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Proposed Demerger of M&G plc form Prudential plc

Prudential plc (“Prudential”) announced its intention on 14 March 2018 to demerge M&GPrudential, resulting in two separately-listed companies.

On completion of the proposed demerger, shareholders will hold interests in both Prudential and M&GPrudential, which will trade on the main market of the London Stock Exchange as M&G plc (“M&G”).

Prudential today announces that the circular in relation to the proposed demerger and the prospectus in relation to the proposed admission of M&G’s ordinary shares have each been submitted to the Financial Conduct Authority (the “FCA”) by Prudential and M&G respectively. A further announcement will be made once the Circular and the Prospectus have been approved for publication by the FCA, which is expected later today. Information on the proposed timetable for the demerger and about both businesses will be included in that announcement and those documents. 

More details in
Specuvestor: Asset - Business - Structure.

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