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Prudential PLC (PRU)

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Friday 30 March, 2012

Prudential PLC

Director/PDMR Shareholding

RNS Number : 4950A
Prudential PLC
30 March 2012
 



 

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

 

 

1.   Name of the issuer

     Prudential plc

 

2.   State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006)

      (i)

 

3.   Name of person discharging managerial responsibilities/director

M Coltman, R Devey,J Foley,P Goerke,M McLintock, N Nicandrou, B Stowe,

T Thiam, M Wells

4.   State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

Relates to persons named in 3 above

 

5.   Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Relates to persons named in 3 above

 

6.   Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary Shares of 5p each

American Depository Receipts (ADRs) - representing a ratio 1 ADR equals 2 Prudential plc

Ordinary Shares of 5p each

 

7.   Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

           BWCI Trust Company Limited

 

8.   State the nature of the transaction

           Transaction 1

           Grant of Deferred awards of shares for 2011 under the Annual Incentive Plan for M Coltman,

           R Devey, J Foley, P Goerke, M McLintock, N Nicandrou, T Thiam

           Grant of Deferred awards of ADRs for 2011 under the Annual Incentive Plan for B Stowe and

           M Wells

 

           Transaction 2

           Release of on appointment awards

           R Devey and N Nicandrou - ordinary shares being released as per the terms of the award

           letters dated 27 November 2009

           Disposal of shares to fund tax liability

          

Transaction 3

           Release of conditional award and dividend equivalents given under the Prudential Group

Performance Share Plan for M McLintock, N Nicandrou and T Thiam

           Acquisition of shares

           Disposal of shares to fund tax liability

 

           Transaction 4

           Release of conditional awards under the Prudential Group Performance Share Plan and

           the Prudential Business Unit Performance Plan for R Devey

           Acquisition of shares

Disposal of shares to fund tax liability

          

9.   Number of shares, debentures or financial instruments relating to shares acquired

           M Coltman 

           Transaction 1 - 23,353 Ordinary Shares

           R Devey 

           Transaction 1 - 41,136 Ordinary Shares

           Transaction 2 - 50,575 Ordinary Shares

           Transaction 4 - 272,517 Ordinary Shares

           J Foley

           Transaction 1 - 44,481 Ordinary Shares

           P Goerke

           Transaction 1 - 35,975 Ordinary Shares

           M McLintock

           Transaction 1 - 36,008 Ordinary Shares

           Transaction 3 - 103,713 Ordinary Shares

           N Nicandrou

           Transaction 1 -  43,518 Ordinary Shares

           Transaction 2 - 68,191 Ordinary Shares

           Transaction 3 - 356,525 Ordinary Shares

           B Stowe

           Transaction 1 - 25,324 ADRs (each ADR representing 2 Prudential plc Ordinary Shares of

5p each)

           T Thiam 

           Transaction 1 - 101,134 Ordinary Shares

           Transaction 3 - 337,078 Ordinary Shares

           M Wells

           Transaction 1- 46,517 ADRs (each ADR representing 2 Prudential plc Ordinary Shares of

5p each)

 

10.  Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

           M Coltman - less than 0.001%

           R Devey - less than 0.02%

           J Foley - less than 0.002%

           P Goerke - less than 0.002%

           M McLintock - less than 0.006%

           N Nicandrou - less than 0.02%

           B Stowe - less than 0.002%

           T Thiam - less than 0.02%

           M Wells - less than 0.004%

11.  Number of shares, debentures or financial instruments relating to shares disposed

           R Devey

Transaction 2 - 26,352 Ordinary Shares

Transaction 4 - 141,994 Ordinary Shares

M McLintock

Transaction 3 - 54,039 Ordinary Shares

N Nicandrou

Transaction 2 - 35,531 Ordinary Shares

Transaction 3 - 185,765 Ordinary Shares

T Thiam

Transaction 3 - 175,632 Ordinary Shares

 

12.  Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

           R Devey - less than 0.007%

           M McLintock - less than 0.003%

           N Nicandrou - less than 0.009%

           T Thiam - less than 0.007%

 

13.  Price per share or value of transaction

           Acquisition

           Transaction 1 (M Coltman, R Devey, J Foley, P Goerke, M McLintock,

N Nicandrou, T Thiam) - Ordinary Shares - £7.76

           Transaction 1 (B Stowe, M Wells) - US$ 24.52

           Disposal

           Transactions 2,3 and 4 (R Devey, M McLintock, N Nicandrou T Thiam) -

Ordinary Shares £7.4931

14.  Date and place of transaction

     29 March 2012, London

     29 March 2012, New York

 

15.  Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

           M Coltman - 207,662 Ordinary Shares, less than 0.009%

           R Devey - 631,975 Ordinary Shares, less than 0.03%

           J Foley - 561,343 Ordinary Shares, less than 0.03%

           P Georke - 143,545 Ordinary Shares, less than 0.006%

           M McLintock - 790,794 Ordinary Shares, less than 0.04%

           N Nicandrou - 707,134 Ordinary Shares, less than 0.03%

           T Thiam - 1,795,419 Ordinary Shares, less than 0.08%

           B Stowe - 1,141,785 Ordinary Shares (made up of 516,990 ADRs representing 1,033,980 Ordinary Shares plus

107,805 Ordinary Shares), less than 0.05%

           M Wells - 1,219,976 Ordinary Shares (made up of 609,988 ADRs representing 1,219,976

           Ordinary Shares), less than 0.05%

 

16.  Date issuer informed of transaction

           29 March 2012

 

           If a person discharging managerial responsibilities has been granted options by the issuer

           complete the following boxes

 

17.  Date of grant

     N/A

18.  Period during which or date on which it can be exercised

N/A

19.  Total amount paid (if any) for grant of the option

     N/A

20.  Description of shares or debentures involved (class and number)

     N/A

21.  Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

     N/A

22.  Total number of shares or debentures over which options held following notification

     N/A

23.  Any additional information

     N/A

24.  Name of contact and telephone number for queries

           Jennie Webb, Share Plans Adviser, 020 7548 2027

     Name of duly authorised officer of issuer responsible for making notification

           Clive Burns, Head of Group Secretariat, 020 7548 3805

     Date of notification

     30 March 2012

 

           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

 

Notes: This form is intended for use by an issuer to make an RIS notification required by DR 3.3.

 

 

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

  

END


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