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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 |
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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(END) Dow Jones Newswires
May 24, 2016 13:18 ET (17:18 GMT)
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