Director/PDMR Shareholding

RNS Number : 4824A

Prudential PLC

20 March 2013

 



20 March 2013

PDMR Announcement for Mike Wells on release of JNL PSP award and 2009 After Tax Deferral Program Award

PRUDENTIAL PLC (the Company)

NOTIFICATION OF INTERESTS OF DIRECTORS/PDMRS AND CONNECTED PERSONS

The Company advises that on 15 March 2013, 109,050 ADRs in Prudential plc were automatically released by the BWCI Trust Company Limited to Mr M Wells, Executive Director, under the JNL Performance Share Plan (the Plan). In accordance with the Plan Rules, 45,747 ADRs were sold by the BWCI Trust Company Limited at US$33.5925 per ADR to cover withholding tax and sales costs.

Under the Company's 2009 After Tax Deferral Program for US based executives, 16,125 ADRs were held in trust at Wilmington Trust Company in accordance with the Deferred Bonus Master Trust Agreement. On 15 March 2013, they were automatically released by Wilmington Trust Company to Mr Wells.

Following these transactions, Mr Wells had a holding of 803,111 ADRs, representing 1,606,222 ordinary shares in Prudential plc, representing less than 0.07% of the issued share capital.

Additional Information

Prudential plc American Depository Receipts (ADRs) are issued 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.

Contact

Jennie Webb, Share Plans Advisor, 020 7548 2027

Stefan Bort, Assistant Group Secretary, 020 7548 2115

Date of notification

20 March 2013

 

END

 

 

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