REG - Prudential PLC - Overseas Regulatory Announcement - Option Grant

PrudentialAnnouncement

03/10/2025 11:45

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RNS Number : 0333C  Prudential PLC  03 October 2025

The following text is the text of an announcement released to The Stock
Exchange of Hong Kong Limited on 3 October 2025 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.

 

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 2 October 2025, options were
granted over a total of 14,412 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:

 

 Date of grant                                     :  2 October 2025

 Number of Options granted                         :  14,412

 Exercise price of the Options granted             :  GBP 7.89 per share, representing not less than 80% of the market value of the
                                                      shares

 Closing price of the shares on the date of grant  :  GBP 10.20 per share

 Exercise period of the Options granted            :  The Options are exercisable during the respective maturity periods, 1 December

                                                    2028 to 31 May 2029 or 1 December 2030 to 31 May 2031

 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        :  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  14,412
 Total      14,412

 

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 200,577,148.

 

About Prudential plc

 

Prudential provides life and health insurance and asset management in Greater
China, ASEAN, India 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 (HKEX: 2378) and
the London Stock Exchange (LSE: PRU). It also has a secondary listing on the
Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock
Exchange (NYSE: 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.

 

www.prudentialplc.com (https://www.prudentialplc.com/)

 

 

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