Prudential PLC has announced the grant of options over 344,367 new ordinary shares to certain non-employees under the Prudential International Savings-Related Share Option Scheme for Non-Employees (ISSOSNE). The options were granted on October 1, 2023, and have an exercise price of GBP 7.75 per share, representing not less than 80% of the market value of the shares. The options can be exercised during the respective maturity periods of December 1, 2026, to May 31, 2027, or December 1, 2028, to May 31, 2029. The vesting period is 3 or 5 years from the date of grant. The grants are designed to incentivize and retain individuals closely connected with the group, such as insurance agents, and align their interests with the long-term interests of Prudential. None of the grantees are directors, chief executives, substantial shareholders, or associates of Prudential. As of the announcement date, the maximum number of shares available for future grant under the scheme mandate is 205,531,402, and the service provider sublimit is 39,621,514.
Prudential PLC provides life and health insurance and asset management in 24 markets across Asia and Africa. The company'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. Prudential has dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange, a secondary listing on the Singapore Stock Exchange, and a listing on the New York Stock Exchange in the form of American Depositary Receipts. The company is a constituent of the Hang Seng Composite Index and is included for trading in the Shenzhen-Hong Kong Stock Connect program and the Shanghai-Hong Kong Stock Connect program. Prudential PLC is not affiliated with Prudential Financial, Inc. or The Prudential Assurance Company Limited.