22nd May 2013 12:21
Prudential plc
Notification of interests of PDMRs and connected persons
On 22 May 2013 Prudential plc (the Company) made the following awards to Persons Discharging Managerial Responsibility (PDMRs) under the Prudential Long Term Incentive Plan (LTIP), which was approved by Shareholders at the Company's Annual General Meeting on 16 May 2013.
Under the LTIP the Remuneration Committee can make conditional share awards over both ordinary shares of 5p and American Depositary Receipts (ADRs) to executives. The awards will vest in May 2016 subject to achievement of performance criteria related to IFRS operating profit and Total Shareholder Return, as reported in the Directors' Remuneration Report for 2012.
The following awards have been made at a market price of £11.9133 :
Name | Number of conditional shares awarded | % of issued share capital awarded | Total number of conditional shares held following award | % of issued share capital held as conditional share awards following transaction | Beneficial interest in shares held | % of issued share capital held beneficially |
M Coltman | 55,333 | 0.0022 | 206,607 | 0.0081 | 117,927 | 0.0046 |
R Devey | 116,718 | 0.0046 | 445,748 | 0.0174 | 219,022 | 0.0085 |
J Foley | 131,848 | 0.0052 | 483,765 | 0.0189 | 357,962 | 0.0160 |
P Goerke | 85,593 | 0.0033 | 322,631 | 0.0126 | 65,148 | 0.0025 |
M McLintock | 46,687 | 0.0018 | 142,283 | 0.0055 | 749,847 | 0.0293 |
J Murray | 72,624 | 0.0028 | 251,231 | 0.0098 | 22,882 | 0.0009 |
N Nicandrou | 122,554 | 0.0048 | 460,412 | 0.0180 | 499,314 | 0.0195 |
T Thiam | 345,831 | 0.0135 | 1,243,213 | 0.0485 | 1,281,753 | 0.0500 |
A further award in ADRs has been made at a market price of US$36.3833:
Name | Number of conditional ADRs awarded | % of issued share capital awarded | Total number of conditional ADRs held following award | % of issued share capital held as conditional share awards following transaction | Beneficial interest in shares held | % of issued share capital held beneficially |
B Stowe | 65,633 | 0.0051 | 249,545 | 0.0195 | 652,331 | 0.0255 |
M Wells | 136,735 | 0.0106 | 580,639 | 0.0453 | 798,778 | 0.0312 |
Part of Barry Stowe's beneficial interest in shares is made up of 286,782 ADRs (representing 573,564 ordinary shares) and 78,767 ordinary shares.
Mike Wells' beneficial interest in shares is made up of 399,389 ADRs (representing 798,778 ordinary shares).
Prudential plc ADRs are issued at a ratio of 1 ADR being equal to 2 Prudential plc ordinary shares of 5p each.
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 22 May 2013
Contact
Jennie Webb, Share Plans Advisor, 020 7548 2027
Stefan Bort, Assistant Group Secretary, 020 7548 2115
Related Shares:
Prudential