Prudential plc Notice of Annual General Meeting .../media/Files/P/Prudential-Corp/hkex-n… · 03...
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Notice of Annual General Meeting & explanation of business Thursday 19 May 2016
Prudential plc
Churchill Auditorium, Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London SW1P 3EE.
11.00am London time (6.00pm Hong Kong/Singapore time) on Thursday 19 May 2016.
This document is important and requires your immediate attention.If you are in any doubt as to any aspect of the proposals in this document or the action you should take, you should seek your own advice from a stockbroker, solicitor, accountant, or other independent professional adviser. If you have sold or otherwise transferred all your shares in Prudential plc, please forward this document, but not the enclosed Form of Proxy, as soon as possible to the purchaser or transferee or to the person who arranged the sale or transfer so they can pass this document to the person who now holds the shares.
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 document, 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 document.
This document, for which the Directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this document is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this document misleading.
A Chinese translation of this document is available on request from Computershare Hong Kong Investor Services Limited, 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong. (HK Stock Code: 2378; SGX Stock Code: K6S)
Prudential plc Notice of Annual General Meeting 2016 www.prudential.co.uk02
Contents
Agenda
14 Getting to the 2016 Annual General Meeting 14 Shareholder Information
21 TOrenewtheauthoritytomakepoliticaldonations;
22 TOrenewtheauthoritytoallotordinaryshares;
23 TOrenewtheextensionofauthoritytoallotordinarysharestoincluderepurchasedshares;
24 TOrenewtheauthorityfordisapplicationofpre-emptionrights;
25 TOrenewtheauthorityforpurchaseofownshares;and
26 TOrenewtheauthorityinrespectofnoticeforgeneralmeetings.
02 Agenda03 Letter from the Chairman04 Notice of Annual General Meeting 2016 and
explanatory notes
1 TOreceiveandconsidertheAccounts,StrategicReport,Directors’RemunerationReport,Directors’ReportandtheAuditors’Report(theAnnualReport);
2 TOapprovetheDirectors’RemunerationReport(otherthanthepartcontainingthesummaryoftheDirectors’RemunerationPolicy);
3 TOelectMrJohnFoleyasaDirector;
4 TOelectMsPenelopeJamesasaDirector;
5 TOelectMrDavidLawasaDirector;
6 TOelectLordTurnerasaDirector;
7 TOelectMrTonyWilkeyasaDirector;
8 TOre-electSirHowardDaviesasaDirector;
9 TOre-electMsAnnGodbehereasaDirector;
10 TOre-electMrPaulManducaasaDirector;
08 Biographies of Directors standing for election 12 Additional information13 Notes to Notice of Meeting
11 TOre-electMrMichaelMcLintockasaDirector;
12 TOre-electMrKaikhushruNargolwalaasaDirector;
13 TOre-electMrNicolaosNicandrouasaDirector;
14 TOre-electMrAnthonyNightingaleasaDirector;
15 TOre-electMrPhilipRemnantasaDirector;
16 TOre-electMsAliceSchroederasaDirector;
17 TOre-electMrBarryStoweasaDirector;
18 TOre-electMrMichaelWellsasaDirector;
19 TOre-appointKPMGLLPastheCompany’sauditor;
20 TOauthorisetheAuditCommitteetodeterminetheamountoftheauditor’sremuneration;
Documents available for inspectionCopies of the documents listed below will be available for inspection during normal business hours at Laurence Pountney Hill, London EC4R 0HH, the registered office of the Company, Monday to Friday (public holidays excepted) from the date of this Notice. They will also be available at the place of the Meeting, Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London, SW1P 3EE, from 10.45am on Thursday 19 May 2016 until the conclusion of the Meeting:
— copies of the service contracts between the Prudential Group and the Executive Directors; and— copies of the letters of appointment and terms and conditions of appointment between the Company and the Chairman and the Company and the
Non‑executive Directors.
The above documents will also be displayed at the offices of Slaughter and May, 47th floor, Jardine House, One Connaught Place, Central, Hong Kong.
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11April2016
Dear Shareholder
Annual General Meeting of Prudential plcIampleasedtowritetoyouwithdetailsofthisyear’sAnnualGeneralMeeting(theMeeting)whichistobeheldinQueenElizabethIIConferenceCentre,BroadSanctuary,Westminster,LondonSW1P3EEat11.00amLondontime(6.00pmHongKong/Singaporetime)onThursday19May2016.TheformalNoticeofMeetingtogetherwiththeexplanatorynotesissetoutonpages4to7.
Thiscircularisbeingsenttoshareholders,whetherregisteredontheUKregister,theIrishbranchregisterortheHongKongbranchregister,andanypersonwithsharesoftheCompanystandingtothecreditoftheirsecuritiesaccountheldwithTheCentralDepository(Pte)Limited(CDP)inSingapore.
WhetherornotyouproposetoattendtheMeeting,pleasecompletetheenclosedFormofProxyinaccordancewiththeinstructionsprintedontheformandreturnittotheappropriateregistraror,forholdersofaCDPsecuritiesaccount,toCDPinthepre-paidenvelopeenclosed.TheFormofProxymustbereceivednolaterthan11.00amLondontime(6.00pmHongKongtime)onTuesday17May2016or,forpersonsholdinganinterestinsharesthroughCDP,onWednesday11May2016.DetailedinstructionsforcompletingandreturningtheFormofProxycanbefoundinthenotesonpage13.
Asinpreviousyears,wewillcallapolloneachresolutionattheMeeting.ThiswillensurethatweareabletoengagewithagreaternumberofshareholdersbyincludingthevotescastbyshareholderswhoarenotabletoattendtheMeetinginperson.
Shouldyouwishtoviewthe2015AnnualReportonline,itisavailableontheCompany’swebsitewww.prudential.co.uk
Youmaynoticethataresolutiontoapproveafinaldividendisnotbeingputtoshareholdersthisyear.InordertoensurethattheCompanycancontinuetocountitssharecapitalincalculatingitsTier1capitalforthepurposesoftheSolvencyIIregime,inforcefrom1January2016,Prudentialwillnowmakealldividendpaymentsasinterimdividends.Interimdividendsdonotneedshareholderapprovalandsonoresolutionisrequired.Prudentialannouncedasecondinterimdividendof26.47pencepershareandaspecialdividendof10pencepershareon9March2016.DetailsoftheCompany’sdividends,includingpaymentdatescanbefoundonourwebsitewww.prudential.co.uk
RecommendationTheDirectorsconsiderthatalltheresolutionstobeputtotheMeetingareinthebestinterestsoftheCompanyanditsshareholdersasawholeandunanimouslyrecommendshareholderstovoteinfavourofalltheproposedresolutions.TheDirectorsintendtovote,inrespectoftheirownbeneficialholdings,infavourofalltheproposedresolutions.
Yourssincerely
Paul ManducaChairman
PrudentialplcRegisteredoffice:LaurencePountneyHill,LondonEC4R0HHIncorporatedandregisteredinEnglandandWales,registerednumber1397169Prudentialplcisaholdingcompany,someofwhosesubsidiariesareauthorisedandregulatedasapplicablebythePrudentialRegulatoryAuthorityandtheFinancialConductAuthority.
PrudentialplcLaurencePountneyHillLondonEC4R0HH
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Notice of Annual General Meeting 2016 and explanatory notes
shareholdersin2008andhasbeeninvitedtoserveasaNon-executiveDirectorforafurtherterm,followingrigorousreviewinaccordancewiththerequirementsoftheUKCorporateGovernanceCode.
ForthepurposesoftheUKCorporateGovernanceCode,allNon-executiveDirectorsareconsideredbytheBoardtobeindependentincharacterandjudgementandtohavemetthecriteriaforindependenceassetoutintheUKCode.ForHKListingRulespurposes,theCompanywillconsiderMrDavidLawindependentfrom1July2016,thedateoneyearafterhisretirementfromPwC.TheCompanyhasreceivedconfirmationofindependencefromeachoftheotherNon-executiveDirectorsasrequiredbytheHKListingRules.
3 TOelectMrJohnFoleyasaDirector;
4 TOelectMsPenelopeJamesasaDirector;
5 TOelectMrDavidLawasaDirector;
6 TOelectLordTurnerasaDirector;
7 TOelectMrTonyWilkeyasaDirector;
8 TOre-electSirHowardDaviesasaDirector;
9 TOre-electMsAnnGodbehereasaDirector;
10TOre-electMrPaulManducaasaDirector;
11TOre-electMrMichaelMcLintockasaDirector;
12TOre-electMrKaikhushruNargolwalaasaDirector;
13TOre-electMrNicolaosNicandrouasaDirector;
14TOre-electMrAnthonyNightingaleasaDirector;
15TOre-electMrPhilipRemnantasaDirector;
16TOre-electMsAliceSchroederasaDirector;
17TOre-electMrBarryStoweasaDirector;
18TOre-electMrMichaelWellsasaDirector;
Resolution 19:
TOre-appointKPMGLLPastheCompany’sauditoruntiltheconclusionofthenextgeneralmeetingatwhichtheCompany’saccountsarelaid.
Shareholderswillbeaskedtoapprovethere-appointmentofKPMGLLPasthe
Notice is hereby given that the 2016 Annual General Meeting (the Meeting) of Prudential plc (the Company), incorporated and registered in England and Wales (registered number 1397169), will be held in the Churchill Auditorium at Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London SW1P 3EE on Thursday 19 May 2016 at 11:00 am London time (6.00pm Hong Kong/Singapore time). Shareholders will be asked to consider and, if thought fit, pass the following resolutions.
