| Prudential plc (“Prudential”) has today announced its 2024 second interim dividend of 16.29 US cents per ordinary share (the “Dividend”). |
| Shareholders holding shares in the UK or Hong Kong share registers will receive their dividend payments in either pounds sterling or Hong Kong dollars, respectively, unless they elect to receive dividend payments in US dollars. Elections for US dollar payments must be made through the relevant UK or Hong Kong share registrar on or before 22 April 2025. Further information is available at https://www.prudentialplc.com/en/investors/shareholder-information/dividend/dividend-currency-election. The corresponding amount per share in pounds sterling and Hong Kong dollars is expected to be announced on or around 28 April 2025. The US dollar-to-pound sterling and Hong Kong dollar conversion rates will be determined by the actual rates achieved by Prudential buying those currencies. |
| Holders of American Depositary Receipts (“ADRs”) will receive their dividend payments in US dollars through the ADR Depositary, which is in the process of transitioning from JPMorgan to Citi. Shareholders holding an interest in Prudential shares through The Central Depository (Pte) Limited (“CDP”) in Singapore (“Singapore Shareholders”) will receive their dividend payments in Singapore dollars at the prevailing market exchange rate. |
| All shares bought back by Prudential awaiting cancellation on the Record Date (as defined below) are not eligible for the 2024 second interim dividend. |
| A scrip dividend alternative will be offered in respect of the 2024 second interim dividend by Evergreen Scrip Dividend Scheme Terms and Conditions available on Prudential’s website at https://www.prudentialplc.com/en/investors/shareholder-information/dividend/scrip-dividend. As with the 2024 first interim dividend, the scrip dividend alternative will involve the issuance of relevant new ordinary shares on the Hong Kong line only. Prudential will make available a share dealing facility (the “Dealing Facility”) to enable shareholders who are not able to hold their shares on the Hong Kong line to participate in the scrip dividend alternative. |
| Unless a shareholder has an existing scrip dividend mandate in place, elections for the scrip dividend alternative must be received by the deadlines specified in the timetable below. In particular, shareholders holding shares through CREST or an intermediary / CCASS, or Singapore Shareholders who cannot apply for a permanent election, will need to complete a scrip dividend election by the relevant deadline specified below, as their past elections will not be captured. |
| Prudential will apply to the Financial Conduct Authority, the Listing Committee of the Hong Kong Stock Exchange (“HKEX”) and the Singapore Exchange Securities Trading Limited (“SGX”) for the new shares to be listed, and to the HKEX, London Stock Exchange (“LSE”) and SGX for the shares to be admitted to trading on the HKEX, LSE and SGX. |
| Shareholders on the UK register have the option of participating in the Dividend Reinvestment Plan (DRIP) instead of the scrip dividend alternative, which enables shareholders to invest their cash dividend directly in the purchase of Prudential’s shares in the market. Further information on the DRIP is available at https://www.prudentialplc.com/en/investors/shareholder-information/dividend/dividend-reinvestment-plan. |
| 2024 second interim dividend timetable |
| Ex-dividend date |
27 March 2025 (Hong Kong, UK and Singapore) (the “Ex-Dividend Date”) |
| Record date |
28 March 2025 (the “Record Date”) |
| Announcement of Scrip Reference Price(1) |
2 April 2025 |
| Expected publication of mandate forms |
On or around 3 April 2025 (Hong Kong)
On or around 4 April 2025 (Singapore)
Mandate forms for UK shareholders are available to download on Prudential’s website. |
| Deadline for receipt of currency elections |
5.00 pm (UK time) (UK) or 4.30 pm (Hong Kong time) (Hong Kong)(2) on 22 April 2025 |
| Deadline for receipt of scrip dividend elections5.30 pm |
m (Singapore time) (Singapore) on 10 April 2025
5.00 pm (UK time) (UK) or 4.30 pm (Hong Kong time) (Hong Kong)(2) on 22 April 2025
(the “Election Deadline Date”, as applicable) |
| Deadline for receipt of DRIP elections5.00 pm |
m (UK time) (UK) on 22 April 2025 |
| Announcement regarding the issue of new shares under scrip dividend alternative |
On or around 25 April 2025 |
| Pound sterling and Hong Kong dollar amount per share announced |
On or around 28 April 2025 (the “Exchange Rate Date”) |
| Payment date, when cash dividends are paid and applicable CCASS accounts are credited with new scrip shares (other than scrip shares to be sold under the Dealing Facility(3)) |
14 May 2025 (Hong Kong, UK and ADR holders)
On or around 21 May 2025 (Singapore)
(the “Dividend Payment Date”, as applicable) |
Notes: |
| · The price used to calculate the number of new ordinary shares offered under the scrip dividend alternative is the average middle-market price of the shares of Prudential on the LSE over a five-day dealing period commencing on the Ex-Dividend Date and converted to US Dollars using the mid-point WMR spot exchange rates quoted by Bloomberg in London at or around 11.00 am on 2 April 2025. |
| · The latest time for returning the mandate form by Hong Kong shareholders will be extended, as the case may be, by (a) and (b) below if a tropical cyclone warning signal number 8 or above, or “extreme conditions” announced by the Government of Hong Kong, or a “black” rainstorm warning signal is in force in Hong Kong (all times Hong Kong time): |
| 1. at any time before noon and no longer in force after noon on Tuesday, 22 April 2025, in which case the latest time for the return of the mandate form will be extended to 5.00 pm on the same business day; or |
| 2. at any time between noon and4.00 p.m. on Tuesday, 22 April 2025, in which case the latest time for the return of the mandate form will be extended to 4.30 pm on the next business day where none of the above warnings is in force at any time between 9.00 am and 4.00 pm. |
| · Distribution of sale proceeds to shareholders (holding their shares on the UK share register) participating in the scrip dividend alternative via the Dealing Facility will be made within 14 Hong Kong trading days of the completion of the sale of the relevant shares. |
| For the full document click the link below: |
| Prudential plc |
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