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, 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 13 November 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
SUPPLEMENTAL ANNOUNCEMENT
The attached announcement is being released by Prudential plc on
the date below.
By order of the Board
Prudential plc
Tom Clarkson
Company Secretary
13 November 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
13 November
2024
GRANT OF SHARE OPTIONS
SUPPLEMENTAL ANNOUNCEMENT
Reference is made to the announcement of Prudential plc
("Prudential")
issued on 7 October 2024 regarding the grant of share options
under the Prudential International
Savings-Related Share Option Scheme for Non-Employees (the
"ISSOSNE") (the
"October
ISSOSNE Announcement"). As the October ISSOSNE
Announcement contained an inadvertent error relating to the
number of options granted, the Board wishes to clarify the correct
number of options granted by way of a supplemental announcement as
set out below.
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 announces that on 4 October 2024, options were granted
over a total of 511,813 new ordinary shares (the
"Options") to certain non-employees under the ISSOSNE
which was approved at the annual general meeting on 25 May 2023. A
summary is set out below:
|
Date of grant
|
:
|
4 October 2024
|
|
Number of Options granted
|
:
|
511,813
|
|
Exercise price of the Options granted
|
:
|
HKD 53.40 per
share, representing not less than 80% of the market value of the
shares
|
|
Closing price of the
shares on
the date of grant
|
:
|
HKD 73.00 per
share
|
|
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.
|
|
Grants to service providers or related entity
participants
|
:
|
ISSOSNE 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.
|
The
Options were granted to the following category of
grantees:
|
|
Number
of Options granted
|
|
Non-Employees
|
511,813
|
|
Total
|
511,813
|
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 the October ISSOSNE Announcement and 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 207,048,378 and the service provider
sublimit of the above plan and any other plans of Prudential is
38,997,344.
Reference is also made to the other announcement made by Prudential
issued on 7 October 2024 regarding a certain grant of share options
under the Prudential Sharesave Plan 2023 (the "Sharesave")
(the "October
Sharesave Announcement"). Due to the
inadvertent oversight in the October ISSOSNE Announcement, the
October Sharesave Announcement misstated the maximum number of
shares available for future grant. The Board wishes to clarify
that, as at the date of the October Sharesave Announcement and the
date of this announcement, the maximum number of shares available
for future grant was 207,048,378 under the scheme mandate of the
Sharesave and any other plans of Prudential.
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: 13
November 2024
|
|
PRUDENTIAL
PUBLIC LIMITED COMPANY
|
|
|
|
|
|
By:
/s/ Sylvia Edwards
|
|
|
|
|
|
Sylvia
Edwards
|
|
|
Deputy
Group Secretary
|
Prudential (PK) (USOTC:PUKPF)
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