Blueprint
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 October, 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
21 October 2019
Completion of the demerger of M&G plc
Prudential plc ("Prudential") has today completed the demerger of
M&G plc ("M&G"). The M&G shares have been admitted to
trading on the London Stock Exchange's main market for listed
securities.
Prudential announced its intention on 14 March 2018 to demerge
M&G, resulting in two separately listed companies. Shareholders
have retained their shares in Prudential and have also received
shares in M&G.
Paul Manduca, Chairman of Prudential, said: "This has been a
complex transaction and I would like to thank everyone for their
hard work. The Board believes the demerger will help Prudential and
M&G to become more closely aligned to the interests of their
customers and shareholders. Both businesses will retain their UK
domicile and be able to allocate capital even more effectively as
separate entities. We wish M&G every success in its new life as
an independent business."
Mike Wells, Group Chief Executive of Prudential, said: "Prudential
is now an Asia-led portfolio of businesses, focused on structural
growth markets. Our businesses in Asia and the US have leadership
positions in their chosen segments, and we now operate in eight
markets in Africa. I am confident that the best is yet to come for
Prudential's customers and shareholders."
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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About Prudential plc
Prudential plc is an Asia-led portfolio of businesses focused on
structural growth markets. The business helps individuals to
de-risk their lives and deal with their biggest financial concerns
through life and health insurance, and retirement and asset
management solutions. Prudential plc has 20 million customers and
is listed on 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.
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.
This announcement may contain 'forward-looking statements' with
respect to certain of Prudential's plans and its goals and
expectations relating to its future financial condition,
performance, results, operating environment, strategy and
objectives. Statements that are not historical facts, including
statements about Prudential's beliefs and expectations and
including, without limitation, statements containing the words
'may', 'will', 'should', 'continue', 'aims', 'estimates',
'projects', 'believes', 'intends', 'expects', 'plans', 'seeks' and
'anticipates', and words of similar meaning, are forward-looking
statements. These statements are based on plans, estimates
and projections as at the time they are made, and therefore
undue reliance should not be placed on them. By their nature, all
forward-looking statements involve risk and uncertainty. A number
of important factors could cause Prudential's actual future
financial condition or performance or other indicated results to
differ materially from those indicated in any forward-looking
statement. Such factors include, but are not limited to, the future
trading value of the shares of Prudential plc following the
demerger of M&G plc; future market conditions, including
fluctuations in interest rates and exchange rates, the continuance
of a sustained low-interest rate environment, and the performance
of financial markets generally; the policies and actions of
regulatory authorities, including, for example, new government
initiatives; the actual or anticipated political, legal and
economic ramifications of the UK's withdrawal from the European
Union; the impact of continuing application of Global Systemically
Important Insurer or 'G-SII' policy measures on Prudential; the
impact of competition, economic uncertainty, inflation and
deflation; the effect on Prudential's business and results from, in
particular, mortality and morbidity trends, lapse rates and policy
renewal rates, the timing, impact and other uncertainties of future
acquisitions or combinations within relevant industries; the impact
of internal projects and other strategic actions failing to meet
their objectives; disruption to the availability, confidentiality
or integrity of Prudential's IT systems (or those of its
suppliers); the impact of changes in capital, solvency standards,
accounting standards or relevant regulatory frameworks, and tax and
other legislation and regulations in the jurisdictions in which
Prudential and its affiliates operate; and the impact of legal and
regulatory actions, investigations and disputes. These and other
important factors may, for example, result in changes to
assumptions used for determining results of operations or
re-estimations of reserves for future policy benefits. Further
discussion of these and other important factors that could cause
Prudential's actual future financial condition or performance or
other indicated results to differ, possibly materially, from those
anticipated in Prudential's forward-looking statements can be found
under the 'Risk Factors' section in Prudential's most recent Full
Year Results Regulatory News Release and the 'Risk Factors' section
in its most recent Annual Report and the 'Risk Factors' section of
Prudential's most recent annual report on Form 20-F filed with the
U.S. Securities and Exchange Commission, as well as under the 'Risk
Factors' section of any subsequent Prudential Half Year Financial
Report. Prudential's most recent Annual Report, Form 20-F and any
subsequent Half Year Financial Report are available on its website
at www.prudentialplc.com.
Any forward-looking statements contained in this announcement speak
only as of the date on which they are made. Prudential expressly
disclaims any obligation to update any of the forward-looking
statements contained in this announcement or any other
forward-looking statements it may make, whether as a result of
future events, new information or otherwise except as required
pursuant to the UK Prospectus Rules, the UK Listing Rules, the UK
Disclosure and Transparency Rules, the Hong Kong Listing Rules, the
SGX-ST listing rules or other applicable laws and
regulations.
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: 21 October 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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