15th Apr 2016 10:29
LONDON (Alliance News) - Prudential PLC Friday said Barry Stowe, head of its North American business, sold 6,632 American Depositary Receipts at USD39.75 each on Thursday.
Following the sale, Stowe now holds 166,949 ADRs, equal to 333,898 shares.
One ADR is equal to two Prudential ordinary shares.
Stowe became chairman and chief executive of Prudential North American unit, succeeding Mike Wells who was promoted to group CEO last June when Tidjane Thiam left to head up Swiss bank Credit Suisse.
The London-listed life insurer and asset manager has a strong presence in Asia, UK and US.
The stock was down 1.2% at 1,396.50p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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