SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November, 2019
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
1 Angel Court, London,
England, EC2R 7AG
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-
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
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 21 November 2019
PRUDENTIAL PUBLIC LIMITED COMPANY | |
By: /s/ Chris Smith | |
Chris Smith | |
Deputy Group Secretary |