a5087b
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 June, 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-
The following text is the text of an announcement released to the
Stock Exchange of Hong Kong Limited on 2 June 2023 pursuant to rule
17.06A of the Rules Governing the Listing of Securities (the
"Listing Rules") on the Stock Exchange of Hong Kong.
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of
Hong Kong Limited and the Singapore Exchange Securities Trading
Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
The following text is the text of an announcement released to the
Stock Exchange of Hong Kong Limited on 2 June 2023 pursuant to rule
17.06A of the Rules Governing the Listing of Securities (the
"Listing Rules") on the Stock Exchange of Hong Kong.
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of
Hong Kong Limited and the Singapore Exchange Securities Trading
Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
2 June 2023
(Hong Kong Stock Code 2378)
GRANT OF SHARE AWARDS
This announcement is made pursuant to Rule 17.06A of the Rules
Governing the Listing of Securities (the "Listing Rules") on The
Stock Exchange of Hong Kong Limited.
Prudential plc ("Prudential") announces that on 30 May 2023, awards
(the "Awards") were granted over a total of 66,449 new ordinary shares of Prudential
to 22 service providers under the Prudential Agency Long Term
Incentive Plan (the "Agency LTIP").
A summary is set out below:
Date of grant
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:
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30 May 2023
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Number of shares under Awards granted
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:
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66,449
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Purchase price of the Awards granted
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:
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Nil
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Closing price of the shares on the date of grant
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:
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HK$ 107.40 per share
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Vesting period of the Awards granted
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The vesting period is three years from the date of
grant.
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Performance targets and clawback mechanism
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Performance Targets: The Awards are not subject to performance
conditions.
Clawback mechanism: Clawback may be applied where there are the
following exceptional circumstances at any time before the fifth
anniversary of the award date:
● there
is a materially adverse restatement of Prudential's published
accounts in respect of any financial year which (in whole or part)
comprised part of that five year period;
● it becomes apparent that a material breach
of a law or regulation took place during that five year period
which resulted in significant harm to Prudential or its
reputation;
● the calculation of the number of shares
subject to an award or of the extent to which any performance
conditions have been satisfied or the Remuneration Committee's
determination of the extent to which an award vests was based on
erroneous or misleading data or was otherwise incorrect;
or
● the participant's personal conduct during
the relevant performance period in respect of that award
has:
o resulted
in Prudential, or any member of its group, suffering significant
reputational or financial damage;
o the
potential to cause significant reputational or financial damage to
Prudential or any member of its group; and/or
o resulted
in the material breach of the Prudential group's business code of
conduct or law.
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Grants
to service providers
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:
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The Agency
LTIP is
designed to incentivise and retain individuals, such as insurance
agents, who are not employees of Prudential or its subsidiaries
(the "Group") but who are closely connected with the Group. The
Board of Directors of Prudential is of the view that these grants
will ensure Prudential's long term interests are aligned and the
grantees will be motivated to contribute towards the Group's
development.
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None of the grantees of the Awards is a director, chief executive
or substantial shareholder of Prudential, nor an associate (as
defined in the Listing Rules) of any of them.
As at the date of this announcement, the maximum number of shares
available for future grant is 261,599,226 under the scheme mandate
of the plan and any other plans and is 39,565,849 under the service
provider sublimit of the plan and any other plans.
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/
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: 02 June
2023
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PRUDENTIAL
PUBLIC LIMITED COMPANY
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By:
/s/ Sylvia Edwards
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Sylvia
Edwards
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Group
Deputy Secretary
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