Resolutions1to23(inclusive)willbeproposedasordinaryresolutions;resolutions24to26(inclusive)willbeproposedasspecialresolutions.Foreachordinaryresolutiontobepassed,morethanhalfofthevotescastmustbeinfavouroftheresolution.Foreachspecialresolutiontobepassed,atleastthree-quartersofthevotescastmustbeinfavouroftheresolution.
Resolution 1:
TOreceiveandconsidertheAccountsforthefinancialyearended31December2015togetherwiththeStrategicReport,Directors’RemunerationReport,Directors’ReportandtheAuditor’sReportonthoseAccounts(theAnnualReport).
TheformalbusinessoftheMeetingwillbeginwitharesolutiontolaybeforeshareholderstheAnnualReport.ShareholderswillhavetheopportunitytoputquestionsontheAnnualReportandotherbusinesstobeconductedattheMeetingtotheDirectorsbeforethisresolutionisvotedon.
TheAnnualReportisavailabletoviewontheCompany’swebsitewww.prudential.co.ukShareholdersmayobtainacopyfromtheCompany’sregistrar,Equiniti,bycalling03713842035andquotingtheirShareholderReferenceNumberwhichcanbefoundoneachshareholder’sFormofProxy.ForshareholdersinSingapore,copiesoftheAnnualReportarealsoavailableforcollectionfromCDP.
Resolution 2:
TOapprovetheDirectors’RemunerationReportfortheyearended31December2015.
Asinpreviousyears,shareholderswillhavetheopportunitytocastanadvisoryvoteontheDirectors’RemunerationReportfortheyearended31December2015.
TheCompanyobtainedshareholderapprovalfortheDirectors’RemunerationPolicyinMay2014.TheDirectors’RemunerationPolicyremainsunchangedsincethen.Thisapprovallastsforamaximumofthreeyears,anditisexpectedthattheCompanywillseekafreshapprovalofthepolicyatthe2017AnnualGeneralMeeting.
AsummaryoftheDirectors’RemunerationPolicyissetoutonpages106to108oftheAnnualReportandthefullversionisavailableonthewebsite.TheDirectors’RemunerationReportissetoutinfullonpages101to129oftheAnnualReport.TheAnnualReportisavailabletoviewontheCompany’swebsitewww.prudential.co.uk
Resolutions 3 to 18:
Election and re-election of DirectorsBiographicaldetailsofallDirectorsstandingforelectionandre-electionareincludedinAppendix1tothisNoticeandintheAnnualReport.TheBoardrecommendstheelectionandre-electionofalltheDirectors.
InaccordancewiththeprovisionsoftheUKCorporateGovernanceCode,allDirectorsappointedsincethelastAnnualGeneralMeetingoftheCompanyandstillontheBoardwillofferthemselvesforelectionandallincumbentDirectorswillofferthemselvesforre-electionattheMeeting.Alistair(Alexander)Johnstonwillnotstandforre-electionashewillretireattheconclusionofthisMeeting.
TheBoard,supportedbytheworkcarriedoutbytheNominationCommittee,isactivelyengagedinsuccessionplanning.BoardcompositionisregularlyreviewedtoensurethattheBoardretainsitseffectiveness.InlightoftheworkcarriedoutoverthelastyearandtheevaluationoftheeffectivenessoftheBoardanditsCommittees,theChairmanconsidersthattheperformanceofalloftheNon-executiveDirectorscontinuestobeeffectiveandthattheirexperienceandperformancemeetthedemandsofthebusinessinlinewiththestrategyoftheCompany.
MsAnnGodbeherehascompletedaneightyeartermasaNon-executiveDirectorsinceherinitialelectionby
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Atlastyear’sAnnualGeneralMeeting,shareholdersrenewedaresolutiongivingtheDirectorsauthoritytoallotordinarysharesorgrantrightstosubscribefororconvertanysecurityintosharesintheCompany(referredtocollectivelyas“Allotments”).Thatauthoritywillexpireattheconclusionofthisyear’sMeeting.Accordingly,theNoticeincludesaresolutiontorenewthisauthority.TheCompanyisseekingthesameauthoritytoallotaslastyear:anauthoritylimitedtosharesrepresenting33.3percentoftheissuedordinarysharecapitaloftheCompany.
ThisauthoritywillgivetheDirectorsflexibilitytoissueshareswheretheybelieveitisforthebenefitofshareholderstodoso.TheDirectorshavenoimmediateplanstomakeuseofthisauthority.ThisrenewedauthoritycomplieswithUKinstitutionalinvestmentguidelinesandwillexpireattheearlierof30June2017andtheconclusionofthe2017AnnualGeneralMeeting.
ThisresolutionneedstocomplywiththerequirementsoftheHKListingRulesasaresultoftheCompany’slistingontheHongKongStockExchange,andasaconsequence,resolution22isseparatedintotwosectionsrelatingtodifferenttranchesoftheCompany’sissuedordinarysharecapital,whichwhentakentogethercoveranaggregatenominalamountequalto£42,835,092representingapproximately856,701,849ordinaryshares.Thisamountisapproximately33.3percentoftheissuedordinarysharecapitaloftheCompanyasat1April2016,thelatestpracticabledatepriortopublicationofthisNotice,whichisalsoinlinewithguidanceissuedbytheAssociationofBritishInsurers.AthirdsectioncoversthepermissionfortheCompanytomakeAllotmentsundertheCompany’sshareschemes.
Paragraph(A)ofresolution22authorisestheDirectorstomakeAllotmentsofanaggregatenominalamountequalto£25,726,782(representingapproximately514,535,645ordinarysharesintheCompany),suchamounttobereducedtotakeintoaccountamountsallottedorgrantedunderparagraph(B)ofresolution22.Thisamount,whichisthemaximumproportionofsharecapitalDirectorsmayallotwithoutpre-emptionundertheHKListingRules,representsapproximately20percentoftheissuedordinarysharecapitalasat1April2016.
doesnotbelievethereisamaterialriskofitinadvertentlymakingsuchdonations.
InaccordancewithguidanceissuedbytheAssociationofBritishInsurers,itistheCompany’sintentiontoseekrenewalofthisresolutiononanannualbasis.
Resolution 22:
Renewal of authority to allot ordinary sharesTHAT,withoutprejudicetoanyotherauthorityconferredontheDirectorsbyorpursuanttoArticle14oftheCompany’sArticlesofAssociation,theauthorityconferredontheDirectorsbyArticle14oftheCompany’sArticlesofAssociationtoallotgenerallyandunconditionallyrelevantsecuritiesberenewedinrespectofequitysecurities(asdefinedinsection560(1)ofthe2006Act)foraperiodexpiringattheearlierof30June2017andtheconclusionoftheCompany’s2017AnnualGeneralMeetingandforamaximumaggregatenominalamountof:
(A)£25,726,782suchamounttobereducedtotheextentthatanyallotmentorgrantismadeunderparagraph(B)sothatintotalnomorethan£42,835,092canbeallottedunderparagraphs(A)and(B);
(B) £42,835,092suchamounttobereducedtotheextentthatanyallotmentorgrantismadeunderparagraph(A)sothatintotalnomorethan£42,835,092canbeallottedunderparagraphs(A)and(B)inconnectionwithanofferorinvitation:
(i) toordinaryshareholdersinproportion(asnearlyasmaybepracticable)totheirexistingholdings;and
(ii) toholdersofotherequitysecuritiesasrequiredbytherightsofthosesecuritiesorastheBoardotherwiseconsidersnecessary,
andsothattheBoardmayimposeanylimitsorrestrictionsandmakeanyarrangementswhichitconsidersnecessaryorappropriatetodealwithtreasuryshares,fractionalentitlements,recorddates,legal,regulatoryorpracticalproblemsin,orunderthelawsof,anyterritoryoranyothermatter;and
(C)theamountallottedpursuanttothetermsofanyshareschemeoftheCompanyoranyofitssubsidiaryundertakingsadoptedpriortooronthedateofthisMeeting.
Company’sauditortoholdofficeuntiltheconclusionoftheCompany’s2017AnnualGeneralMeeting.
Resolution 20:
TOauthorisetheAuditCommitteeonbehalfoftheBoardtodeterminetheamountoftheauditor’sremuneration.
ShareholderswillbeaskedtograntauthoritytotheAuditCommitteetodeterminetheremunerationofKPMGLLP.
Resolution 21:
Political donationsTHATtheCompany,andallcompaniesthatareitssubsidiariesatanytimeduringtheperiodforwhichthisresolutioniseffective,beandareherebygenerallyandunconditionallyauthorisedforthepurposesofSections366and367oftheCompaniesAct2006(the2006Act)tomakedonationstopoliticalorganisationsotherthanpoliticalpartiesandtoincurpoliticalexpenditure(assuchtermsaredefinedinSections363to365ofthe2006Act)uptoamaximumaggregatesumof£50,000,asfollows:
(a) Suchauthorityshall,unlessrenewed,variedorrevokedbytheCompanyatageneralmeetingpriortosuchtime,expireattheconclusionoftheCompany’s2017AnnualGeneralMeeting;and
(b) TheCompanymayenterintoacontractorundertakingunderthisauthoritypriortoitsexpiry,whichcontractorundertakingmaybeperformedwhollyorpartlyaftersuchexpiry,andmaymakedonationstopoliticalorganisationsotherthanpoliticalpartiesandincurpoliticalexpenditureinpursuanceofsuchcontractsorundertakingsasifthesaidauthorityhadnotexpired.
