Prudential plc (the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
An announcement released by the Company on 30 September 2014 showed the total beneficial holding of American Depositary Receipts (ADRs) in the Company held by Mr Barry Stowe, Executive Director, was 138,920 ADRs (0.01% of the issued share capital) and held by Mr Mike Wells, Executive Director, was 221,768 ADRs (0.02% of the issued share capital).
This announcement should have showed that Mr Stowe had a total beneficial holding of 142,144 ADRs (0.01% of the issued share capital) and Mr Wells had a total beneficial holding of 222,790 ADRs (0.02% of the issued share capital).
The discrepancy arose because dividends were, in error, reinvested in the Company's ADRs, resulting in purchases that increased their holdings as follows:
Mr Stowe
Date of Purchase
|
Number of ADRs
|
Net cost per ADR (US$)
|
01/06/2007
|
77
|
30.18
|
03/10/2007
|
19
|
31.17
|
03/10/2007
|
52
|
32.13
|
30/05/2008
|
47
|
26.47
|
02/10/2008
|
30
|
19.13
|
02/10/2008
|
80
|
19.72
|
03/06/2009
|
297
|
15.33
|
05/10/2009
|
133
|
18.18
|
08/06/2010
|
754
|
15.83
|
04/10/2010
|
317
|
20.57
|
07/06/2011
|
769
|
23.34
|
03/10/2011
|
463
|
17.18
|
07/06/2012
|
75
|
21.12
|
09/10/2012
|
30
|
27.00
|
05/06/2013
|
56
|
33.97
|
08/10/2013
|
25
|
37.90
|
Total
|
3,224
|
|
Note: The number of ADRs on each purchase date has been rounded to the nearest whole ADR.
Mr Wells
Date of Purchase
|
Number of ADRs
|
Net cost per ADR (US$)
|
08/06/2011
|
650
|
23.40
|
04/10/2011
|
372
|
18.14
|
Total
|
1,022
|
|
Note: The number of ADRs on each purchase date has been rounded to the nearest whole ADR.
Additional information
Prudential plc ADRs are issued at a ratio of 1 ADR being equal to 2 Prudential plc ordinary shares of 5p each.
All dealings took place in New York, USA.
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 Manager, +44 (0)20 7548 2027
Stefan Bort, Deputy Group Secretary, +44 (0)20 7548 2115
Date of notification
3 March 2015