0001654954-23-003315.txt : 20230322 0001654954-23-003315.hdr.sgml : 20230322 20230322084042 ACCESSION NUMBER: 0001654954-23-003315 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230322 FILED AS OF DATE: 20230322 DATE AS OF CHANGE: 20230322 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: 23751526 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 STATE: X0 ZIP: EC2R 7AG 6-K 1 a8869t.htm DIRECTOR/PDMR SHAREHOLDING a8869t

 
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 March, 2023
 
PRUDENTIAL PUBLIC LIMITED COMPANY
 
(Translation of registrant's name into English)
 
13/F, One International Finance Centre,
1 Harbour View Street, Central,
Hong Kong, China
 
(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
 
Anil Wadhwani
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Officer (PDMR)
b)
 
Initial notification /Amendment
 
Initial notification
3
 
Details of the issuer, emission allowance market participant, auction platform or auctioneer
 
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
 
 
Grant of share-based, cash-settled option
 
In line with the announcement made on 25 May 2022 Prudential plc entered into an agreement on 8 March 2023 with Mr Wadhwani to replace unvested awards forfeited as a consequence of joining Prudential plc on 25 February 2023.
 
Under the agreement Mr Wadhwani has been granted an option entitling him to receive a cash amount equal to the market value of a specified number of Prudential plc ordinary shares on the date of exercise, less an option price of HKD 0.48 (being the HKD equivalent of 5 pence per share, using a 20-day average FX rate up to the date Mr Wadhwani joined Prudential plc).
 
The option will vest on the dates detailed below:
 
Exercise Period
Number of notional Prudential plc shares
30 days commencing on the date the Remuneration Committee approves the proportion of award to vest, which will be after the Manulife 2023 Circular is published (expected March 2024)
 
168,284
30 days commencing on the date the Remuneration Committee approves the proportion of award to vest, which will be after the Manulife 2024 Circular is published (expected March 2025)
 
163,004
2 March 2024 to 31 March 2024
62,706
1 March 2025 to 30 March 2025
60,738
5 March 2024 to 3 April 2024
7,820
5 March 2025 to 3 April 2025
11,552
This replacement award has been made on a like-for-like basis, with the option exercisable in accordance with the original vesting timeframe which attached to the forfeited awards. Performance conditions apply where these were attached to the original awards.
 
This arrangement has been put in place in accordance with Rule 9.4.2 of the UK Listing Rules, which allows an individual scheme to be put in place to assist with the recruitment of an executive director, and is consistent with the Directors' Remuneration Policy.
 
c)
 
Price(s) and volume(s)
 
 
 
 
 
Price(s)
Volume(s)
Nil
474,104
d)
 
Aggregated information
 
- Aggregated volume
 
- Price
 
 
 
474,104
 
Nil
e)
 
Date of the transaction
 
2023-03-21
f)
 
Place of the transaction
 
London Stock Exchange
 
 
Additional information
 
About Prudential plc
Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people's wealth, helps them grow their assets, and empowers them to save for their goals. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and Shanghai-Hong Kong Stock Connect programme.
 
Prudential 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.
https://www.prudentialplc.com/
 
 
 
Contact
 
Hannah Perera, Director, Group Reward and Employee Relations and CHRO UK Group HR, +44 (0)20 3977 9529
 
Sylvia Edwards, Deputy Group Secretary, +44 (0)20 3977 9214
 
 
 
 
 
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: 23 March 2023
 
 
 
 
PRUDENTIAL PUBLIC LIMITED COMPANY
 
 
 
 
By: /s/ Sylvia Edwards
 
 
 
 
Sylvia Edwards
 
 
Deputy Group Secretary