Director/PDMR Shareholding

RNS Number : 9991O

Prudential PLC

02 June 2015

 



Prudential plc (the "Company")

Notification of interests of Persons Discharging Managerial Responsibility (PDMRs) and connected persons

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

The Company made the following award to PDMRs under the Prudential Long Term Incentive Plan (PLTIP) on 1 June 2015.

Under the PLTIP the Remuneration Committee can make conditional share awards over ordinary shares of 5p and American Depository Receipts (ADRs) to executives. The awards made will only be released on 1 June 2018 subject to the achievement of performance criteria.  As set out in detail in the 2014 Directors' Remuneration Report, awards will only be released in full if stretching performance targets in respect of  Total Shareholder Return and IFRS Operating Profit are met.

Details of the PLTIP awards made are shown in tables 1 and 2 below.

Table 1

The following awards of ADRs have been made at a market price of US$50.29:

Name	Total number of conditional ADRs held  before award	Number of conditional ADRs  awarded	Total number of conditional ADRs held  following award	Total beneficial interest	Total interest in ADRs  ( % of issued share capital
M Wells	360,823	15,066	375,889	231,222	607,111 (0.024%)
B Stowe	180,015	25,334	205,349	122,882	328,231 (0.013%)

Prudential plc ADRs are issued at a ratio of 1 ADR being equal to 2 Prudential plc ordinary shares of 5p each.

Table 2

The following awards of ordinary shares of 5p in the Company have been made at a market price of £16.33:

Name	Total number of conditional shares held  before award	Number of conditional shares  awarded	Total number of conditional shares held  following award	Total beneficial interest	Total interest in shares  ( % of issued share capital)
T Wilkey	364,942	29,008	393,950	152,471	546,421 (0.021%)
J Oliver	26,373	8,251	34,624	14,091	48,715 (0.002%)

Additional Information

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 2 June 2015

Contact

Jennie Webb, Share Plans Manager, [phone]

Stefan Bort, Deputy  Group Secretary, [phone]  

 

END

 

 

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