The2006Actrestrictscompaniesfrommakingdonationstopoliticalparties,otherpoliticalorganisationsorindependentelectioncandidatesandfromincurringpoliticalexpenditurewithoutshareholders’consent.
TheCompanyhasnointentionofchangingitscurrentpracticeofnotmakingdonationstopoliticalpartiesortoindependentelectioncandidatesandwillnotdosowithoutthespecificendorsementofitsshareholders.However,thebroaddefinitionsusedinthe2006ActmakeitpossibleforthenormalbusinessactivitiesoftheCompany,whichmightnotbethoughttobepoliticalexpenditureordonationstopoliticalorganisationsintheusualsense,tobecaught.TheCompany
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Notice of Annual General Meeting 2016 and explanatory notes continued
TheDirectorsconfirmtheirintentiontoadheretothePrinciplesofthePre-EmptionGroup’sStatementofPrinciplesregardingcumulativeusageofauthoritiestoallotequitysecuritiesforcashwithoutofferingthemfirsttoexistingshareholders.Theseprinciplesprovidethatusageinexcessof7.5percentoftheCompany’sordinarysharecapitalwithinarollingthreeyearperiodshouldnottakeplace,otherthantoexistingshareholders,withoutpriorconsultationwithshareholders.TheCompanyconfirmsthatitsuseofsuchauthoritieshasnotexceededthis7.5percentlimitoverthelastthreeyears.
Resolution 25:
Renewal of authority for purchase of own sharesTHATtheCompanybeandisherebygenerallyandunconditionallyauthorised,inaccordancewithSection701ofthe2006Act,tomakeoneormoremarketpurchases(withinthemeaningofSection693(4)ofthe2006Act)ofitsordinarysharesinthecapitaloftheCompany,providedthat:
(a) Suchauthoritytobelimited:
i. toamaximumaggregatenumberof257,267,822ordinaryshares;
ii. bytheconditionthattheminimumpricewhichmaybepaidforeachordinaryshareisfivepenceandthemaximumpricewhichmaybepaidforanordinaryshareisthehighestof:
a. anamountequalto105percentoftheaverageofthemiddlemarketquotationsforanordinaryshareasderivedfromtheDailyOfficialListoftheLondonStockExchangeforthefivebusinessdaysimmediatelyprecedingthedayonwhichtheshareiscontractedtobepurchased;and
b. thehigherofthepriceofthelastindependenttradeandthehighestcurrentindependentbidonthetradingvenueswherethepurchaseiscarriedout,ineachcaseexclusiveofexpenses;
(b) Suchauthorityshall,unlessrenewed,variedorrevokedpriortosuchtime,expireattheearlierof30June2017andtheconclusionof
Paragraph(B)ofresolution22authorisestheDirectorstomakeAllotmentsofanaggregatenominalamountequalto£42,835,092(representingapproximately856,701,849ordinarysharesintheCompany)inconnectionwithofferstoordinaryshareholdersorholdersofotherequitysecurities.Thisamountexceedsthe20percentauthorityinparagraph(A)ofresolution22by13.3percentagepoints,whichisinlinewithguidanceissuedbytheAssociationofBritishInsurers,butsuchamountwouldbereducedtotakeintoaccountamountsallottedorgrantedunderparagraph(A)ofresolution22.Therestrictionsdetailedinparagraph(B)(i)and(ii)areproposedinordertocomplywiththeHKListingRuleswhichdonotpermittheDirectorstomakeAllotmentsonanon-pre-emptivebasisinexcessofthe20percentthresholdinparagraph(A)ofresolution22.
Paragraph(C)ofresolution22seeksauthorityfromshareholdersundertheHKListingRulesfortheDirectorstomakeAllotmentspursuanttotheCompany’sshareschemesorthoseofitssubsidiaryundertakings.TheDirectorsintendtousetheauthoritiessoughtunderresolution22followingtheexerciseofoptionsandawardsundertheCompany’sshareschemesadoptedpriortooronthedateoftheMeeting.
Resolution 23:
Extension of authority to allot ordinary shares to include repurchased sharesTHATtheauthoritygrantedtotheDirectorstoallotrelevantsecuritiesuptoatotalnominalvalueof£25,726,782pursuanttoparagraph(A)ofresolution22setoutabovebeextendedbytheadditionofsuchnumberofordinarysharesoffivepenceeachrepresentingthenominalamountoftheCompany’ssharecapitalrepurchasedbytheCompanyundertheauthoritygrantedpursuanttoresolution25setoutbelow,totheextentthatsuchextensionwouldnotresultintheauthoritytoallotsharesorgrantrightstosubscribefororconvertsecuritiesintosharespursuanttoresolution22exceeding£42,835,092.
AspermittedbytheHKListingRules,resolution23seekstoextendtheDirectors’authoritytoallotsharesandgrantrightstosubscribefororconvertanysecurityintosharespursuanttoparagraph(A)ofresolution22toincludethesharesrepurchasedbytheCompanyundertheauthoritytobesoughtbyresolution25.
Resolution 24:
Renewal of authority for disapplication of pre-emption rightsTHATwithoutprejudicetoanyotherauthorityconferredontheDirectorsbyorpursuanttoArticle15oftheCompany’sArticlesofAssociation,theDirectorsbeandareherebyauthorisedtoallotequitysecurities(asdefinedinSection560(1)ofthe2006Act)forcashpursuanttothepowerconferredontheDirectorsbyArticle15oftheCompany’sArticlesofAssociationand/ortosellanyordinarysharesheldbytheCompanyastreasurysharesforcashasifSection561ofthatActdidnotapplytosuchallotmentorsale,foraperiodexpiringattheearlierof30June2017andtheconclusionoftheCompany’s2017AnnualGeneralMeetingandprovidedthatthemaximumaggregatenominalamountofequitysecuritiesthatmaybeallottedorsoldpursuanttotheauthorityunderArticle15(b)is£6,431,695.
Atlastyear’sAnnualGeneralMeeting,shareholderspassedaspecialresolutiongivingtheDirectorsauthoritytoallotequitysecuritiesforcashwithoutfirstbeingrequiredtooffersuchsecuritiestoexistingshareholdersinproportiontotheirexistingholdings,bythelimiteddisapplicationofSection561ofthe2006Act.Thatpowerwillexpireattheconclusionofthisyear’sMeeting.Accordingly,theNoticeincludesaresolutiontorenewthisauthority.
Thisauthorityonlyextends(apartfrompre-emptiveissues)totheissueofequitysecurities,includingthesaleofanyordinarysharesheldintreasuryinaccordancewiththeprovisionsofChapter6ofPart18ofthe2006Act.Asat1April2016theCompanyheldnotreasuryshares.
Theauthorityissoughtforamaximumnominalvalueof£6,431,695,representingapproximately128,633,911ordinarysharesintheCompany,whichisapproximately5percentofthetotalissuedordinarysharecapitaloftheCompanyasat1April2016.Asregardsrightsissuesandotherpre-emptiveissues,theDirectorsbelievethemechanicsanddelayoftheprocedureunderSection561areundulyrestrictiveandarethereforealsoseekingcontinuationofitsdisapplicationinthesecircumstances.Thisrenewedauthority,whichcomplieswithinstitutionalinvestmentguidelines,willexpireattheearlierof30June2017andtheconclusionofthe2017AnnualGeneralMeeting.
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toapplytogeneralmeetings.Theshorternoticeperiodwillnotbeusedasamatterofroutinebutonlywhereflexibilityismeritedbythebusinessofthemeetingandisthoughttobetotheadvantageofshareholdersasawhole.Ifused,anelectronicvotingfacilitywillbeprovided.
AnnualGeneralMeetingswillcontinuetobeheldonatleast21cleardays’notice.
TheapprovalwillbeeffectiveuntiltheCompany’s2017AnnualGeneralMeetingwhenitisintendedthatasimilarresolutionwillbeproposed.
ByorderoftheBoardofDirectors
Alan F Porter Group General Counsel and Company Secretary
11April2016
Companytore-issuesuchsharesquicklyandcost-effectivelyandwouldprovidetheCompanywithadditionalflexibilityinthemanagementofitscapitalbase.TheDirectorshavenoimmediateplanstoexercisethisauthoritywhichwillexpireattheearlierof30June2017andtheconclusionoftheCompany’s2017AnnualGeneralMeeting.
AwaiverfromstrictcompliancewithRule10.06(5)oftheHKListingRuleswasgrantedbytheHongKongStockExchangeon4May2010(andupdatedon24February2016).UnderRule10.06(5)oftheHKListingRules,thelistingofallshareswhicharepurchasedbytheCompanyshallautomaticallybecancelleduponpurchaseandtheCompanymustapplyforlistingofanyfurtherissuesinthenormalway.Asaconsequenceofthiswaiver,Rule10.06(5)oftheHKListingRuleshasbeenamendedsuchthatsharespurchasedbytheCompanytoholdastreasuryshareswillremainlistedandthelistingwillnotbesuspendedorcancelledandanysubsequentsaleofsuchtreasurysharesortransferofsuchtreasurysharespursuanttoanemployeesharescheme,forexample,shallnot,forthepurposesoftheHKListingRules,constituteanewissueofsharesandshallnotrequireanewlistingapplicationtobemade.
TheCompanyhasoptionsandawardsoutstandingover34,109,624ordinaryshares,representing1.33percentoftheCompany’sordinaryissuedsharecapitalasat1April2016(thelatestpracticabledatepriortothepublicationofthisNotice).Iftheexistingauthoritygivenatthe2015AnnualGeneralMeetingandtheauthoritysoughtbythisresolution25weretobefullyusedtheseoutstandingoptionswouldrepresent1.66percentoftheCompany’sordinaryissuedsharecapital.
