Corporate ActionOct 5, 2026, 01:31 PM
Prudential plc Grants 10,155 Share Options to Employees
AI Summary
Prudential plc announced the grant of 10,155 new ordinary share options to 14 eligible employees under its Sharesave Plan 2023. The options have an exercise price of GBP 8.07, with a closing share price of GBP 9.18 on the grant date. The options are exercisable within specific periods in late 2029/early 2030 and late 2031/early 2032, with vesting occurring over 3 or 5 years. The company noted that the plan is broad-based and intended to incentivize and retain employees, with no performance conditions or clawback provisions due to regulatory restrictions.
Key Highlights
- Prudential plc granted 10,155 new ordinary share options under the Sharesave Plan 2023.
- The options have an exercise price of GBP 8.07 per share, representing 80% of the market value.
- The closing price of Prudential shares on the grant date was GBP 9.18 per share.
- Options are exercisable between December 1, 2029, and May 31, 2030, or December 1, 2031, and May 31, 2032.
- Vesting period for the options is 3 or 5 years from the grant date.
- 14 employees received options in total.
Price Impact
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