Prudential : Memorandum and Articles of Association

COMPANY NO. 1397169

A PUBLIC COMPANY LIMITED BY SHARES

MEMORANDUM

and

ARTICLES OF ASSOCIATION

of

PRUDENTIAL PUBLIC LIMITED COMPANY

	Contents
Memorandum of Association........................................................................................................................	1
ARTICLE	PAGE
Preliminary...................................................................................................................................................	2
Limited Liability ............................................................................................................................................	5
Change of name ...........................................................................................................................................	5
Share Rights................................................................................................................................................	5
Variation of rights .......................................................................................................................................	9
Share certificates.........................................................................................................................................	9
Lien ............................................................................................................................................................	10
Calls on shares..........................................................................................................................................	10
Forfeiture and surrender............................................................................................................................	11
Transfer of shares .....................................................................................................................................	12
Transmission of shares ............................................................................................................................	13
Alteration of share capital ..........................................................................................................................	14
General meetings ......................................................................................................................................	15
Proceedings at general meetings..............................................................................................................	18
Votes of members .....................................................................................................................................	20
Proxies and corporate representatives .....................................................................................................	21
Company investigations ............................................................................................................................	24
Number of directors ...................................................................................................................................	25
Election and retirement of directors...........................................................................................................	25
Alternate directors .....................................................................................................................................	27
Powers of the board ..................................................................................................................................	28
Delegation of powers of the board ............................................................................................................	28
Disqualification and removal of directors ..................................................................................................	29
Remuneration of non-executive directors .................................................................................................	30
Directors' expenses ...................................................................................................................................	31
Executive directors ....................................................................................................................................	31
Directors' interests .....................................................................................................................................	32
Proceedings of the board ..........................................................................................................................	36
Borrowing powers......................................................................................................................................	37
Gratuities, pensions and insurance ...........................................................................................................	40
The seal.....................................................................................................................................................	41
Registers ...................................................................................................................................................	41
Dividends ...................................................................................................................................................	42
Capitalisation of profits and reserves ........................................................................................................	45
Record dates .............................................................................................................................................	46
Accounts ....................................................................................................................................................	47
Notices.......................................................................................................................................................	47
Destruction of documents..........................................................................................................................	51
Untraced shareholders ..............................................................................................................................	52
Indemnity ...................................................................................................................................................	53
Dispute Resolution ....................................................................................................................................	53

COMPANY NO. 1397169

A PUBLIC COMPANY LIMITED BY SHARES

MEMORANDUM OF ASSOCIATION

of

PRUDENTIAL PUBLIC LIMITED COMPANY

(amended by the Companies Act 2006 effective on 1 October 2009)

We, the subscribers to this memorandum of association, wish to be formed into a company pursuant to this memorandum. We agree to take the number of shares shown opposite our respective names.

Name and address of subscriber	Number of shares taken
Ronald Hugh Owen	1
The Rt. Hon. James Edward Ramsden	1
The Rt. Hon. Leslie Kenneth Baron	1
O'Brien of Lothbury
Angus Fraser Murray	1
John Anthony Tristram Barston	1
The Rt. Hon. Leonard Robert Lord Carr	1
of Hadley
Harry Gordon Clarke	1
	Total shares taken

7

Date: 27 September 1978

Witness to signatures:

1

COMPANY NO. 1397169

A PUBLIC COMPANY LIMITED BY SHARES

ARTICLES OF ASSOCIATION

of

PRUDENTIAL PUBLIC LIMITED COMPANY

			(adopted by a special resolution passed on 17 May 2018)
				Preliminary
Exclusion of	1.	No regulations or articles set out	in any statute, or in any statutory	instrument or other
other		subordinate legislation made under	any statute, concerning companies	shall apply as the
regulations
	regulations or articles of the Company.
Definitions	2.	In these Articles, except where the subject or context otherwise requires:

Act means the Companies Act 2006 including any modification or re-enactment of it for the time being in force;

address, includes any number or address used for the purposes of sending or receiving documents or information by electronic means;

Articles means these articles of association as altered from time to time by special resolution;

auditors means the auditors of the Company;

the Bank of England base rate means the base lending rate most recently set by the Monetary Policy Committee of the Bank of England in connection with its responsibilities under Part 2 of the Bank of England Act 1998;

the board means the directors or any of them acting as the board of directors of the Company;

certificated share means a share in the capital of the Company that is not an uncertificated share and references in these Articles to a share being held in certificated form shall be construed accordingly;

clear days in relation to the sending of a notice means the period excluding the day on which a notice is sent or deemed to be sent and the day for which it is sent or on which it is to take effect;

Companies Acts means every statute (including any orders, regulations or other subordinate legislation made under it) from time to time in force concerning companies in so far as it applies to the Company;

Company means Prudential public limited company;

2

director means a director of the Company;

electronic platform means any form of electronic platform and includes, without limitation, website addresses, application technology and conference systems;

employees' share scheme has the meaning given by section 1166 of the Act;

entitled by transmission means, in relation to a share in the capital of the Company, entitled as a consequence of the death or bankruptcy of the holder or some other event which gives rise to the transmission of the share by operation of law;

holder in relation to a share in the capital of the Company means the member whose name is entered in the register as the holder of that share;

hybrid general meeting means a general meeting held at a physical location where simultaneous participation is enabled via an electronic platform(s);

legislation means every statute (and any orders, regulations or other subordinate legislation made under it) applying to the Company;

Memorandum means the memorandum of association of the Company as amended from time to time;

office means the registered office of the Company;

ordinary shareholder means in relation to an ordinary share the member whose name is entered in the register as the holder of that ordinary share;

ordinary shares means the ordinary shares of 5p each in the capital of the Company;

paid means paid or treated (credited) as paid;

place means, in relation to a general meeting, the place of a physical meeting and (in the case of a hybrid general meeting) the electronic platform(s) specified by the board in relation to such hybrid general meeting and, where relevant, references to the place of a general meeting include any combination of two or more such places;

physical general meeting means a general meeting that is not a hybrid general meeting;

recognised person means a recognised clearing house or a nominee of a recognised clearing house or of a recognised investment exchange, each of which terms has the meaning given to it by section 778(3) of the Act;

register means the register of members of the Company;

seal means any common or official seal that the Company may be permitted to have under the Companies Acts;

secretary means the secretary of the Company and includes a joint, assistant, deputy or temporary secretary and any other person appointed to perform the duties of the secretary;

3