Resolution 26:
Notice for general meetingsTHATageneralmeetingotherthananAnnualGeneralMeetingmaybecalledonnotlessthan14cleardays’notice.
PriortotheCompanies(Shareholders’Rights)Regulations2009,theCompanywasabletocallgeneralmeetings,otherthanitsAnnualGeneralMeeting,on14cleardays’noticewithoutobtainingshareholderapproval.ApprovaltoashorternoticeperiodwassoughtandreceivedfromshareholdersatthelastAnnualGeneralMeetingandtopreservethisability,resolution26seeksrenewaloftheapprovalforanoticeperiodof14days
theCompany’s2017AnnualGeneralMeeting,savethattheCompanymaybeforesuchexpirymakeacontractorcontractstopurchaseordinarysharesundertheauthorityherebyconferredwhichwouldormaybeexecutedwhollyorpartlyaftertheexpiryofsuchauthorityandmaymakeapurchaseofordinarysharesinpursuanceofanysuchcontractorcontractsasifthepowerconferredherebyhadnotexpired;and
(c) Allordinarysharespurchasedpursuanttosaidauthorityshallbeeither:
i. cancelledimmediatelyuponcompletionofthepurchase;or
ii. held,sold,transferredorotherwisedealtwithastreasurysharesinaccordancewiththeprovisionsofthe2006Act.
TheDirectorsconsiderthattheremaybecircumstancesinwhichitwouldbedesirablefortheCompanytopurchaseitsownsharesinthemarket.AlthoughtheDirectorshavenoimmediateplanstomakesuchpurchases,theywouldliketobeabletoactifcircumstancesaroseinwhichtheyconsideredsuchpurchasestobedesirable.Purchaseswouldonlybemadeiftheireffectwouldbetoincreaseearningspershareandtheywouldbeforthebenefitofshareholdersgenerally.NopurchasesofshareswouldbeconductedontheHongKongStockExchange.
Accordingly,thisresolutionisproposedtoauthorisetheCompanytomakemarketpurchasesofitsordinarysharesuptoamaximumnominalvalueof£12,863,391,representing257,267,822ordinaryshareswhichisapproximately10percentoftheCompany’sissuedsharecapitalasat1April2016,atpricesnotlowerthanfivepenceperordinaryshareandnotexceedingthehighestof(i)105percentoftheaveragemiddlemarketvalueofanordinaryshareforthefivebusinessdaysprecedingthedateofpurchaseand(ii)thehigherofthepriceofthelastindependenttradeandthehighestcurrentindependentbidonthetradingvenueswherethepurchaseiscarriedout.
TheCompanymayretainanysharesitpurchasesastreasuryshareswithaviewtopossiblere-issueatafuturedateormaycanceltheshares.IftheCompanyweretopurchaseanyofitsownordinarysharesitwouldconsiderholdingthemastreasurysharespursuanttotheauthorityconferredbythisresolution.Thiswouldenablethe
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Appendix 1: Biographies of Directors standing for election
Board of Directors
Asatthedateofthisdocument,theBoardofDirectorsoftheCompanycomprises:
ChairmanPaulVictorFalzonSantManduca
Executive DirectorsMichaelAndrewWells(GroupChiefExecutive),NicolaosAndreasNicandrouACA,JohnWilliamFoley,PenelopeJaneJamesACA,MichaelGeorgeAlexanderMcLintock,BarryLeeStowe,andTonyPaulWilkey
Non-executive DirectorsSirHowardJohnDavies,AnnFrancesGodbehereFCPAFCGA,Alexander(Alistair)JohnstonCMGFCA,DavidJohnAlexanderLawACA,KaikhushruShiavaxNargolwalaFCA,AnthonyJohnLiddellNightingaleCMGSBSJP,TheHon.PhilipJohnRemnantCBEFCA,AliceDaveySchroederandJonathanAdairLordTurner
ForthepurposesoftheUKCorporateGovernanceCode,alltheNon-executiveDirectorsareconsideredbytheBoardtobe
independentincharacterandjudgementandtohavemetthecriteriaforindependenceassetoutintheUKCode.FortheHKListingRulespurposes,theCompanywillconsiderMrDavidLawindependentfrom1July2016,thedateoneyearafterhisretirementfromPwC.TheCompanyhasreceivedconfirmationofindependencefromeachoftheotherNon-executiveDirectorsasrequiredbytheHKListingRules.
Paul Manduca, Chairman
Appointment:October2010Chairman:July2012Committees:Nomination(Chair)Age:64
PaulistheChairmanoftheBoard.HeinitiallyjoinedtheBoardastheSeniorIndependentDirectorandmemberoftheAuditandRemunerationCommittees,andlatterly,theNominationCommittee.
Relevant skills and experience
PaulretiredasChairmanofJPMEuropeanSmallerCompaniesInvestmentTrustPlcinDecember2012andwastheChairmanofAonUKLimiteduntilSeptember2012.Hewasalsoanon-executivedirectorandChairmanoftheAuditCommitteeofKazMunaiGasExploration&ProductionuntiltheendofSeptember2012.FromSeptember2005untilMarch2011,Paulwasanon-executivedirectorofWmMorrisonSupermarketsPlc.Duringhistenure,hewastheSeniorIndependentDirector,thefirstAuditCommitteeChairmanandChairoftheRemunerationCommittee.PaulwastheSeniorIndependentDirectorandChairmanoftheAuditCommitteeofDevelopmentSecuritiesplcuntilMarch2010,ChairmanofBridgewell
Groupplcuntil2007andadirectorofHendersonSmallerCompaniesInvestmentTrustplcuntil2006.Priortothat,hewasEuropeanCEOofDeutscheAssetManagementfrom2002to2005,globalCEOofRothschildAssetManagementfrom1999to2002andfoundingCEOofThreadneedleAssetManagementLimitedfrom1994to1999whenhewasalsoadirectorofEagleStarandAlliedDunbar.PaulhasalsoservedasChairmanoftheAssociationofInvestmentCompaniesfrom1991to1993andisaformermemberoftheTakeoverPanel.
Other appointments
PaulisamemberoftheSecuritiesInstituteandChairmanofHendersonDiversifiedIncomeLimited.In2015,PaulbecameChairmanofTheCityUK’sAdvisoryCouncilandChairmanoftheTempletonEmergingMarketsInvestmentTrust(TEMIT).
Michael Wells, Group Chief Executive
Appointment:January2011Group Chief Executive:June2015Age:56
MikeisGroupChiefExecutive,apositionhehasheldsinceJune2015.
Relevant skills and experience
MikejoinedJacksonNationalLifeInsuranceCompany(Jackson),theNorthAmericanunitofPrudential,in1995,andbecameChiefOperatingOfficerandVice-Chairmanin2003.In2011hewasappointedPresidentandChiefExecutiveOfficerofJackson,andjoinedtheBoardofPrudential.
MikebeganhiscareeratthebrokeragehouseDeanWittergoingontobecomeamanagingdirectoratSmithBarneyShearson.AtJackson,Mikewasresponsiblefortheestablishmentofthebroker-dealernetworkNationalPlanningHoldingsandthedevelopmentofJackson’smarket-leadingrangeofvariableannuities.HewasalsopartoftheJacksonteamsthatpurchasedandsuccessfullyintegratedasavingsinstitute,threebrokerdealersandtwolifecompanies.
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Executive Directors
Nicolaos Nicandrou ACAChief Financial Officer
Appointment:October2009
Age:50
NicisChiefFinancialOfficer,apositionhehasheldsinceOctober2009.
Relevant skills and experienceBeforejoiningPrudential,NicworkedatAviva,whereheheldanumberofseniorfinanceroles,includingNorwichUnionLifeFinanceDirectorandBoardMember,AvivaGroupFinancialControlDirector,AvivaGroupFinancialManagementandReportingDirectorandCGNUGroupFinancialReportingDirector.
NicstartedhiscareeratPricewaterhouseCooperswhereheworkedinbothLondonandParis.InDecember2014NicwasappointedChairmanoftheEuropeanInsuranceCFOForum.
Penelope James ACAGroup Chief Risk Officer
Appointment:September2015
Age:46
PennyistheGroupChiefRiskOfficer,apositionshehasheldsinceSeptember2015.
Relevant skills and experiencePennyjoinedPrudentialin2011astheDirectorofGroupFinance,apositionshehelduntilher
appointmenttotheBoard.BeforejoiningPrudential,PennywasGroupChiefFinancialOfficerofOmegaInsuranceHoldings,acompanyformerlylistedontheMainMarketoftheLondonStockExchange.Shepreviouslyheldanumberofseniorfinancepositionsduringher12yearswithZurichFinancialServices,mostrecentlyservingasChiefFinancialOfficeroftheUKGeneralInsuranceDivision.Pennyqualified
asacharteredaccountantwithCoopers&LybrandDeloitte(nowpartofPwC)priortojoiningZurich.
Other appointmentsInJanuary2015,Pennywasappointedasanon-executivedirectorofAdmiralGroupplcandisamemberofAdmiral’sauditcommittee.
John FoleyExecutive Director
Appointment:January2016
Age:59
JohnisChiefExecutiveofPrudentialUK&Europe,apositionhehasheldsinceJanuary2016.
