M&G Shareholders to Sell 57 Million Shares After Demerger
22 Octubre 2019 - 11:48AM
Noticias Dow Jones
By Adria Calatayud
Shareholders in M&G PLC (MNG.LN) plan to sell 57 million
shares in the company following its demerger from Prudential PLC
(PRU.LN), broker J.P. Morgan Securities PLC said Tuesday.
The share sale would be worth around 115.5 million pounds
($149.6 million), based on Tuesday's closing price.
The shares will be sold via an accelerated bookbuild offering
and proceeds will be distributed to the entitled Prudential
American depositary receipt holders, J.P. Morgan Securities
said.
M&G shares closed 7% lower at 202.65 pence.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
October 22, 2019 12:33 ET (16:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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