pru201605246k.htm
 
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington, D.C. 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER
 
 
Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934
 
 
For the month of May, 2016

 
 
PRUDENTIAL PUBLIC LIMITED COMPANY
 
 
(Translation of registrant's name into English)
 
 
LAURENCE POUNTNEY HILL,

LONDON, EC4R 0HH, ENGLAND
(Address of principal executive offices)





 
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.



Form 20-F X           Form 40-F





Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 
Yes              No X


 
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-
 
 

 


 
Prudential plc (the Company)  
 
Notification of interests of Persons Discharging Managerial Responsibility (PDMRs) and connected persons
 
Prudential plc (the Company) announces that it has released to PDMRs shares under the Prudential Long Term Incentive Plan.  This is the first release  under this plan which was approved by shareholders at the Annual General Meeting held in May 2013.
 
Disposals have also been made to cover the cost of taxes and sales fees, together with other requested sales.
 
In addition dividend equivalents have accrued to PDMRs who  participate in either the Annual Incentive Plan or the Group Deferred Bonus Plans, following the payment of the second 2015 interim and special dividend on 20 May 2016. 
 
This announcement is made in accordance with the requirements of DTR 3.1.4R(1)(a).
 
Notifications of disposal of interests under the Prudential Long Term Incentive Plan (PLTIP)
 
The Company advises that on 23 May  2016 it released awards made under the PLTIP over ordinary shares of 5p  and American Depositary Receipts  (ADRs)  for the benefit of PDMRs in the Company.  Details are shown in table 1 and 2 below.
 
Table 1
 
The Company was notified on 24 May 2016  that sales were made in New York on behalf of PDMRs, as follows:
 
Name
Beneficial interest before release
Number of ADRs released
Number of ADRs sold at $38.36 on 23 May 2016
Number of ADRs sold at $38.328 on 23 May 2016
Number of ADRs sold at $38.30 on 23 May 2016
Number of ADRs sold at $40.10379 on 24 May 2016
Number of ADRs sold at $40.075 following transfer to charitable trust on 24 May 2016
 
Total beneficial interest  following transaction
 
M Wells (ADRs)
 
 
214,414
 
151,475
 
-
 
-
 
-
 
126,596
 
24,879
 
214,414
 
B Stowe (ADRs)
 
 
166,949
 
70,889
 
70,889
 
10,161
 
27,000
 
-
 
-
 
129,788
 
 
Included in the disposal figure are  24,879  ADRs  which Mr Michael Wells transferred to a charitable trust, of which he is a trustee. Subsequently  the charitable trust sold the ADRs at a price of $40.075 per ADR, also on 24 May 2016.
 


Table 2
 
The Company was notified on 24 May 2016  that sales were made in London on 23 May 2016 at £13.2019  and £13.24736 per share on behalf of PDMRs, as follows:
 
Name
Beneficial interest in shares before release of award
 
Number of shares released
Number of shares sold
at £13.2019
Number of shares sold at £13.24736
Total beneficial interest  following transaction
J Foley
264,442
145,981
19,802
145,981
244,640
P James
25,977
27,878
-
13,116
40,739
M McLintock
195,257
51,688
1,241
51,688
194,016
N Nicandrou
283,297
135,690
-
118,894
300,093
T Wilkey
153,386
82,953
35,296
82,953
118,090
R Hariharan
15,525
23,696
3,528
23,696
11,997
J Oliver
17,523
10,033
-
4,721
22,835
A Porter
24,562
28,714
-
28,714
24,562
T Rolfe
31,685
24,161
2,531
24,161
29,154
 
 
Dividend Equivalents
 
 
The Company  was  advised on 23  May 2016 that, following the payment of the second  2015 interim and special dividend of  36.47p on 20  May 2015, several PDMRs  have increased their interests in the Company by way of a dividend equivalent on their Annual Incentive Plan or group Deferred Bonus Plan.
 
The following individuals have received American Depositary Receipts (ADRs), at a price per ADR of US$ 37.80, in respect of dividends accruing to deferred share awards held by Sanne Fiduciary Services Limited on their behalf under the Company's Annual Incentive Plan:
 
Name of PDMR
Number of ADRs received
Total beneficial interest following notification
Number of ADRs subject to performance conditions
Total interest in ADRs
% of issued share capital beneficially held following transaction
% of issued share capital  held as conditional share awards  following transaction
 
M Wells
3,104
217,518
405,589
623,107
-
-
B Stowe
2,350
132,138
276,766
408,904
0.0130
0.0211
 
 
 
The following individuals have received ordinary shares of 5p each at a price per share of £12.97, in respect of dividends accruing to deferred share awards held by Sanne Fiduciary Services Limited on their behalf under the Company's Annual Incentive Plan and Group Deferred Bonus Plans:
 
Name of PDMR
Number of ordinary shares received
Total beneficial interest following notification
Number of shares  subject to performance conditions
Total interest in shares
% of issued share capital beneficially held following transaction
% of issued share capital  held as conditional share awards  following transaction
 
M Wells
2,902
541,318
811,178
1,352,496
0.0210
0.0525
J Foley
3,882
268,324
554,328
822,652
0.0097
0.0164
P James
620
25,977
196,436
222,413
0.0016
0.0067
M McLintock
5,445
200,702
126,185
326,887
0.0078
0.0031
N Nicandrou
2,898
302,991
373,328
676,319
0.0111
0.0145
T Wilkey
2,388
156,074
511,766
667,840
0.0047
0.0167
J Adams
713
26,244
144,845
171,069
0.0010
0.0056
R Hariharan
372
12,369
97,655
110,024
0.0005
0.0046
J Oliver
219
23,054
53,579
76,633
0.0009
0.0024
A Porter
632
25,194
158,458
183,652
0.0010
0.0052
T Rolfe
798
29,952
149,385
203,692
0.0012
0.0067
 
 
 
Additional Information
 
Mr  Wells' beneficial interest in shares is made up of   220,622   ADRs (representing  441,244  ordinary shares) and 106,282  ordinary shares.  Mr Wells' conditional share awards are over 332,870  ordinary shares and  239,154  ADRs (representing 478,308  ordinary shares).
 
Mr Stowe's beneficial interest in shares is made up of  129,788  ADRs (representing  259,576 ordinary shares).  
 
Prudential plc ADRs are issued at 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.
 
Date of Notification  24 May 2016
 
Contact
 
Jennie Webb, Share Plans Manager, + 44 (0)20 7548 2027
 
Stefan Bort, Deputy  Group Secretary, + 44 (0) 20 7548 2115  
 

 

SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 
 
Date 24 May 2016
 
 
PRUDENTIAL PUBLIC LIMITED COMPANY
   
 
By: /s/ Stefan Bort  
   
 
Stefan Bort
 
Deputy Group Secretary