14 October
2024
New shares to be issued in
connection with the scrip dividend alternative
On 28 August 2024, Prudential plc
("Prudential") announced a
2024 first interim dividend of 6.84 US cents per ordinary share
(the "Dividend"). On 30
August 2024, Prudential further announced that a scrip dividend
alternative would be offered in respect of the Dividend in
accordance with the shareholder approval obtained at the 2024
annual general meeting. The scrip dividend alternative will involve
the issuance of relevant new ordinary shares on the Hong Kong line
only.
To participate in the scrip dividend
alternative, shareholders must have held a minimum of 118 ordinary
shares on the applicable record date for the Dividend (6 September
2024 for United Kingdom and Singapore shareholders, or 9 September
2024 for Hong Kong shareholders).
Prudential announces that 2,813,929
ordinary shares of 5 pence each will be issued in connection with
the scrip dividend alternative (the "Shares"). When issued, these Shares
will rank pari passu with the existing ordinary shares. 214,108 of
the Shares will be sold pursuant to the share dealing facility
which Prudential has made available to enable United Kingdom
shareholders to participate in the scrip dividend alternative if
they cannot provide an address in Hong Kong or details of a Hong
Kong qualifying brokerage account (a requirement of holding shares
on the Hong Kong line). Further announcements will be made in due
course in respect of the listing and admission of the
Shares.
Consistent with the Board's policy
on scrip and staff incentive scheme share issuances, it is intended
that any minor dilution of shareholders resulting from the scrip
issuance will be neutralised through the on-market buyback of
shares on the London Stock Exchange.
Further details can be found in the
Evergreen Scrip Dividend Scheme Circular published on 13 September
2024 or viewed at
www.prudentialplc.com/en/investors/shareholder-information/dividend/scrip-dividend.
Additional information
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/
Contact
Tom Clarkson, Company Secretary, +44
(0)20 3977 9172