a8753n
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,
2021
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-
This
announcement is not for release, publication, distribution,
directly or indirectly, in or into the United States or any other
jurisdiction where such distribution is prohibited by
law.
NEWS
RELEASE
4
October 2021
Prudential plc marks the listing of 130,780,350 new shares on the
Hong Kong Stock Exchange
On
30 September 2021, Prudential plc ("Prudential"), an insurer
providing life and health insurance and asset management in Asia
and Africa, announced that its Share Offer (as defined below) had
been over-subscribed.
Today, dealing in the 130,780,350 new shares
issued under the Share Offer has commenced on the Main Board of the Hong Kong Stock Exchange
under the stock code 2378. The new shares have also been listed on
the Singapore Stock Exchange, and will be admitted to the Main
Market of the London Stock Exchange and the premium listing segment
of the Official List of the Financial Conduct Authority
today.
The new shares have been admitted following the
completion of Prudential's recent Hong Kong public offer (the
"Public Offer") and international placing (the "Placing") (together
the "Share Offer"), raising approximately HK$18.5 billion or US$2.4
billion(1). The
proceeds of the Share Offer will be used to maintain and enhance
Prudential's financial flexibility in light of the breadth of
opportunities to invest for growth in its chosen markets in Asia
and Africa.
Prudential
has leading positions in Hong Kong and South-east Asia and sees the
greatest growth opportunities in the largest economies of China,
India, Indonesia and Thailand.
The
Group has distinctive competitive advantages,
including its access to 83 per cent. of Mainland China's
GDP and its pan-Asia asset manager, Eastspring which has
top-10 positions in seven out of the 11 markets in which it
operates, and a multi-channel distribution strategy which includes
a leading agency force and an extensive bancassurance network with
more than 28,000 bank outlets.
Prudential
raised equity in Hong Kong to grow its investor base in the region
and to increase the liquidity of its shares in Hong Kong. This
transaction shows Prudential's confidence in Hong Kong, where it
has had a dual primary listing since 2010, as a major international
financial centre.
Mike Wells, Group Chief Executive, Prudential plc
said: "Prudential is now entirely
focused on long-term structural growth opportunities in Asia and
Africa, and our Share Offer has allowed us to broaden our Asian
shareholder base and afforded retail shareholders in one of our key
markets an additional opportunity to join us on our journey as we
execute our strategy. We have market leading positions in high
growth markets where there is increasing demand for the health
protection and savings products we provide. We are well positioned
to take advantage of the opportunities ahead of us and are focused
on reinvesting our capital for growth at attractive margins, having
generated nearly 4 dollars of value for every dollar invested in
new business."
To
mark this corporate milestone, Prudential hosted a market opening
ceremony event at HKEX Connect Hall, attended by Group Executive
Board member James Turner, Regional Financial Officer Ben Bulmer
and Chief Executive of Insurance Lilian Ng. The Group was honoured
at today's event by the attendance of Secretary for Financial
Services and the Treasury Mr Christopher Hui, Chairman of the
Insurance Authority Dr Moses Cheng, and Chief Executive Officer of
Hong Kong Exchanges and Clearing Limited Nicolas
Aguzin.
(1)
After deduction of the underwriting fees and other estimated
expenses payable in connection with the Share Offer.
Notes to Editors
Enquiries:
Media Investors/Analysts
Addy
Frederick +44 (0)20
3977
9399
Patrick
Bowes
+44 (0)20 3977 9702
Ping
Ping Tan +65 9845
8904
William
Elderkin +44
(0)20 3977 9215
About Prudential plc
Prudential
plc provides life and health insurance and asset management, with a
focus on Asia and Africa. The business helps people get the most
out of life, by making healthcare affordable and accessible and by
promoting financial inclusion. Prudential protects people's wealth,
helps them grow their assets, and empowers them to save for their
goals. The business has more than 17 million life customers in Asia
and Africa and is listed on stock exchanges in London, Hong Kong,
Singapore and New York. Prudential is not affiliated in any manner
with Prudential Financial, Inc. a company whose principal place of
business is in the United States of America, nor with The
Prudential Assurance Company Limited, a subsidiary of M&G plc,
a company incorporated in the United Kingdom.
Disclaimers
This
announcement is for information purposes only and does not
constitute an offer or an invitation to induce an offer by any
person to acquire, purchase or subscribe for any securities. This
announcement is not a prospectus. Potential investors should read
the Prospectus for detailed information about the Share Offer
described below before deciding whether or not to invest in the
Shares.
This
announcement does not contain or constitute, and is not, an offer
to sell or a solicitation of any offer to buy securities in Hong
Kong, the United States or any other jurisdiction. Any such offer
or invitation will be made only by means of a prospectus that may
be obtained from Prudential (if published) and that will contain
detailed information about Prudential and management, as well as
financial statements, and only in jurisdictions in which such offer
or invitation may legally and validly be made. The publication,
distribution or release of this announcement may be restricted by
law in certain jurisdictions and persons into whose possession any
document or other information referred to herein may come should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such
jurisdiction.
The
Offer Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or the securities laws of any state or other
jurisdiction of the United States and may not be offered or sold,
pledged or transferred within the United States or to, or for the
account or benefit of, any U.S. Persons (as defined in Regulation S
under the U.S. Securities Act), except pursuant to an exemption
from, or in a transaction not subject to, the registration
requirements of the U.S. Securities Act and applicable state or
local securities laws. Prudential does not intend to register the
Offer Shares in the United States or to conduct a public offering
of securities in the United States.
Forward-looking statements
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,
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 speak only as of the
date on which they are made, and therefore undue reliance should
not be placed on them. By their nature, all forward-looking
statements involve risk and uncertainty. 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: 4 October 2021
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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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