Relevant skills and experienceJohnjoinedPrudentialasDeputyGroupTreasurerin2000,beforebeingappointedManagingDirector,PrudentialCapital,andGroup
Treasurerin2001.HewasappointedChiefExecutive,PrudentialCapital,andtotheGroupExecutiveCommitteein2007.JohnwasappointedGroupChiefRiskOfficerandjoinedthePrudentialplcBoardin2011.In2013,hewasappointedtothenewroleofGroupInvestmentDirector,leavingtheBoardbutremainingamemberoftheGroupExecutiveCommittee.HewasappointedasInterimChiefExecutiveofPrudentialUK&Europein
October2015.BeforejoiningPrudential,hespentthreeyearswithNationalAustraliaBankasGeneralManager,GlobalCapitalMarkets.JohnbeganhiscareeratHillSamuel&Co.Limitedwhere,overa20-yearperiod,heworkedineverydivisionofthebank,culminatinginseniorrolesinrisk,capitalmarketsandtreasuryofthecombinedTSBandHillSamuelBank.
Michael McLintockExecutive Director
Appointment:September2000
Age:55
MichaelistheChiefExecutiveofM&G,apositionheheldatthetimeofM&G’sacquisitionbyPrudentialin1999.
Relevant skills and experienceMichaeljoinedM&Gin1992.HealsoservedontheBoardofCloseBrothersasaNon-executiveDirectorfrom2001to2008.
Other appointmentsMichaelhasbeenaTrusteeoftheGrosvenorEstatesinceOctober2008andwasappointedasanon-executivedirectorofGrosvenorGroupLimitedin
March2012.HehasbeenamemberoftheFinanceCommitteeoftheMCCsinceOctober2005.MichaelwasappointedtotheTakeoverAppealBoardon1March2016.
Barry StoweExecutive Director
Appointment:November2006
Age:58
BarryisChairmanandChiefExecutiveOfficeroftheNorthAmericanBusinessUnit,apositionhehasheldsinceJune2015.TheNorthAmericanBusinessUnitcomprisesJackson,CurianCapital,JacksonNationalAsset
Management,PPMAmericaandNationalPlanningHoldings.
Relevant skills and experienceBarrywastheChiefExecutiveofPrudentialCorporationAsiafromOctober2006toJune2015.BeforejoiningPrudential,BarrywasPresident,Accident&HealthWorldwideforAIGLifeCompanies.HejoinedAIGin1995afterhavingheldseniorpositionsat
Pan-AmericanLifeandWillisintheUnitedStates.
Other appointmentsBarryisamemberoftheBoardofDirectorsoftheInternationalInsuranceSociety.
Tony WilkeyExecutive Director
Appointment:June2015
Age:56
TonyisChiefExecutiveofPrudentialCorporationAsia,apositionhehasheldsinceJune2015.
Relevant skills and experienceTonyjoinedPrudentialin2006asChiefExecutiveofPrudentialCorporationAsia’snetworkoflifeinsuranceoperationsinAsiaacross12markets,apositionhehelduntilhisappointmenttotheBoard.UnderTony’sleadership,Prudential’slifeinsuranceoperationsgrewintosignificantmarket-leadingpositions.
BeforehejoinedPrudential,TonyservedasChiefOperatingOfficerofAmericanInternationalAssurance(AIA),basedinHongKong,overseeingAIA’slifecompaniesinSouth-eastAsia.
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Appendix 1: Biographies of Directors standing for election continued
Non-Executive Directors
The Hon. Philip Remnant CBE FCASenior Independent Director
Appointment:January2013
Age:61
Committees:Audit,NominationandRemuneration
Relevant skills and experiencePhilipwasasenioradviseratCreditSuisseuntilDecember2013.Philip
waspreviouslyaViceChairmanofCreditSuisseFirstBoston(CSFB)EuropeandHeadoftheUKInvestmentBankingDepartment.PhilipwassecondedtotheroleofDirectorGeneraloftheTakeoverPanelfrom2001to2003,andagainin2010.HeservedontheBoardofNorthernRockplcfrom2008to2010,andfrom2007to2012wasChairmanoftheShareholderExecutive.
Other appointmentsPhilipisaDeputyChairmanoftheTakeoverPanel,anon-executivedirectorofSevernTrentplc(sinceMarch2014)andSeniorIndependentDirectorofUKFinancialInvestmentsLimited.PhilipisalsoChairmanofCityofLondonInvestmentTrustplc(since2011).PhilipisChairmanofM&GGroupLimited,asubsidiaryoftheCompany.
Sir Howard DaviesNon-executive Director
Appointment:October2010
Age:65
Committees:Risk(Chair),AuditandNomination
Relevant skills and experienceSirHowardhasawealthofexperienceinthefinancialservicesindustry,acrosscivilservice,consultancy,assetmanagement,regulatoryandacademia.
SirHowardwaspreviouslyChairmanofthePhoenixGroupandanindependentdirectorofMorganStanleyInc.
Other appointmentsSirHowardisChairmanoftheRoyalBankofScotlandandaProfessoratInstitutd’ÉtudesPolitiques(SciencesPo).HeisChairmanoftheInternationalAdvisoryBoardoftheChinaSecuritiesRegulatoryCommissionandamemberoftheInternational
AdvisoryBoardoftheChinaBankingRegulatoryCommission.
Ann Godbehere FCPA FCGANon-executive Director
Appointment:August2007
Age:60
Committees:Audit(Chair),NominationandRisk
Relevant skills and experienceAnnbeganhercareerin1976withSunLifeofCanada,joiningMercantile&GeneralReinsuranceGroupin1981,wheresheheldanumberofmanagementrolesrising
toSeniorVicePresidentandControllerforlifeandhealthandproperty/casualtybusinessesinNorthAmericain1995.Between1996and2003AnnheldanumberofCFOandCEOpostsindifferentbusinesseswithinSwissReandfrom2003untilFebruary2007,AnnwasChiefFinancialOfficeroftheSwissReGroup.Fromitsnationalisationin2008untilJanuary2009,AnnwasInterimChiefFinancialOfficerandExecutiveDirectorofNorthern
Rock.ShewasalsoaDirectorofAtriumUnderwritingGroupLimitedandAtriumUnderwritersLimited(untilMarch2014),aswellasArdenHoldingsLimited(untilNovember2014).
Other appointmentsAnnisanon-executivedirectorofBritishAmericanTobaccop.l.c.,RioTintoplc,RioTintoLimited,UBSGroupAGandUBSAG.
David Law ACANon-executive Director
Appointment:September2015
Age:56
Committees:Audit
Relevant skills and experienceDavidbeganhiscareeratPwC,whereheworkedinavarietyofrolesintheUnitedKingdom,SwitzerlandandHongKong.
HewastheGlobalLeaderofPwC’sinsurancepractice,aPartnerinPwC’sUKfirmandworkedastheLeadAuditPartnerformultinationalinsurancecompaniesuntilhisretirementon30June2015.DavidhasalsobeenresponsibleforPwC’sinsuranceandinvestmentmanagementassurancepracticeinLondonandthefirm’sScottishassurancedivision.
Other appointmentsDavidisaDirectorofL&FHoldingsLimitedandChiefExecutiveofL&FIndemnityLimited,theprofessionalindemnitycaptiveinsurancegroupthatservesthePricewaterhouseCoopersnetworkanditsmemberfirms.
Kaikhushru Nargolwala FCANon-executive Director
Appointment:January2012
Age:65
Committees:RemunerationandRisk
Relevant skills and experienceKaiwasanon-executivedirectorofSingaporeTelecommunicationsLimiteduntilJuly2015.Hewasalsonon-executiveChairmanofCreditSuisseAsiaPacificuntilDecember2011,havingjoinedCreditSuissein2008asamemberoftheExecutiveBoardandCEOoftheAsiaPacific
region.From1998to2007,KaiworkedforStandardCharteredPLCwherehewasaGroupExecutiveDirectorresponsibleforAsiaGovernanceandRisk.Priortothat,hespent19yearsatBankofAmericaandfrom1990wasbasedinAsiaasGroupExecutiveVicePresidentandHeadoftheAsiaWholesaleBankingGroup.From2004to2007,hewasanon-executivedirectoratTate&LyleplcandatVisaInternational,whereheservedontheAsiaPacificBoard.
Other appointmentsKaiisamemberoftheBoardofthe
CasinoRegulatoryAuthorityofSingapore,anon-executivedirectorofPSAInternationalPte.LimitedandadirectorandChairmanofCliffordCapitalPte.Limited.KaiwasappointedasadirectorofCreditSuisseGroupAGinApril2013andbecameamemberoftheSingaporeCapitalMarketsCommitteeoftheMonetaryAuthorityofSingaporeinJanuary2014.KaiisalsoChairmanofPrudentialCorporationAsiaLimited,asubsidiaryoftheCompany.
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Anthony Nightingale CMG SBS JPNon-executive Director
Appointment:June2013
Age:68
Committees:Remuneration(Chair)andNomination
Relevant skills and experienceAnthonywasManagingDirectoroftheJardineMathesonGroupfrom2006to2012.HejoinedthatGroupin1969andheldanumberofseniorpositionsbeforejoiningtheBoardofJardineMathesonHoldingsin1994.
Other appointmentsAnthonyisnowanon-executivedirectorofJardineMathesonHoldingsandofotherJardineMathesongroupcompanies.TheseincludeDairyFarm,HongkongLand,JardineCycle&Carriage,JardineStrategicandMandarinOriental.AnthonyisalsoacommissionerofAstraInternationalandanon-executivedirectorofSchindlerHoldingLimited,VitasoyInternationalHoldingsLimitedandShuiOnLandLimited.
