the transactions

2024-03-27

f)

Place of the transactions

Hong Kong Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Avnish Kalra

2

Reason for the notification

a)

Position/status

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 transactions

(i)    Acquisition of shares for nil consideration following the release of an award made in 2021 under the Prudential Global 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 2022 under the Prudential Deferred Bonus Plan by the Trustee

(iii)  Acquisition of shares for nil consideration following the release of an award made in 2022 under the Prudential Global Long Term Incentive Plan by the Trustee

(iv)  Acquisition of shares for nil consideration following the release of an award made in 2023 under the Prudential Global Long Term Incentive Plan by the Trustee

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	Nil	18,645
(ii)	Nil	38,134
(iii)	Nil	17,710
(iv)	Nil	29,088

d)

Aggregated information

- Aggregated volume

- Price

103,577

N/A

e)

Date of the transactions

2024-03-27

f)

Place of the transactions

Hong Kong Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bill Maldonado

2

Reason for the notification

a)

Position/status

Chief Executive Officer Eastpring Investments Group (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)    Acquisition of shares for nil consideration following the release of an award made in 2022 under the Prudential Global 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 2023 under the Prudential Global Long Term Incentive Plan by the Trustee

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	Nil	1,277
(ii)	Nil	9,080

d)

Aggregated information

- Aggregated volume

- Price

10,357

N/A

e)

Date of the transactions

2024-03-27

f)

Place of the transactions

Hong Kong Stock Exchange

1

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, 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)    Acquisition of shares for nil consideration following the release of an award made in 2021 under the Prudential Global 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 2022 under the Prudential Deferred Bonus Plan by the Trustee

(iii)  Acquisition of shares for nil consideration following the release of an award made in 2022 under the Prudential Global Long Term Incentive Plan by the Trustee

(iv)  Acquisition of shares for nil consideration following the release of an award made in 2023 under the Prudential Global Long Term Incentive Plan by the Trustee

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	Nil	47,924
(ii)	Nil	85,457
(iii)	Nil	43,368
(iv)	Nil	48,569

d)

Aggregated information

- Aggregated volume

- Price

225,318

N/A

e)

Date of the transactions

2024-03-27

f)

Place of the transactions

Hong Kong Stock Exchange

1

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 (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)   Acquisition of shares for nil consideration following the release of an award made in 2021 under the Prudential Global 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 2022 under the Prudential Deferred Bonus Plan by the Trustee

(iii) Acquisition of shares for nil consideration following the release of an award made in 2022 under the Prudential Global Long Term Incentive Plan by the Trustee

(iv) Acquisition of shares for nil consideration following the release of an award made in 2023 under the Prudential Global Long Term Incentive Plan by the Trustee

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	Nil	18,689
(ii)	Nil	43,919
(iii)	Nil	20,850
(iv)	Nil	27,319

d)

Aggregated information

- Aggregated volume

- Price

110,777

N/A

e)

Date of the transactions

2024-03-27

f)

Place of the transactions

Hong Kong Stock Exchange

1

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, 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)     Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2025

(ii)    Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2026

(iii)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027

(iv)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027 subject to the achievement of performance criteria

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	HKD 74.85	65,597
(ii)	HKD 74.85	65,597
(iii)	HKD 74.85	65,597
(iv)	HKD 74.85	98,396

d)

Aggregated information

- Aggregated volume

- Price

295,187

HKD 74.85

e)

Date of the transactions

2024-03-26

f)

Place of the transactions

Hong Kong Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Bulmer

2

Reason for the notification

a)

Position/status

Chief Financial 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)     Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2025

(ii)    Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2026

(iii)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027

(iv)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027 subject to the achievement of performance criteria

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	HKD 74.85	44,297
(ii)	HKD 74.85	44,297
(iii)	HKD 74.85	44,297
(iv)	HKD 74.85	66,446

d)

Aggregated information

- Aggregated volume

- Price

199,337

HKD 74.85

e)

Date of the transactions

2024-03-26

f)

Place of the transactions

Hong Kong Stock Exchange

1

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 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 transactions

(i)     Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2025

(ii)    Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2026

(iii)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027

(iv)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027 subject to the achievement of performance criteria

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	HKD 74.85	21,567
(ii)	HKD 74.85	21,567
(iii)	HKD 74.85	21,567
(iv)	HKD 74.85	32,351

d)

Aggregated information

- Aggregated volume

- Price

97,052

HKD 74.85

e)

Date of the transactions

2024-03-26

f)

Place of the transactions

Hong Kong Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Avnish Kalra

2

Reason for the notification

a)

Position/status

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 transactions

(i)     Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2025

(ii)    Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2026

(iii)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027

(iv)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027 subject to the achievement of performance criteria

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	HKD 74.85	49,500
(ii)	HKD 74.85	49,500
(iii)	HKD 74.85	49,500
(iv)	HKD 74.85	74,251

d)

Aggregated information

- Aggregated volume

- Price

222,751

HKD 74.85

e)

Date of the transactions

2024-03-26

f)

Place of the transactions

Hong Kong Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bill Maldonado

2

Reason for the notification

a)

Position/status

Chief Executive Officer Eastpring Investments Group (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)    Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2025

(ii)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2026

(iii)  Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027

(iv)  Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027 subject to the achievement of performance criteria

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	HKD 74.85	10,218
(ii)	HKD 74.85	10,218
(iii)	HKD 74.85	10,218
(iv)	HKD 74.85	15,327

d)

Aggregated information

- Aggregated volume

- Price

45,981

HKD 74.85

e)

Date of the transactions

2024-03-26

f)

Place of the transactions

Hong Kong Stock Exchange

1

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, 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)     Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2025

(ii)    Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2026

(iii)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027

(iv)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027 subject to the achievement of performance criteria

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	HKD 74.85	55,095
(ii)	HKD 74.85	55,095
(iii)	HKD 74.85	55,095
(iv)	HKD 74.85	82,642

d)

Aggregated information

- Aggregated volume

- Price

247,927

HKD 74.85

e)

Date of the transactions

2024-03-26

f)

Place of the transactions

Hong Kong Stock Exchange

1

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 (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)     Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2025

(ii)    Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2026

(iii)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027

(iv)   Receipt of an award under the Prudential Global Long Term Incentive Plan to be released in March 2027 subject to the achievement of performance criteria

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	HKD 74.85	30,617
(ii)	HKD 74.85	30,617
(iii)	HKD 74.85	30,617
(iv)	HKD 74.85	45,925

d)

Aggregated information

- Aggregated volume

- Price

137,776

HKD 74.85

e)

Date of the transactions

2024-03-26

f)

Place of the transactions

Hong Kong Stock Exchange

1

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, 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)    Receipt of an award under the Deferred Annual Incentive Plan to be released in March 2027

(ii)   Receipt of an award under the Prudential Long Term Incentive Plan 2023 to be released in March 2027

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
(i)	HKD 74.85	129,947
(ii)	HKD 74.85	697,317

d)

Aggregated information

- Aggregated volume

- Price

827,264

HKD 74.85

e)

Date of the transactions

2024-03-26

f)

Place of the transactions

Hong Kong Stock Exchange

Additional information

About Prudential plc

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential's mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. 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 the 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

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END

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