Business
Overseas Regulatory Announcement - Awards Grant
Prudential PLC announced on June 5, 2026, that on June 3, 2026, it granted 203,181 new ordinary shares under its Agency Long Term Incentive Plan to non-employees, with a purchase price of nil and a closing price of HK$112 per share on the grant date. These awards are set to vest on March 25, 2029, and are not subject to performance conditions, though a clawback mechanism exists for exceptional circumstances including material account restatements, breaches of law, erroneous data, or participant misconduct. The plan aims to incentivize and retain key individuals closely connected to the group, such as insurance agents, aligning their long-term interests with Prudential's development. Disclaimer*
About this update from Prudential Plc
The following text is the text of an announcement released to the Stock Exchange of Hong Kong Limited on 5 June 2026 pursuant to rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on the Stock Exchange of Hong Kong. Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and the Singapore Exchange Securities Trading Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. GRANT OF SHARE AWARDS This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Prudential plc ("Prudential") announces that on 3 June 2026, awards (the "Awards") were granted over a total of 203,181 new ordinary shares to certain non-employees under the Prudential Agency Long Term Incentive Plan (the "Agency LTIP") which was approved at the annual general meeting on 25 May 2023. A summary is set out below: Date of grant : 3 June 2026 Number of shares under Awards granted : 203,181 Purchase price of the Awards granted : Nil Closing price of the shares on the date of grant : HK$ 112 per share Vesting period of the Award granted : The vesting date is 25 March 2029 Performance targets and clawback mechanism : Performance Targets: The Awards are not subject to performance conditions. Clawback mechanism: Clawback may be applied where there are the following exceptional circumstances at any time before the fifth anniversary of the award date: · there is a materially adverse restatement of Prudential's published accounts in respect of any financial year which (in whole or part) comprised part of that five year period; · it becomes apparent that a material breach of a law or regulation took place during that five year period which resulted in significant harm to Prudential or its reputation; · the calculation of the number of shares subject to an award or of the extent to which any performance conditions have been satisfied or the Remunerati...