HeisaHongKongrepresentativetotheAPECBusinessAdvisoryCouncilandChairmanofTheHongKong-APECTradePolicyStudyGroup.HeisalsoamemberoftheSecuritiesandFuturesCommissionCommitteeonRealEstateInvestmentTrusts,acouncilmemberoftheEmployers’FederationofHongKong,amemberoftheUK-ASEANBusinessCouncilAdvisoryPanelandanon-officialmemberoftheCommissiononStrategicDevelopmentinHongKong.
Alice SchroederNon-executive Director
Appointment:June2013
Age:59
Committees:Audit
Relevant skills and experienceAlicebeganhercareerasaqualifiedaccountantatErnst&Youngin1980wheresheworkedfor11yearsbeforeleavingtojointheFinancialAccountingStandardsBoardasamanager.
FromSeptember1993sheworkedatvariousinvestmentbanksleadingteamsofanalystsspecialisinginproperty-casualtyinsurancebeforejoiningMorganStanley,whereshebecameaManagingDirectorin2001headingtheGlobalInsuranceEquityResearchteam.InMay2003AlicebecameasenioradviseratMorganStanleyleavinginNovember2009.AlicewasanindependentboardmemberoftheCeteraFinancialGroupuntilApril2014.SheisauthoroftheofficialbiographyofWarrenBuffett.
Other appointmentsAliceisanon-executivedirectorofBankofAmericaMerrillLynchInternational,CEOandChairmanofWebTunerCorp.andamemberofWomenCorporateDirectors.
Lord TurnerNon-executive Director
Appointment:September2015
Age:60
Committees:Risk
Relevant skills and experienceLordTurnerbeganhiscareerwithMcKinsey&Co,whereheadvisedcompaniesacrossarangeofindustries.HehasservedasDirector-Generalofthe
ConfederationofBritishIndustry,Vice-ChairmanofMerrillLynchEurope,ChairmanofthePensionsCommissionandasanon-executivedirectorofStandardCharteredBank.LordTurnerwasChairmanoftheUK’sFinancialServicesAuthority(FSA),amemberoftheinternationalFinancialStabilityBoardandanon-executivedirectoroftheBankofEnglandbetween2008and2013.
Other appointmentsLordTurnerhasbeenacrossbenchmemberoftheHouseofLordssince2005.Heisalsoanon-executivedirectorofOakNorthBank,ChairmanoftheInstituteforNewEconomicThinking,aVisitingProfessoratboththeLondonSchoolofEconomicsandtheCassBusinessSchool,andaVisitingFellowatNuffieldCollege,OxfordUniversity.
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NoneoftheDirectorsstandingforelectionorre-electionhasanyrelationshipwithanyotherDirector,memberofseniormanagementorsubstantialorcontrollingshareholderoftheCompany.ThebiographicalinformationinrespectofeachoftheseDirectorscomplieswiththedisclosurerequirementsassetoutintheHKListingRules.Assuch,therearenoothermattersthatneedtobebroughttotheattentionofholdersofsecuritiesoftheCompanyandnootherinformationtobedisclosedpursuanttotherequirementsofRule13.51(2)(h)to(v)oftheHKListingRules.
CurrentbasicannualfeesforNon-executiveDirectorsare£94,000withadditionalfeesforordinarymembershiporchairmanshipofaBoardCommitteeasfollows:
Committee
Ordinarymembership
£Chairmanship
£
Audit 27,500 70,000Nomination 10,000 –Risk 27,500 65,000Remuneration 27,500 60,000
PaulManducaistheChairmanoftheCompany.Hereceivesanannualfeeof£700,000,whichincludeshisCommitteeduties.PhilipRemnantistheSeniorIndependentDirectoroftheCompanyandhereceivesanannualfeeof£50,000,inadditiontohisBoardandCommitteefees.
SalarylevelsforexecutiveDirectorsarereviewedannuallybytheRemunerationCommitteetakingaccountofthepaybudgetsforthewiderworkforceandexternalmarketreferencepointstoprovidecontext.
ThecurrentbasicsalariesofJWFoley,PJJames,MGAMcLintock,NANicandrou,BLStowe,MAWellsandTWilkeyare£750,000,£618,000,£406,000,£725,000,US$1,133,000,£1,103,000andHK$9,070,000respectively.
Inaddition,theexecutiveDirectorsareeligibletoreceiveadiscretionaryannualbonusandlongtermincentiveawardsasdescribedmorefullyintheDirectors’RemunerationReportonpages101to129oftheAnnualReport.
Interests in the share capital of the Company
Asat1April2016,beingthelatestpracticabledatepriortothepublicationofthisdocument,theDirectorsheldthefollowinginterestsintheordinarysharecapitaloftheCompany.TheseinterestsincludesharesacquiredundertheShareIncentivePlan,deferredannualincentiveawardsandinterestsinsharesawardedonappointment.Allinterestsarebeneficial.ForfurtherinformationpleaserefertotheDirectors’RemunerationReportintheAnnualReport.
NoneoftheDirectorsstandingforelectionorre-electionhasaninterestintheCompany’sloanstock,northesharesorloanstockofanysubsidiaryorassociatedundertakingoftheGroup.
Directors’ interests in shares, options and awards
Interests in ordinary
shares
Interests in ordinary
shares under option
Option exercise
price £
Option exercise periods
HJDavies 8,730 n/a n/aAFGodbehere 15,914 n/a n/aJWFoley 264,414 998 9.01 1Dec16–31May17
779 11.55 1Dec17–31May18PJJames 25,977 1,620 11.11 1Dec18–31May19ADKJohnston 10,000 n/a n/aPVFSManduca 42,500 n/a n/aMGAMcLintock 195,229 2,622 11.55 1Dec19–31May20DJALaw 3,327 n/a n/aKSNargolwala 70,000 n/a n/aNANicandrou 283,268 3,268 4.66 1Dec16–31May17
1,311 11.55 1Dec19–31May20AJLNightingale 30,000 n/a n/aPJRemnant 6,916 n/a n/aASchroeder 8,500 n/a n/aBLStowe 347,162 n/a n/aLordTurner 2,000 n/a n/aMAWells 532,179 1,620 11.11 1Dec18–31May19TPWilkey 153,386 n/a n/a
Additional information
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provider,toprocurethathisCRESTsponsororvotingserviceprovider(s)take(s))suchactionasshallbenecessarytoensurethatamessageistransmittedbymeansoftheCRESTsystembyanyparticulartime.Inthisconnection,CRESTmembersand,whereapplicable,theirCRESTsponsorsorvotingsystemprovidersarereferred,inparticular,tothosesectionsoftheCRESTManualconcerningpracticallimitationsoftheCRESTsystemandtimings.
13. TheCompanymaytreatasinvalidaCRESTProxyInstructioninthecircumstancessetoutinRegulation35(5)(a)oftheUncertificatedSecuritiesRegulations2001.
14. Inthecaseofjointholders,wheremorethanoneofthejointholderspurportstoappointaproxy,onlytheappointmentsubmittedbythemostseniorholderwillbeaccepted.SeniorityisdeterminedbytheorderinwhichthenamesofthejointholdersappearintheCompany’sregisterofmembersinrespectofthejointholding(thefirst-namedbeingthemostsenior).
15. Anycorporationwhichisamembermayappointoneormorecorporaterepresentativeswhomayexerciseonitsbehalfallofitspowersasamemberprovidedthattheydonotdosoinrelationtothesameshares.
16. UnderSection527ofthe2006Act,membersmeetingthethresholdrequirementssetoutinthatsectionhavetherighttorequiretheCompanytopublishonawebsiteastatementsettingoutanymatterrelatingto:(i)theauditoftheCompany’saccounts(includingtheauditor’sreportandtheconductoftheaudit)thataretobelaidbeforetheMeeting;or(ii)anycircumstanceconnectedwithanauditoroftheCompanyceasingtoholdofficesincethepreviousmeetingatwhichannualaccountsandreportswerelaidinaccordancewithSection437ofthe2006Act.TheCompanymaynotrequiretheshareholdersrequestinganysuchwebsitepublicationtopayitsexpensesincomplyingwithSections527or528ofthe2006Act.WheretheCompanyisrequiredtoplaceastatementonawebsiteunderSection527ofthe2006Act,itmustforwardthestatementtotheCompany’sauditornotlaterthanthetimewhenitmakesthestatementavailableonthewebsite.ThebusinesswhichmaybedealtwithattheMeetingincludesanystatementthattheCompanyhasbeenrequiredunderSection527ofthe2006Acttopublishonawebsite.
17. AnymemberortheirproxyattendingtheMeetinginpersonorbyproxyhastherighttoaskquestions.TheCompanymustprovideananswertoanysuchquestionrelatingtothebusinessbeingdealtwithattheMeetingbutnosuchanswerneedbegivenif(a)todosowouldinterfereundulywiththepreparationfortheMeetingorinvolvethedisclosureofconfidentialinformation,(b)theanswerhasalreadybeengivenonawebsiteintheformofananswertoaquestion,or(c)itisundesirableintheinterestsoftheCompanyorthegoodorderoftheMeetingthatthequestionbeanswered.
