Director/PDMR Shareholding

RNS Number : 3807E

Prudential PLC

09 May 2013

 



9 May 2013

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

This announcement is made in accordance with the requirements of DTR 3.1.4R(1)(a).

Prudential plc was notified on 8 May 2013 that the following transactions in the Company's shares took place on 8 May 2013 in London:

1. Disposal of shares

PDMR	Shares Disposed	Share Price	% of Issued Share Capital disposed	Total holding following notification and total percentage holding following notification
Rob Devey	186,064 ordinary shares of 5p each	£11.64	Less than 0.008%	219,022 ordinary shares of 5p each, Less than 0.009%

Mr Devey  has also  notified the Company that the arrangement entered into on 4 April 2013 whereby security over 154,746 Prudential ordinary shares held by his wife Harriet Varley, a connected person, granted in favour of Bank of Scotland plc as security against a personal loan will be removed following settlement of the above sale.

2. The Prudential Group Share Incentive Plan (the Plan) - monthly purchase of shares

The Prudential Share Incentive Plan is an HMRC approved share incentive plan available to all eligible employees including Executive Directors and persons discharging managerial responsibilities.  Each month the Plan Trustee invests participants' contributions in the ordinary shares of Prudential plc at the prevailing market price, which are held in the Prudential Group Share Incentive Plan Trust in accordance with the Plan Rules.  

The Company has been advised by the Trustee of the Plan that 13 shares were purchased on 8 May 2013 at £11.72 per share and allocated to Mr N A Nicandrou, an Executive Director of the Company.  Following this acquisition, Mr Nicandrou has a beneficial interest in 499,314 ordinary shares in Prudential plc, representing less than 0.02% of the issued share capital.

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.

Name of contact and telephone number for queries:

Jennie Webb, Share Plans Advisor, 020 7548 2027

Name of duly authorised officer of issuer responsible for making notification:

Stefan Bort, Assistant Group Secretary, 020 7548 2115

 

END

 

 

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