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 August, 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
14 August 2019
New corporate name for M&GPrudential at demerger
Prudential plc today announces that M&GPrudential intends to
list its shares under the name M&G plc when it demerges from
Prudential plc later this year.
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
●
M&G Investments for asset
management clients globally
John Foley, Chief Executive of M&GPrudential, said: "We are in
the fortunate position of having two strong brands, each with a
rich heritage. But as an international business operating in 28
markets, we need a single corporate name we can use globally.
So to distinguish ourselves in the global market, we have decided
to list our shares on the London Stock Exchange as M&G plc,
which we expect to take place in the fourth quarter of this
year.
"Prudential will remain our operating brand for the 5 million
customers who have insurance and savings products with us in the
UK, Europe and South Africa. We will continue to invest in its
development as we seek to improve our digital
offering.
"M&G Investments is already a global brand and we will continue
to use this name to market our asset management capabilities to
wholesale and institutional clients across Europe and in Asia,
Australia and North America."
Details of the new M&G plc corporate identity will be announced
closer to the time of the listing. In the meantime, the business
will continue to use M&GPrudential as its corporate
name.
Enquiries:
Media
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Investors/Analysts
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M&GPrudential
Richard Miles
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+44 (0)20 3977 1426
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M&GPrudential
Spencer Horgan
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+44 (0)20 3977 7888
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Jonathan Miller
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+44 (0)20 3977 0165
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Prudential plc
Jonathan Oliver
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+44 (0)20 3977 9500
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Prudential plc
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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Notes to Editors:
About M&GPrudential
M&GPrudential 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 M&GPrudential
and give it a premium listing on the London Stock Exchange. Today,
Prudential plc has announced that it expects the demerger
will take place in the fourth quarter of this year.
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.
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: 14
August 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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Chief
Financial Officer
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