Prudential PLC Director/PDMR Shareholding (1943N)
18 Maggio 2020 - 11:00AM
UK Regulatory
TIDMPRU
RNS Number : 1943N
Prudential PLC
18 May 2020
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 transactions (i) Receipt of an award under the
Prudential Long Term Incentive Plan
to vest in May 2023 subject to the
achievement of performance criteria
--------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.85 423,594
----------- ----------
--------------------------- --------------------------------------------------
d) Aggregated information
- Aggregated volume 423,594
- Price GBP 10.85
--------------------------- --------------------------------------------------
e) Date of the transactions 2020-05-15
--------------------------- --------------------------------------------------
f) Place of the transactions 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) Receipt of an award under the
Prudential Long Term Incentive Plan
to vest in May 2023 subject to the
achievement of performance criteria
--------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.85 175,115
----------- ----------
--------------------------- --------------------------------------------------
d) Aggregated information
- Aggregated volume 175,115
- Price GBP 10.85
--------------------------- --------------------------------------------------
e) Date of the transactions 2020-05-15
--------------------------- --------------------------------------------------
f) Place of the transactions London Stock Exchange
--------------------------- --------------------------------------------------
1 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 transactions (i) Receipt of an award under the
Prudential Long Term Incentive Plan
to vest in May 2023 subject to the
achievement of performance criteria
--------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP 10.85 177,562
----------- ----------
--------------------------- --------------------------------------------------
d) Aggregated information
- Aggregated volume 177,562
- Price GBP 10.85
--------------------------- --------------------------------------------------
e) Date of the transactions 2020-05-15
--------------------------- --------------------------------------------------
f) Place of the transactions London Stock Exchange
--------------------------- --------------------------------------------------
Additional information
The Prudential Long Term Incentive Plan share awards granted on
15 May 2020 were made under the revised Directors' Remuneration
Policy approved at Prudential's Annual General Meeting on 14 May
2020. The value of the awards is based on arrangements refered to
in the Update on Executive Director Remuneration announcement
published on 9 April 2020.
The Board's Remuneration Committee may reduce the vesting level
of the awards in 2023 to ensure PDMRs do not benefit from windfall
gains. The committee will consider Prudential's stretching
performance targets; the share prices of Prudential and its peers;
the prices of the indices on which Prudential is listed; and any
other factors deemed relevant. These share awards are subject to a
further two-year holding period which cannot be charged, pledged,
transferred or otherwise encumbered.
The awards granted to Mike Wells, Mark FitzPatrick and James
Turner refered to in the Director/PDMR Shareholding announcement on
9 April 2020 relate to the deferred portion of their 2019 Annual
Incentive Plan bonus.
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 nor with the Prudential Assurance
Company, a subsidiary of M&G plc, a company incorporated in the
United Kingdom.
Enquiries:
Media Investors/Analysts
+44 (0)20 3977 +44 (0)20 3977
Jonathan Oliver 9500 Patrick Bowes 9702
+44 (0)20 3977 +44 (0)20 3977
Tom Willetts 9760 William Elderkin 9215
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
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