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Prudential PLC - Director/PDMR Shareholding

RNS Number : 4204J
Prudential PLC
09 April 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 /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 Annual Incentive Plan to be released in April 2023

 

c)

 

Price(s) and volume(s)

 

 

 


Price(s)

Volume(s)

(i)

GBP 10.49

83,782

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

83,782

 

10.49

e)

 

Date of the transactions

 

2020-04-09

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 /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 Annual Incentive Plan to be released in April 2023

 

c)

 

Price(s) and volume(s)

 

 

 


Price(s)

Volume(s)

(i)

GBP 10.49

48,780

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

48,780

 

GBP 10.49

e)

 

Date of the transactions

 

2020-04-09

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 /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 Annual Incentive Plan to be released in April 2023

 

c)

 

Price(s) and volume(s)

 

 

 


Price(s)

Volume(s)

(i)

GBP 10.49

42,125

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

42,125

 

GBP 10.49

e)

 

Date of the transactions

 

2020-04-09

f)

 

Place of the transactions

 

London Stock Exchange

 

 

 

 

 

 

 

 

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 transactions

 

 

(i)         Receipt of an award under the Prudential Long Term Incentive Plan to vest in April 2023 subject to the achievement of performance criteria

(ii)        Receipt of an award under the Annual Incentive Plan to be released in April 2023

(iii)       Receipt of an award under the Restricted Stock Plan 2015 to be released in April 2023

 

c)

 

Price(s) and volume(s)

 

 

 


Price(s)

Volume(s)

(i)

USD 25.87

123,695

 

(ii)

USD 25.87

 

65,021

(iii)

USD 25.87

121,072

 

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

309,788

 

USD 25.87

e)

 

Date of the transactions

 

2020-04-09

f)

 

Place of the transactions

 

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, 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 transactions

 

 

(i)    Receipt of an award under the Prudential Long Term Incentive Plan to vest in April 2023 subject to the achievement of performance criteria

(ii)   Receipt of an award under the Annual Incentive Plan to be released in April 2023

 

c)

 

Price(s) and volume(s)

 

 

 


Price(s)

Volume(s)

(i)

GBP 10.49

273,381

 

(ii)

GBP 10.49

75,965

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

349,346

 

GBP 10.49

e)

 

Date of the transactions

 

2020-04-09

f)

 

Place of the transactions

 

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 transactions

 

 

(i)    Receipt of an award under the Prudential Long Term Incentive Plan to vest in April 2023 subject to the achievement of performance criteria

(ii)   Receipt of an award under the Annual Incentive Plan to be released in April 2023

 

c)

 

Price(s) and volume(s)

 

 

 


Price(s)

Volume(s)

(i)

GBP 10.49

103,527

 

(ii)

GBP 10.49

55,958

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

159,485

 

GBP 10.49

e)

 

Date of the transactions

 

2020-04-09

f)

 

Place of the transactions

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 transactions

 

 

(i)         Receipt of an award under the Prudential Long Term Incentive Plan to vest in April 2023 subject to the achievement of performance criteria

(ii)        Receipt of an award under the Annual Incentive Plan to be released in April 2023

(iii)       Receipt of an award under the PCA Deferred Bonus Plan to be released in April 2022

c)

 

Price(s) and volume(s)

 

 

 


Price(s)

Volume(s)

(i)

GBP 10.49

86,841

 

(ii)

GBP 10.49

8,650

 

(iii)

GBP 10.49

59,050

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

154,541

 

GBP 10.49

e)

 

Date of the transactions

 

2020-04-09

f)

 

Place of the transactions

 

London Stock Exchange

 

 

 

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

 

 

Acquisition of shares through the Prudential Group Share Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

GBP 10.405

19

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

19

 

GBP 10.405

 

e)

 

Date of the transaction

 

2020-04-08

f)

 

Place of the transaction

 

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 transaction

 

 

Acquisition of shares through the Prudential Group Share Incentive Plan

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

GBP 10.405

 

19

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

19

 

GBP 10.405

e)

 

Date of the transaction

 

2020-04-08

f)

 

Place of the transaction

 

London Stock Exchange



 

 

Additional information

The Prudential plc Remuneration Committee will consider all relevant factors when the 2020 Prudential Long Term Incentive Plan awards vest in April 2023 and may reduce vesting levels to ensure that PDMRs do not benefit from windfall gains. These factors will include the timing and extent of the recovery of the share prices of Prudential, its peer group and the indices on which it is listed, the performance of the Company over the period 2020 - 2022 and any other considerations that the Committee deems relevant. 

In the case of shares being granted under the Prudential Long Term Incentive Plan these awards are subject to a further 2 year holding period which cannot be charged, pledged, transferred or otherwise encumbered following release.

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.

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.
 
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Quick facts: Prudential PLC

Price: 1058

Market: LSE
Market Cap: £27.6 billion
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