Prudential PLC Director/PDMR Shareholding (3546W)

TIDMPRU

RNS Number : 3546W

Prudential PLC

17 August 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                         Mark FitzPatrick 
     ---------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------- 
 a)   Position/status              Group Chief Financial Officer and 
                                    Group 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) Acquisition of shares for nil 
                                           consideration following the release 
                                           of an award made in 2017 under the 
                                           Prudential Long Term Incentive Plan 
                                           by the trustee of the Prudential 
                                           plc Employee Share Trust (the "Trustee") 
                                           (ii) Sale of shares in relation to 
                                           the transaction described in (i) 
                                           above to cover withholding tax and 
                                           fees 
     ---------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                                  Price(s)     Volume(s) 
                                                       (i)     Nil          79,604 
                                                              -----------  ---------- 
                                                       (ii)    GBP 12.60    37,452 
                                                              -----------  ---------- 
     ---------------------------  --------------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           79,604 
 
       - Price                       GBP 12.60 
     ---------------------------  --------------------------------------------------- 
 e)   Date of the transactions     2020-08-17 
     ---------------------------  --------------------------------------------------- 
 f)   Place of the transactions    London Stock Exchange 
     ---------------------------  --------------------------------------------------- 
 

Additional information

This transaction relates to the release on 17 August 2020 of shares that were granted to Mark FitzPatrick on 16 August 2017 under the Prudential Long Term Incentive Plan.

The shares released are subject to a further 2 year holding period during which period they will be held in a nominee account administered by the Trustee and cannot be charged, pledged, transferred or otherwise encumbered.

Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps people get the most out of life through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore and New York. 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 Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

Contact

Jennie Webb, Share Plans and Share Capital Manager, [phone]

Chris Smith, Deputy Group Secretary, [phone]

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 [e-mail] or visit www.rns.com.

END

DSHPRMTTMTJBBLM

(END) Dow Jones Newswires

August 17, 2020 09:00 ET (13:00 GMT)