Glonghui, September 12 | Prudential (02378.HK) announced that on August 28, 2024, Prudential announced that it would pay its first interim dividend of 6.84 cents per common share in 2024. On August 30, 2024, Prudential further announced that it will provide a share-based alternative to dividends based on shareholders' approval obtained at the 2024 Annual General Meeting of Shareholders. To participate in the share-based dividend alternative, shareholders must hold at least 118 common shares on the applicable record dates of this dividend (September 6, 2024 for UK and Singapore shareholders, and September 9, 2024 for Hong Kong shareholders). This figure is calculated by dividing the reference price of dividends by the current dividend, and then the resulting figure is adjusted upward to a whole number.
The reference price for dividend shares is the average median market price of Prudential shares on the London Stock Exchange during the five-day trading period from the dividend date (September 5, 2024), and converted to US dollars at the midpoint WMR spot exchange rate announced by Bloomberg in London at or around 11:00 a.m. on September 11, 2024 (Wednesday).
For this dividend, the reference price of dividend shares for issuing new shares under the share-based dividend alternative is: $8.046366 per new common share
Full details on the share-based interest alternative are expected to be provided to shareholders on or around September 13, 2024.
