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 April, 2013
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-
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: April 5, 2013
| PRUDENTIAL PUBLIC LIMITED COMPANY | ||
| By: | /s/ Stefan Bort | |
| Stefan Bort | ||
| Assistant Group Secretary | ||
PDMR announcement following release of 2010 Group Performance Share Plan and Business Unit Performance Plan and Annual Investment Plan awards
Prudential plc (the Company)
Notification of interests of Directors/PDMRs and connected persons
The Company advises that on 2 April 2013 it released 1,208,664 shares and 140,151 ADRs in respect of the 2010 Group Performance Share Plan and Business Unit Performance Plan (the Plans) awards for the benefit of directors and Persons Discharging Managerial Responsibility (PDMRs) in the Company. In accordance with the rules of the Plans 629,768 shares and 70,076 ADRs were sold on 3/4 April 2013 by the BWCI Trust Company Limited at £10.6151 per share and $32.54370 per ADR to cover withholding tax and sales costs.
The number of ordinary shares of 5p released to the directors and PDMRs under both Plans is as follows:
| Name |
Beneficial Interest in shares before release of award |
Number of shares released |
% of issued shares acquired |
Number of shares sold to meet tax & charges |
% of issued shares sold |
|||||||||||||||
| M Coltman |
51,652 | 102,695 | 0.005 | 53,509 | 0.003 | |||||||||||||||
| R Devey |
275,443 | 231,722 | 0.01 | 120,738 | 0.005 | |||||||||||||||
| M McLintock |
682,733 | 73,728 | 0.003 | 38,416 | 0.002 | |||||||||||||||
| N Nicandrou |
350,907 | 231,727 | 0.01 | 120,740 | 0.005 | |||||||||||||||
| T Thiam |
923,839 | 568,792 | 0.03 | 296,365 | 0.02 | |||||||||||||||
The number of ADRs released to the director under both Plans is as follows:
| Name |
Beneficial interest in ADRs before release of award |
Number of ADRs released |
% of issued shares acquired |
Number of ADRs sold to meet tax |
% of issued shares sold |
|||||||||||||||
| B Stowe |
207,963 | 140,151 | 0.02 | 70,076 | 0.006 | |||||||||||||||
In addition on 2 April 2013, a release of the 2010 awards under the Annual Incentive Plan (AIP) in respect of the 2009 financial year was made. Under the AIP a percentage of an executive’s annual bonus award must be deferred in shares for a period of three years. In accordance with the rules of the Plans 10,589 shares and 10,119 ADRs were sold on 3/4 April 2013 by the BWCI Trust Company Limited at £10.6151 per share and $32.54370 per ADR to cover withholding tax and sales costs.
The number of ordinary shares of 5p released to the directors and PDMRs under the AIP is as follows:
| Name |
Beneficial Interest in shares before release of award |
Number of shares released |
% of issued shares acquired |
Number of shares sold to meet tax & charges |
% of issued shares sold |
|||||||||||||||
| R Devey |
275,443 | 29,755 | 0.002 | 1,575 | 0.00007 | |||||||||||||||
| M McLintock |
682,733 | 77,493 | 0.004 | 4,103 | 0.0002 | |||||||||||||||
| N Nicandrou |
350,907 | 27,276 | 0.002 | 1,444 | 0.00006 | |||||||||||||||
| T Thiam |
923,839 | 65,482 | 0.003 | 3,467 | 0.0002 | |||||||||||||||
The number of ADRs released to the director under the AIP is as follows:
| Name |
Beneficial interest in ADRs before release of award |
Number of ADRs released |
% of issued shares acquired |
Number of ADRs sold to meet tax |
% of issued shares sold |
|||||||||||||||
| B Stowe |
207,963 | 20,237 | 0.002 | 10,119 | 0.0008 | |||||||||||||||
On 4 April 2013 the company made the following awards to directors and PDMRs under its AIP arrangement. Under the AIP a percentage of an executive’s annual bonus award must be deferred in shares for a period of three years. As a result of bonus awards approved by the Remuneration Committee for the 2012 financial year the following awards have been made at a market price of £11.2417:
| Name |
Beneficial interest in shares before award |
Number of shares awarded |
% of issued shares awarded |
|||||||||
| M Coltman |
100,838 | 22,089 | 0.0009 | |||||||||
| R Devey |
384,852 | 25,234 | 0.001 | |||||||||
| J Foley |
323,235 | 34,727 | 0.002 | |||||||||
| P Goerke |
37,250 | 27,898 | 0.002 | |||||||||
| M McLintock |
713,942 | 35,905 | 0.002 | |||||||||
| J Murray |
0 | 22,882 | 0.0009 | |||||||||
| N Nicandrou |
460,450 | 38,836 | 0.002 | |||||||||
| T Thiam |
1,192,799 | 88,954 | 0.004 | |||||||||
A further award in ADRs has been made at a market price of $34.34:
| Name |
Beneficial interest in ADRs held following transaction |
Number of ADRS awarded |
% of issued shares awarded |
|||||||||
| B Stowe |
267,919 | 18,863 | 0.002 | |||||||||
| M Wells |
359,207 | 40,182 | 0.004 | |||||||||
AIP deferred share awards will be released to participants in April 2016, the shares and ADRs will be registered in the name of BWCI Trust Company Ltd and carry an entitlement to dividends which will be used to purchase additional shares on behalf of the recipient which will be held in trust until the release date.
Directors and PDMRs interests in the share capital of Prudential plc
Following the transactions detailed above the Directors and PDMRs have the following interests in ordinary shares of 5p of Company:
| Name |
Beneficial interest in shares held following transactions |
% of issued shares held following transaction |
Number of shares subject to performance conditions |
|||||||||
| M Coltman |
122,927 | 0.005 | 151,274 | |||||||||
| R Devey |
410,086 | 0.02 | 329,030 | |||||||||
| J Foley |
357,962 | 0.02 | 351,917 | |||||||||
| P Goerke |
65,148 | 0.003 | 237,038 | |||||||||
| M McLintock |
749,847 | 0.03 | 95,596 | |||||||||
| J Murray |
22,882 | 0.0009 | 178,607 | |||||||||
| N Nicandrou |
499,286 | 0.02 | 337,858 | |||||||||
| B Stowe |
668,869 | 0.03 | 367,824 | |||||||||
| T Thiam |
1,281,753 | 0.06 | 897,382 | |||||||||
| M Wells |
798,778 | 0.04 | 887,808 | |||||||||
Part of Barry Stowe’s beneficial interest in shares is made up of 286,782 ADRs (representing 573,564 ordinary shares and 95,305 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 5 April 2013
Contact
Jennie Webb, Share plans Advisor, 020 7548 2027
Stefan Bort, Assistant Group Secretary, 020 7548 2115