18. AcopyofthisNoticeandotherinformationrequiredbySection311Aofthe2006Act,maybefoundatwww.prudential.co.uk/investors/shareholder-centre/agm-information/2016
19. TheCompanywillcontinueitspracticeofcallingapollonallresolutionsattheMeeting.Theprovisionalvotingresults,whichwillincludeallvotescastforandagainsteachresolutionattheMeeting,andallproxieslodgedpriortotheMeeting,whichwillincludevotescastforandagainsteachresolution,willbeannouncedattheMeetingandpublishedontheCompany’swebsiteassoonaspracticableaftertheMeeting.TheCompanywillalsodisclosethenumberofvoteswithheldattheMeetingandonitswebsite.ThispracticeprovidesshareholderspresentwithsufficientinformationregardingthelevelofsupportandoppositiontoeachresolutionandensuresallvotescasteitherattheMeetingorthroughproxiesareincludedintheresult.
20. YoumaynotuseanyelectronicaddressprovidedeitherinthisNoticeofMeetingoranyrelateddocuments(includingtheChairman’sletterandFormofProxy)tocommunicatewiththeCompanyforanypurposesotherthanthoseexpresslystated.
1. Membersareentitledtoappointaproxytoexercisealloranyoftheirrightstoattend,speakandvoteontheirbehalfattheMeeting.AshareholdermayappointmorethanoneproxyinrelationtotheMeetingprovidedthateachproxyisappointedtoexercisetherightsattachedtoadifferentshareorsharesheldbythatshareholder.Wheremorethanoneproxyisappointed,membersmustspecifythenumberofshareseachproxyisentitledtoexercise.AproxyneednotbeashareholderoftheCompany.
2. Members’attentionisdrawntotheFormofProxyaccompanyingthisNotice.Aproxymaybeappointedbyanyofthefollowingmethods:
i. CompletingandreturningtheenclosedFormofProxy;
ii. FormembersontheUKregister,electronicproxyappointmentbyloggingontothewebsiteofEquiniti,theCompany’sregistrar,atwww.sharevote.co.ukShareholderswillneedtheirVotingID,TaskIDandShareholderReferenceNumber,whichareprintedontheaccompanyingFormofProxy.Fulldetailsoftheproceduresaregivenonthewebsite.IfyouhavealreadyregisteredwithEquiniti’son-lineportfolioserviceShareview,youmaysubmityourproxyvotebyloggingontoyourportfolioatwww.shareview.co.ukandclickingonthelinktovote.Instructionsaregivenonthewebsite;
or iii. IfyouareamemberofCREST,byusingtheCREST
electronicappointmentservice. IMPORTANT:Whichevermethodyouchoose,your
instructionsorFormofProxymustbereceivedbytheregistrarnolaterthan11.00amLondontime(6.00pmHongKong/Singaporetime)onTuesday17May2016.AnypersonholdinganinterestinsharesthroughCDPmustsubmitthecompletedFormofProxytoCDP,andshouldnotethatCDPmustreceivevotinginstructionsby5.00pmSingaporetimeonWednesday11May2016toallowittocollatevotinginstructionsforonwardtransmissiontoComputershareHongKongInvestorServicesLimited(ComputershareHongKong),theHongKongbranchshareregistrar,bythedeadlineabove.
3. IfyouarearegisteredshareholderanddonothaveaFormofProxyandbelievethatyoushouldhaveone,orifyourequireadditionalforms,orwouldliketorequestahardcopyoftheAnnualReportpleasecontactEquinition03713842035orComputershareHongKongon+85228628555.Pleasecontact+441214157026fortheEquinitioverseashelplineifyouarecallingfromoutsidetheUK.LinesatEquinitiareopenfrom8.30amto5.30pmLondontimeMondaytoFriday.ShareholdersontheIrishbranchregistershouldcontactCapitaon+35315530050.
4. TobevalidaFormofProxy,orotherinstrumentappointingaproxy,mustbereceivedbypostorbyhand(duringnormalbusinesshoursonly)atEquinitiLimited,AspectHouse,SpencerRoad,Lancing,WestSussex,BN996DAnolaterthan11.00amLondontime(6.00pmHongKong/Singaporetime)onTuesday17May2016oratComputershareHongKongInvestorServicesLimited,17MFloor,HopewellCentre,183Queen’sRoadEast,WanChai,HongKongnolaterthan11.00amLondontime(6.00pmHongKong/Singaporetime)onTuesday17May2016.ShareholderswhoholdtheirsharesontheIrishbranchregistershouldreturntheircompletedproxiestoCapitaAssetServicesShareholdersolutions(Ireland),POBox7117,Dublin2,Irelandorbyhand(duringnormalbusinesshours)toCapitaAssetServicesShareholdersolutions(Ireland),2GrandCanalSquare,Dublin2,Irelandsoastobereceivednolaterthan11.00amLondontimeonTuesday17May2016.AnypersonholdinganinterestinsharesthroughCDPmustsubmitthecompletedFormofProxytoCDP,andshouldnotethatCDPmustreceivevotinginstructionsby5.00pmSingaporetimeonWednesday11May2016toallowittocollatevotinginstructionsforonwardtransmissiontoComputershareHongKong,theHongKongbranchregistrar,bythedeadlineabove.
5. ThereturnofacompletedFormofProxy,othersuchinstrumentoranyCRESTProxyInstruction(asdescribedinparagraph11below)willnotpreventashareholderattendingtheMeetingandvotinginpersonifhe/shewishestodoso.
6. AnypersontowhomthisNoticeissentwhoisapersonnominatedunderSection146ofthe2006Acttoenjoyinformationrights(anominatedperson)may,underanagreementbetweenhim/herandtheshareholderbywhomhe/shewasnominated,havearighttobeappointed(ortohavesomeoneelseappointed)asaproxyfortheMeeting.Ifanominatedpersonhasnosuchproxyappointmentrightordoesnotwishtoexerciseit,he/shemay,underanysuchagreement,havearighttogiveinstructionstotheshareholderastotheexerciseofvotingrights.
7. Thestatementoftherightsofshareholdersinrelationtotheappointmentofproxiesinparagraphs1to4abovedoesnotapplytonominatedpersons.TherightsdescribedintheseparagraphscanonlybeexercisedbyregisteredshareholdersoftheCompany.
8. TobeentitledtoattendandvoteattheMeeting(andforthepurposeofthedeterminationbytheCompanyofthevotestheymaycast),shareholdersmustberegisteredontheCompany’smainUKshareregister,HongKongbranchregisterorIrishbranchregisterasat6.00pmLondontimeonTuesday17May2016,(1.00amHongKongtimeonWednesday18May2016)(or,intheeventofanyadjournment,6.00pmLondontimetwodayspriortotheadjournedmeeting).AnypersonholdinganinterestinsharesthroughCDPmustberegisteredonCDP’sregisterasat5.00pmSingaporetimeonWednesday11May2016or,intheeventofanadjournment,5.00pmSingaporetimeninedayspriortotheadjournedmeeting).TheearlierCDPdeadlineistoallowsufficienttimeforapersonholdinganinterestinsharesthroughCDPtoobtainauthorisationtoactasaproxyorrepresentativeofHKSCCNomineesLimited,inwhosenamethesharesareregistered,attheMeeting.ChangestotheCompany’sshareregistersaftertherelevantdeadlineshallbedisregardedindeterminingtherightsofanypersontoattendandvoteattheMeeting.
9. Asat1April2016(beingthelatestpracticabledaypriortothepublicationofthisNotice)theCompany’sissuedsharecapitalconsistsof2,572,678,226ordinaryshares,carryingonevoteeach.Therefore,thetotalvotingrightsintheCompanyasat1April2016were2,572,678,226.TheCompanydoesnotholdanysharesintreasury.
10. CRESTmemberswhowishtoappointaproxyorproxiesthroughtheCRESTelectronicproxyappointmentservicemaydosobyusingtheproceduresdescribedintheCRESTManual.CRESTpersonalmembersorotherCRESTsponsoredmembers,andthoseCRESTmemberswhohaveappointedaserviceprovider(s),shouldrefertotheirCRESTsponsororvotingserviceprovider(s),whowillbeabletotaketheappropriateactionontheirbehalf.
11. InorderforaproxyappointmentorinstructionmadeusingtheCRESTservicetobevalid,theappropriateCRESTmessage(aCRESTProxyInstruction)mustbeproperlyauthenticatedinaccordancewithEuroclearUK&IrelandLimited’sspecifications,andmustcontaintheinformationrequiredforsuchinstruction,asdescribedintheCRESTManual(availableviawww.euroclear.com).Themessage,regardlessofwhetheritconstitutestheappointmentofaproxyorisanamendmenttotheinstructiongiventoapreviouslyappointedproxymust,inordertobevalid,betransmittedsoastobereceivedbytheissuer’sagent(IDRA19)by11.00amLondontimeonTuesday17May2016.Forthispurpose,thetimeofreceiptwillbetakentobethetime(asdeterminedbythetimestampappliedtothemessagebytheCRESTApplicationHost)fromwhichtheissuer’sagentisabletoretrievethemessagebyenquirytoCRESTinthemannerprescribedbyCREST.AfterthistimeanychangeofinstructionstoproxiesappointedthroughCRESTshouldbecommunicatedtotheappointeethroughothermeans.
