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 September,
2019
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
1 Angel Court, London,
England, EC2R 7AG
(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-
NEWS RELEASE
25 September 2019
Proposed demerger of M&G plc from 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 (the "Circular") and the prospectus in relation
to the proposed admission of M&G's ordinary shares (the
"Prospectus") 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.
An analyst and investor call and online presentation for Prudential
will be held at 2pm (UK time) / 9pm (Hong Kong time) on
prudentialplc.com on 26 September 2019. To register, please
log in at https://www.investis-live.com/prudential/5d70dd976dc5c40a00c76416/omer.
Further details are below.
An investor and analyst conference for M&G will be held on 27
September 2019 at 10 Fenchurch Avenue, London, EC3M
5AG.
Enquiries:
Media
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Investors/Analysts
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Jonathan Oliver
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+44 (0)20 3977 9500
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Patrick Bowes
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+44 (0)20 3977 9702
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Tom Willetts
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+44 (0)20 3977 9760
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William Elderkin
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+44 (0)20 3977 9215
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Addy Frederick
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+44 (0)20 3977 9399
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Notes to Editors:
Prudential analyst presentation
An analyst and investor call and online presentation will be held
at 2pm (UK time) / 9pm (Hong Kong time) on 26 September
2019. The presentation will be webcast live and available to
replay afterwards on https://www.investis-live.com/prudential/5d70dd976dc5c40a00c76416/omer. The
presentation will be published on prudentialplc.com at
approximately 1.45pm (UK time) / 8.45pm (Hong Kong time) on 26
September 2019.
Alternatively, a dial-in facility will be available to listen to
the presentation. Please allow time ahead of the presentation to
join the call (lines open half an hour before the presentation is
due to start, ie from 1.30pm (UK time) / 8.30pm (Hong Kong
time)).
Dial-in: 020 3936 2999 (UK Local Call) / +44 20 3936 2999
(International) / 0800 640 6441 (Freephone UK. Participant access
code: 714160. Once participants have entered this code their name
and company details will be taken.
Playback: +44 (0) 20 3936 3001 (UK and international excluding US)
/ + 1 845 709 8569 (US only) (Replay code: 124823). This will be
available from approximately 5.30pm (UK time) on 26 September/
12.30am (Hong Kong time) on 27 September 2019 until 11.59pm (UK
time) on 10 October / 6.59am (Hong Kong time) on 11 October
2019.
About Prudential plc
Prudential plc and its affiliated companies constitute one of the
world's leading financial services groups, serving 26 million
customers, with £717 billion of assets under management (as at
30 June 2019). Prudential plc is incorporated in England and
Wales and is listed on the stock exchanges in London, Hong Kong,
Singapore and New York. 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.
About M&G plc
M&G plc is a leading savings and investments business which was
formed in 2017 through the merger of Prudential plc's UK and Europe
savings and insurance operation and M&G, its wholly-owned
international investment manager. In March 2018, Prudential
plc announced its intention to demerge the company with a premium
listing on the London Stock Exchange. As an independent
company, M&G plc will have a single corporate identity and will
continue with two customer-facing brands; Prudential for savings
and insurance customers in the UK and Europe and for asset
management in South Africa and M&G Investments for asset
management clients globally.
Disclaimer
This announcement does not constitute an offer of securities for
sale or a solicitation of an offer to purchase securities in any
jurisdiction nor shall it (or any part of it) or the fact of its
distribution, form the basis of, or be relied on in connection
with, any contract therefor.
The shares of M&G have not been, and will not be, registered
under the US Securities Act of 1933, as amended (the "US Securities
Act"), and may not be offered or sold in the United States, except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the US Securities
Act.
No offer of shares of M&G will be made as part of the demerger
and the Prospectus will be published solely in connection with the
proposed admission of M&G's ordinary shares to the premium
listing segment of the Official List and to trading on the London
Stock Exchange.
M&G will shortly apply for its ordinary shares to be admitted
to the premium listing segment of the Official List of the FCA and
to trading on the main market of the London Stock
Exchange.
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: 25
September 2019
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PRUDENTIAL
PUBLIC LIMITED COMPANY
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By:
/s/ Mark FitzPatrick
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Mark
FitzPatrick
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Group
Chief Financial Officer and Chief Operating Officer
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