[6-K] PRUDENTIAL PLC ADS (REP 2 ORD SHARES) Current Report (Foreign Issuer)
Prudential plc announced a scrip dividend alternative for its 2025 first interim dividend of 7.71 US cents per ordinary share. Shareholders who wish to receive new shares instead of cash must have held a minimum of 175 ordinary shares on the record date of 5 September 2025, a threshold calculated by dividing the Scrip Reference Price by the Dividend and rounding up. The Scrip Reference Price was defined as the five-day average middle-market price on the London Stock Exchange starting 4 September 2025, converted to US dollars using Bloomberg WMR mid-point rates on 10 September 2025. The Scrip Reference Price for this issue is US$13.422519 per new ordinary share.
- Scrip dividend alternative offered gives shareholders the option to receive new shares instead of cash for the 2025 first interim dividend of 7.71 US cents per share
- Scrip Reference Price explicitly stated as US$13.422519, and the conversion methodology and timing are clearly disclosed
- Minimum participation threshold of 175 ordinary shares on the record date may exclude small shareholders from electing the scrip alternative
- Filing contains no financial results or balance-sheet context, limiting material insight for investors beyond the dividend mechanics
Insights
TL;DR: Routine scrip dividend details provided; conversion mechanics and reference price are clearly specified.
The filing lays out the mechanics for Prudential's 2025 first interim scrip dividend: dividend amount, eligibility record date, the formula for the minimum shareholding to participate and the precise Scrip Reference Price used to determine share issuance. This is a procedural disclosure that enables holders to decide between cash and share receipt with transparent pricing inputs. There is no earnings or balance-sheet information, so investor impact is limited to shareholder election and potential share count dilution depending on take-up.
TL;DR: Disclosure aligns with standard scrip dividend governance, specifying record date and conversion method.
The document meets governance expectations by specifying the record date (5 September 2025), the ex-dividend start for price averaging (4 September 2025), and the currency conversion timing (Bloomberg WMR midpoint on 10 September 2025). It also states the exact Scrip Reference Price (US$13.422519) and the minimum shareholdings required to elect scrip, supporting procedural fairness. No unusual governance actions or corporate changes are disclosed.