12. CRESTmembersand,whereapplicable,theirCRESTsponsors,orvotingserviceprovidersshouldnotethatEuroclearUK&IrelandLimiteddoesnotmakeavailablespecialproceduresinCRESTforanyparticularmessage.Normalsystemtimingsandlimitationswill,therefore,applyinrelationtotheinputofCRESTProxyInstructions.ItistheresponsibilityoftheCRESTmemberconcernedtotake(or,iftheCRESTmemberisaCRESTpersonalmember,orsponsoredmember,orhasappointedavotingservice
Notes to Notice of Meeting
Prudential plc Notice of Annual General Meeting 2016 www.prudential.co.uk14
IfyouareanoverseasshareholderthenyoumaybeabletomakeuseoftheoverseaspaymentserviceprovidedbyEquinitiwhichenablesyourdividendstobepaidinlocalcurrencydirecttoyourbankaccount.ToobtainfurtherinformationaboutthisservicepleasecontactEquinitionthenumberaboveoralternativelyvisitwww.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Shareholders/Pages/Overseas-Payment-Service.aspx
2015 Second Interim and Special Dividend timetable
Thetimetableforthe2015secondinterimdividendandspecialdividendisasfollows:
9 March 2016Announcementof2015fullyearauditedresultsanddividend
24 March 2016OrdinarysharesquotedexdividendintheUK,Ireland,HongKongandSingapore
29 March 2016Recorddateforthe2015secondinterimdividendandspecialdividend
20 May 2016DividendpaymentdateintheUK,IrelandandHongKong
27 May 2016 (on or about)DividendpaymentdateinSingapore
Annual General Meeting
ThePrudentialplc2016AnnualGeneralMeetingwillbeheldat:
ChurchillAuditorium,QueenElizabethIIConferenceCentre,BroadSanctuary,Westminster,LondonSW1P3EEat11.00amLondontime(6.00pmHongKong/Singaporetime)onThursday19May2016.
TheNoticeofMeetingandallotherdetailsfortheAnnualGeneralMeetingareavailableonourwebsitewww.prudential.co.uk/investors/shareholder-centre/agm-information/2016
Specialarrangementshavebeenmadetohelpshareholderswhoareinanywayphysicallydisabledorthosewhoarehardofhearing.
QueenElizabethIIConferenceCentreoperatesasecuritysystem.Camerasandrecordingdevicesarenotpermittedintheauditorium.
By UndergroundThenearesttubestationsareStJames’sParkandWestminsterontheDistrictandCirclelines.WestminsterisalsoontheJubileeline.
By BusBusroutes24,11and211allstopnearby.
Shareholder enquiries
Forenquiriesaboutshareholdings,includingdividendsandlostsharecertificates,pleasecontacttheCompanyRegistrars:
By postEquinitiLimitedAspectHouseSpencerRoadLancingWestSussexBN996DA
By telephoneTel03713842035Fax03713842100Textel03713842255(forhardofhearing)
Linesareopenfrom8.30amto5.30pm(UK),MondaytoFriday.InternationalshareholdersTel:+441214157026
Dividend mandates
Shareholdersmayhavetheirdividendspaiddirectlytotheirbankorbuildingsocietyaccount.Ifyouwishtotakeadvantageofthisfacility,pleasecallEquinitiandrequestacashdividendmandateform.Alternatively,shareholdersmaydownloadtheformfromwww.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Shareholders/Documents/MandateForm.pdf
Getting to the 2016 Annual General Meeting and Shareholder Information
Queen Elizabeth IIConference Centre
Mainentrance
ParliamentSquare
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Westminster
StJames’sPark
VictoriaStation
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Ab
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Victoria Street
Broad Sanctuary
Petty France Tothill Street
Westminster BridgeBirdcage Walk Great George Street
St James’s Park
Westminster Abbey
www.prudential.co.uk� Notice�of�Annual�General�Meeting�2016 Prudential plc 15
Hong Kong branch register
TheCompanyoperatesabranchregisterforshareholdersinHongKong.AllenquiriesregardingHongKongbranchregisteraccountsshouldbedirectedtoComputershareHongKongInvestorServicesLimited,17MFloor,HopewellCentre,183Queen’sRoadEast,WanChai,HongKong.Telephone:+85228628555.
American Depositary Receipts (ADRs)
TheCompany’sordinarysharesarelistedontheNewYorkStockExchangeintheformofAmericanDepositaryShares,evidencedbyADRsandtradedunderthesymbolPUK.EachAmericanDepositarySharerepresentstwoordinaryshares.AllenquiriesregardingADRholderaccountsshouldbedirectedtoJ.P.Morgan,theauthoriseddepositarybank,atJ.P.MorganChaseBank,N.A.POBox64504,St.Paul,MN55164-0854,USA.TelephoneGeneral+18009901135orfromoutsidetheUS+16514532128orlogontowww.adr.com
Singapore shareholder enquiries
ShareholderswhohavesharesstandingtothecreditoftheirsecuritiesaccountswithCDPinSingaporemayreferqueriestotheCDPat9NorthBuonaVistaDrive,#01-19/20,TheMetropolis,Singapore138588.Telephone+6565357511.EnquiriesregardingsharesheldinDepositoryAgentSub-accountsshouldbedirectedtoyourDepositoryAgentorbroker.
Share dealing services
TheCompany’sRegistrars,Equiniti,offerapostaldealingfacilityforbuyingandsellingPrudentialplcordinaryshares;pleaseseetheEquinitiaddressaboveortelephone03713842248.Theyalsoofferatelephoneandinternetdealingservice,Shareview,whichprovidesasimpleandconvenientwayofsellingPrudentialplcshares.Fortelephonesalescall03456037037between8.30amand5.30pm,MondaytoFriday,andforinternetsaleslogontowww.shareview.co.uk/dealing
Change to Dividend tax vouchers
Income Tax: changes to dividend taxationTheUKGovernmenthasannouncedthatfrom6April2016theDividendTaxCreditwillbereplacedbyanewtax-freeDividendAllowanceforShareholderssubjecttoUKincometax.Thiswillbeintheformofa0%taxrateonthefirst£5,000ofdividendincomeperyear.UKresidentswillpaytaxonanydividendsreceivedoverthe£5,000allowanceatthefollowingrates:
— 7.5%ondividendincomewithinthebasicrate(20%)band
— 32.5%ondividendincomewithinthehigherrate(40%)band
— 38.1%ondividendincomewithintheadditionalrate(45%)band
DividendspaidonsharesheldwithinpensionsandIndividualSavingsAccounts(ISAs)willcontinuetobetaxfree.
FurtherinformationisavailablefromHMRC.
IMPORTANT:YouwillberequiredtoretaindetailsofanydividendpaymentsyoureceiveandcompleteTaxReturnswhererequired.ForfurtheradvicepleasecontactataxorfinancialadvisorwhointheUKmustbeauthorisedbytheFinancialConductAuthority.
ShareGift
Shareholderswhoonlyhaveasmallnumberofshares,thevalueofwhichmakesthemuneconomictosell,maywishtoconsiderdonatingthemtoShareGift(RegisteredCharity1052686).Therelevantsharetransferformmaybedownloadedfromourwebsitewww.prudential.co.uk/prudential-plc/investors/shareholder_services/formsorfromEquiniti.FurtherinformationaboutShareGiftmaybeobtainedon+44(0)2079303737orfromwww.ShareGift.org
Irish branch register
TheCompanyoperatesabranchregisterforshareholdersinIreland.AllenquiriesregardingIrishbranchregisteraccountsshouldbedirectedtoCapitaAssetServices,Shareholdersolutions(Ireland),POBox7117,Dublin2.Telephone:+35315530050.
Cash dividend alternative
TheCompanyoperatesaDividendRe-investmentPlan(DRIP).ShareholderswhohaveelectedfortheDRIPwillautomaticallyreceivesharesforallfuturedividendsinrespectofwhichaDRIPalternativeisoffered.Theelectionmaybecancelledatanytimebytheshareholder.FurtherdetailsoftheDRIPandthetimetableareavailableatwww.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Products/Pages/Dividend-Reinvestment-Plans.aspx
Electronic communications
ShareholdersareencouragedtoelecttoreceiveshareholderdocumentselectronicallybyregisteringwithShareviewatwww.shareview.co.ukShareholderswhohaveregisteredwillbesentanemailnotificationwhenevershareholderdocumentsareavailableontheCompany’swebsite.Whenregistering,shareholderswillneedtheirShareholderReferenceNumberwhichcanbefoundontheirsharecertificateorFormofProxy.TheoptiontoreceiveshareholderdocumentselectronicallyisnotavailabletoshareholdersholdingsharesthroughCDP.
How to manage shareholdings
Informationonhowtomanageshareholdingscanbefoundatwww.shareview.co.ukThepagesatthiswebaddressprovidethefollowing:
— Answerstocommonlyaskedquestionsregardingshareholderregistration;
— Linkstodownloadableforms,guidancenotes,andCompanyhistoryfactsheets;
— Achoiceofcontactmethods:email,phoneorpost.
Iftheanswertoaquestionisnotincludedintheinformationprovided,shareholderscansendenquiresviasecureemailfromthesepages.Aformwillneedtobecompleted,togetherwithaShareholderReferenceNumber,name,addressandemailaddress,ifdesired.
Corporate Sponsored Nominee Account
PrudentialnowoffersaCorporateSponsoredNomineeAccount(CSN)thatwillallowshareholdersbasedintheEEAtoholdtheirPrudentialsharesinanelectronicformat.FurtherinformationontheCSNcanbefoundatwww.shareview.co.uk
TojointheCSNsimplycontactEquinition03713842035foraTransferForm.Completeandreturnitwithyoursharecertificatestotheaddressstatedontheform.
Furtherinformation,includingthefullTermsandConditions,canbefoundonlineatwww.shareview.co.uk/info/csnoralternativelyyoucanspeaktosomeoneatEquinition03713842035.
Prudential public limited companyIncorporated and registered in England and Wales
Registered officeLaurence Pountney HillLondon EC4R 0HHRegistered number 1397169
www.prudential.co.uk
Prudential plc is a holding company, subsidiaries of which are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.