1 |
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) Exercise of option over notional ADRs (including related dividend equivalent and the value of the demerger dividend). 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; and (ii) Receiving a gross cash amount of USD 464,198.34 in accordance with the terms of that option. |
c) |
Price(s) and volume(s) |
(i) Exercise of option:
Price(s) |
Volume(s) |
USD 0.12642 |
13,407 |
(ii) Receipt of a gross cash amount USD 464,198.34 |
d) |
Aggregated information - Aggregated volume - Price |
(i) Exercise of option:
Price(s) |
Volume(s) |
USD 0.12642 |
13,407 |
(ii) Receipt of a gross cash amount USD 464,198.34 |
e) |
Date of the transaction(s) |
2019-11-13 |
f) |
Place of the transaction(s) |
New York Stock Exchange |