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 October, 2024
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 7 October 2024 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.
(Incorporated and registered in England and Wales with limited
liability, registered number 01397169)
(Stock Code: 2378)
GRANT OF SHARE OPTIONS
The attached announcement is being released by Prudential plc on
the date below.
By order of the Board
Prudential plc
Tom Clarkson
Company Secretary
7 October 2024, Hong Kong
As at the date of this announcement, the Board of Directors of
Prudential plc comprises:
Chair
Shriti Vadera
Executive Director
Anil Wadhwani (Chief Executive
Officer)
Independent Non-executive Directors
Jeremy David Bruce Anderson CBE,
Arijit Basu, Chua Sock Koong, Ming Lu, George David
Sartorel,
Mark Vincent Thomas Saunders FIA,
FASHK, Claudia
Ricarda Rita Suessmuth Dyckerhoff,
Jeanette Kai Yuan Wong and Yok Tak Amy Yip
* For identification purposes
7
October 2024
GRANT OF SHARE OPTIONS
This announcement is made pursuant to Rule 17.06A of the Rules
Governing the Listing of Securities on The Stock Exchange of Hong
Kong Limited (the "Listing
Rules").
Prudential plc ("Prudential") announces that on 4 October 2024, options were
granted over a total of 55,248 new ordinary shares (the
"Options") to certain eligible employees under the
Prudential Sharesave Plan 2023 (the "Sharesave
2023") which was approved at
the annual general meeting on 25 May 2023. A summary is set out
below:
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Date of grant
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:
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4 October 2024
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|
Number of Options granted
|
:
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55,248
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|
Exercise price of the Options granted
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:
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GBP 5.20 per
share, representing not less than 80% of the market value of the
shares
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Closing price of the
shares on
the date of grant
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:
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GBP 7.09 per
share
|
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Exercise period of the Options granted
|
:
|
The Options are exercisable during the respective maturity periods,
1 December 2027 to 31 May 2028 or 1 December 2029 to 31 May
2030
|
|
Vesting period of the Options granted
|
:
|
The vesting period is 3 or 5 years from the date of
grant.
The Sharesave 2023: In the case of a participant leaving as a good
leaver, early vesting allows the participant in compassionate
leaver circumstances to receive the value of their award in a
prompt fashion so they can benefit from it. The Remuneration
Committee is of the view that this early vesting event is in the
best interests of Prudential and align with the purpose of the plan
to incentivise, reward and retain employees.
|
|
Performance targets and clawback mechanism
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:
|
The Sharesave 2023 is a broad-based plan (in a form approved by the
UK tax authorities) intended to promote share ownership in
Prudential's wider workforce. The number of shares participants may
acquire is restricted by the amount of savings they make under the
plan. The maximum amount of savings that a participant can make is
in turn capped by the UK legislation governing the plan. The
Remuneration Committee therefore considers it inappropriate to
apply performance conditions or malus and clawback provisions to
awards granted under the plan, the use of which, in any event, is
restricted by the legislation governing the plan.
|
The Options were granted to the following category of
grantees:
|
|
Number
of Options granted
|
|
Employees
|
55,248
|
|
Total
|
55,248
|
None of the grantees of the Options 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 under the scheme mandate of the above
plans and any other plans of Prudential is
206,851,642.
About Prudential plc
Prudential plc provides life and health insurance and asset
management in 24 markets across Asia and Africa. Prudential's
mission is to be the
most trusted
partner and protector for this generation and generations to come,
by providing
simple and
accessible financial and
health solutions. 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 the 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: 07
October 2024
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PRUDENTIAL
PUBLIC LIMITED COMPANY
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|
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By: /s/ Sylvia
Edwards
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Sylvia
Edwards
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Deputy
Group Secretary
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