TIDMPRU
RNS Number : 1917Z
Prudential PLC
24 May 2016
Prudential plc (the Company)
Notification of interests of Persons Discharging Managerial
Responsibility (PDMRs) and connected persons
Prudential plc (the Company) announces that it has released to
PDMRs shares under the Prudential Long Term Incentive Plan. This is
the first release under this plan which was approved by
shareholders at the Annual General Meeting held in May 2013.
Disposals have also been made to cover the cost of taxes and
sales fees, together with other requested sales.
In addition dividend equivalents have accrued to PDMRs who
participate in either the Annual Incentive Plan or the Group
Deferred Bonus Plans, following the payment of the second 2015
interim and special dividend on 20 May 2016.
This announcement is made in accordance with the requirements of
DTR 3.1.4R(1)(a).
Notifications of disposal of interests under the Prudential Long
Term Incentive Plan (PLTIP)
The Company advises that on 23 May 2016 it released awards made
under the PLTIP over ordinary shares of 5p and American Depositary
Receipts (ADRs) for the benefit of PDMRs in the Company. Details
are shown in table 1 and 2 below.
Table 1
The Company was notified on 24 May 2016 that sales were made in
New York on behalf of PDMRs, as follows:
Name Beneficial Number of Number of Number of Number of Number of Number of Total
interest ADRs ADRs sold ADRs sold ADRs sold ADRs sold at ADRs sold beneficial
before released at $38.36 at $38.328 at $38.30 $40.10379 on at $40.075 interest
release on 23 May on 23 May on 23 May 24 May 2016 following following
2016 2016 2016 transfer transaction
to
charitable
trust on
24 May
2016
------------ ----------- ----------- ---------- ----------- ----------- ------------- ----------- ------------
M Wells
(ADRs) 214,414 151,475 - - - 126,596 24,879 214,414
------------ ----------- ----------- ---------- ----------- ----------- ------------- ----------- ------------
B Stowe
(ADRs) 166,949 70,889 70,889 10,161 27,000 - - 129,788
------------ ----------- ----------- ---------- ----------- ----------- ------------- ----------- ------------
Included in the disposal figure are 24,879 ADRs which Mr Michael
Wells transferred to a charitable trust, of which he is a trustee.
Subsequently the charitable trust sold the ADRs at a price of
$40.075 per ADR, also on 24 May 2016.
Table 2
The Company was notified on 24 May 2016 that sales were made in
London on 23 May 2016 at GBP13.2019 and GBP13.24736 per share on
behalf of PDMRs, as follows:
Name Beneficial Number of shares Number of shares Number of shares Total beneficial
interest in shares released sold sold at interest following
before release of at GBP13.2019 GBP13.24736 transaction
award
------------- ------------------- ------------------- ------------------- ------------------- -------------------
J Foley 264,442 145,981 19,802 145,981 244,640
------------- ------------------- ------------------- ------------------- ------------------- -------------------
P James 25,977 27,878 - 13,116 40,739
------------- ------------------- ------------------- ------------------- ------------------- -------------------
M McLintock 195,257 51,688 1,241 51,688 194,016
------------- ------------------- ------------------- ------------------- ------------------- -------------------
N Nicandrou 283,297 135,690 - 118,894 300,093
------------- ------------------- ------------------- ------------------- ------------------- -------------------
T Wilkey 153,386 82,953 35,296 82,953 118,090
------------- ------------------- ------------------- ------------------- ------------------- -------------------
R Hariharan 15,525 23,696 3,528 23,696 11,997
------------- ------------------- ------------------- ------------------- ------------------- -------------------
J Oliver 17,523 10,033 - 4,721 22,835
------------- ------------------- ------------------- ------------------- ------------------- -------------------
A Porter 24,562 28,714 - 28,714 24,562
------------- ------------------- ------------------- ------------------- ------------------- -------------------
T Rolfe 31,685 24,161 2,531 24,161 29,154
------------- ------------------- ------------------- ------------------- ------------------- -------------------
Dividend Equivalents
The Company was advised on 23 May 2016 that, following the
payment of the second 2015 interim and special dividend of 36.47p
on 20 May 2015, several PDMRs have increased their interests in the
Company by way of a dividend equivalent on their Annual Incentive
Plan or group Deferred Bonus Plan.
The following individuals have received American Depositary
Receipts (ADRs), at a price per ADR of US$ 37.80, in respect of
dividends accruing to deferred share awards held by Sanne Fiduciary
Services Limited on their behalf under the Company's Annual
Incentive Plan:
Name of PDMR Number of ADRs Total Number of ADRs Total interest % of issued % of issued
received beneficial subject to in ADRs share capital share capital
interest performance beneficially held as
following conditions held following conditional
notification transaction share awards
following
transaction
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
M Wells 3,104 217,518 405,589 623,107 - -
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
B Stowe 2,350 132,138 276,766 408,904 0.0130 0.0211
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
The following individuals have received ordinary shares of 5p
each at a price per share of GBP12.97, in respect of dividends
accruing to deferred share awards held by Sanne Fiduciary Services
Limited on their behalf under the Company's Annual Incentive Plan
and Group Deferred Bonus Plans:
Name of PDMR Number of Total Number of Total interest % of issued % of issued
ordinary shares beneficial shares subject in shares share capital share capital
received interest to performance beneficially held as
following conditions held following conditional
notification transaction share awards
following
transaction
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
M Wells 2,902 541,318 811,178 1,352,496 0.0210 0.0525
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
J Foley 3,882 268,324 554,328 822,652 0.0097 0.0164
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
P James 620 25,977 196,436 222,413 0.0016 0.0067
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
M McLintock 5,445 200,702 126,185 326,887 0.0078 0.0031
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
N Nicandrou 2,898 302,991 373,328 676,319 0.0111 0.0145
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
T Wilkey 2,388 156,074 511,766 667,840 0.0047 0.0167
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
J Adams 713 26,244 144,845 171,069 0.0010 0.0056
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
R Hariharan 372 12,369 97,655 110,024 0.0005 0.0046
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
J Oliver 219 23,054 53,579 76,633 0.0009 0.0024
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
A Porter 632 25,194 158,458 183,652 0.0010 0.0052
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
T Rolfe 798 29,952 149,385 203,692 0.0012 0.0067
-------------- ---------------- --------------- --------------- ---------------- --------------- ---------------
Additional Information
Mr Wells' beneficial interest in shares is made up of 220,622
ADRs (representing 441,244 ordinary shares) and 106,282 ordinary
shares. Mr Wells' conditional share awards are over 332,870
ordinary shares and 239,154 ADRs (representing 478,308 ordinary
shares).
Mr Stowe's beneficial interest in shares is made up of 129,788
ADRs (representing 259,576 ordinary shares).
Prudential plc ADRs are issued at a ratio of 1 ADR being equal
to 2 Prudential plc ordinary shares of 5p each.
Prudential plc is not affiliated in any manner with Prudential
Financial, Inc, a company whose principal place of business is in
the United States of America.
Date of Notification 24 May 2016
Contact
Jennie Webb, Share Plans Manager, + 44 (0)20 7548 2027
Stefan Bort, Deputy Group Secretary, + 44 (0) 20 7548 2115
This information is provided by RNS
The company news service from the London Stock Exchange
END
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