0001654954-19-013252.txt : 20191121 0001654954-19-013252.hdr.sgml : 20191121 20191121085525 ACCESSION NUMBER: 0001654954-19-013252 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191121 FILED AS OF DATE: 20191121 DATE AS OF CHANGE: 20191121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL PLC CENTRAL INDEX KEY: 0001116578 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15040 FILM NUMBER: 191235846 BUSINESS ADDRESS: STREET 1: 1 ANGEL COURT CITY: LONDON STATE: X0 ZIP: EC2R 7AG BUSINESS PHONE: 011442075483737 MAIL ADDRESS: STREET 1: 1 ANGEL COURT CITY: LONDON ENGLAND STATE: X0 ZIP: EC2R 7AG 6-K 1 a1979u.htm DIRECTOR/PDMR SHAREHOLDING Blueprint
 
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