Prudential PLC recently disclosed the acquisition of shares by several persons discharging managerial responsibilities (PDMRs) and persons closely associated with them. Avnish Kalra, Chief Risk and Compliance Officer, acquired 50 ordinary shares through the Prudential All Employee Share Purchase Plan at a price of GBP 7.997891 per share. Similarly, Solmaz Altin, Managing Director of the Strategic Business Group, Ben Bulmer, Chief Financial Officer, and Dennis Tan, Managing Director of the Strategic Business Group, each acquired 50, 50, and 49 ordinary shares, respectively, at the same price and through the same plan on the London Stock Exchange on May 10, 2024.
Additionally, Catherine Chia, Chief Human Resources Officer, also acquired shares through the same plan, but the specific details of her transaction were not provided in the disclosure. The transactions were all reported as initial notifications and were in compliance with the regulations for the acquisition of shares by PDMRs and persons closely associated with them.
These acquisitions through the Prudential All Employee Share Purchase Plan demonstrate the confidence and commitment of the company's key personnel in its long-term growth and success. Such transactions also align the interests of the management with those of the shareholders, reflecting a positive outlook for the company's future performance.