ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

PRU Prudential Plc

769.80
10.40 (1.37%)
Last Updated: 14:22:26
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prudential Plc LSE:PRU London Ordinary Share GB0007099541 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.40 1.37% 769.80 770.00 770.40 771.20 754.60 757.20 10,917,738 14:22:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 12.19B 1.7B 0.6178 12.44 21.16B

Prudential PLC Director/PDMR Shareholding (1917Z)

24/05/2016 6:18pm

UK Regulatory


Prudential (LSE:PRU)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Prudential Charts.

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

DSHAIMRTMBBTBFF

(END) Dow Jones Newswires

May 24, 2016 13:18 ET (17:18 GMT)

1 Year Prudential Chart

1 Year Prudential Chart

1 Month Prudential Chart

1 Month Prudential Chart

Your Recent History

Delayed Upgrade Clock