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 March, 2011
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: March 31, 2011
| PRUDENTIAL PUBLIC LIMITED COMPANY | ||
| By: | /s/ Clive Burns | |
| Clive Burns | ||
| Head of Group Secretariat | ||
NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
| 1. | Name of the issuer |
Prudential plc
| 2. | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) |
(i)
| 3. | Name of person discharging managerial responsibilities/director |
M Coltman
R Devey
M McLintock
N Nicandrou
B Stowe
T Thiam
M Wells
| 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person |
Relates to persons named in 3 above.
| 5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest |
Relates to persons named in 3 above.
| 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares |
Ordinary shares of 5p each and ADRs.
| 7. | Name of registered shareholder(s) and, if more than one, the number of shares held by each of them |
M Coltman, R Devey, M McLintock, N Nicandrou, B Stowe, T Thiam and M Wells.
| 8. | State the nature of the transaction |
Transaction 1
Grant of Deferred Award of shares for 2010 under the Annual Incentive Plan for M Coltman, R Devey, M McLintock, N Nicandrou and T Thiam.
Grant of Deferred Award of ADRs for 2010 under the Annual Incentive Plan for B Stowe.
Grant of Deferred award of ADRs for 2010 under the Group Deferred Share Plan (JNL) for M Wells.
Transaction 2
Release of on appointment awards:
N Nicandrou – ordinary shares being released as per the terms of the original award letter dated 27 November 2009.
T Thiam – ordinary shares being released as per the terms of the original award letter dated 26 March 2008.
Transaction 3
Release of conditional award and dividend equivalents given under the Prudential Group Performance Share Plan for M McLintock and T Thiam.
Acquisition of shares
Disposal of shares to fund tax liability
Transaction 4
Release of conditional awards under the Prudential Group Performance Share Plan and the Prudential Business Unit Performance Plan for B Stowe.
Acquisition of shares
Disposal of shares to fund tax liability
| 9. | Number of shares, debentures or financial instruments relating to shares acquired |
M Coltman
Transaction 1 – 23,576 ordinary shares
R Devey
Transaction 1 – 44,987 ordinary shares
M McLintock
Transaction 1 – 75,136 ordinary shares
Transaction 3 – 54,026 ordinary shares
N Nicandrou
Transaction 1 – 46,394 ordinary shares
Transaction 2 – 29,957 ordinary shares
B Stowe
Transaction 1 – 27,122 ADRs (each ADR representing 2 Prudential plc Ordinary shares of 5p each)
Transaction 4 – 138,822 ordinary shares
T Thiam
Transaction 1 – 213,550 ordinary shares
Transaction 2 – 49,131 ordinary shares
Transaction 3 – 351,182 ordinary shares
M Wells
Transaction 1 – 43,754 ADRs (each ADR representing 2 Prudential plc Ordinary shares of 5p each)
| 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) |
M Coltman – less than 0.001%
R Devey – less than 0.002%
M McLintock – less than 0.006%
N Nicandrou – less than 0.003%
B Stowe – less than 0.008%
T Thiam – less than 0.03%
M Wells – less than 0.004%
| 11. | Number of shares, debentures or financial instruments relating to shares disposed |
M McLintock
Transaction 3 – 27,609 ordinary shares
N Nicandrou
Transaction 2 – 15,310 ordinary shares
B Stowe
Transaction 4 – 69,551 ordinary shares
T Thiam
Transaction 2 – 25,108 ordinary shares
Transaction 3 – 179,462 ordinary shares
| 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) |
M McLintock – less than 0.002%
N Nicandrou – less than 0.0007%
B Stowe – less than 0.003%
T Thiam – less than 0.009%
| 13. | Price per share or value of transaction |
Acquisition
Transaction 1 (M Coltman, R Devey, M McLintock, N Nicandrou, T Thiam) – ordinary shares £7.35
Transaction 1 (B Stowe, M Wells) – ADRs USD 23.69
Disposal
Transactions 2, 3 and 4 (M McLintock, N Nicandrou, B Stowe, T Thiam) ordinary shares £7.2229
| 14. | Date and place of transaction |
30 March 2011, London
30 March 2011, NYSE
| 15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) |
M Coltman – 115,837 ordinary shares, less than 0.005%
R Devey – 573,221 ordinary shares, less than 0.03%
M McLintock – 862,999 ordinary shares, less than 0.04%
N Nicandrou – 689,212 ordinary shares, less than 0.03%
T Thiam – 1,443,247 ordinary shares, less than 0.06%
B Stowe – 1,016,581 ordinary shares (made up of 401,641 ADRs representing 803,282 ordinary shares and 213,299 ordinary shares), less than 0.04%
M Wells – 702,872 ordinary shares (made up of 351,436 ADRs representing 702,872 ordinary shares), less than 0.03%
| 16. | Date issuer informed of transaction |
30 March 2011
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
| 17. | Date of grant |
N/A
| 18. | Period during which or date on which it can be exercised |
N/A
| 19. | Total amount paid (if any) for grant of the option |
N/A
| 20. | Description of shares or debentures involved (class and number) |
N/A
| 21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise |
N/A
| 22. | Total number of shares or debentures over which options held following notification |
N/A
| 23. | Any additional information |
N/A
| 24. | Name of contact and telephone number for queries |
Jennie Webb, Share Plans Advisor, 020 7548 2027
Name of duly authorised officer of issuer responsible for making notification
Clive Burns, Head of Group Secretariat, 020 7548 3805
Date of notification
31 March 2011
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
Notes: This form is intended for use by an issuer to make an RIS notification required by DR 3.3.
| (1) | An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
| (2) | An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24. |
| (3) | An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
| (4) | An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
END