15 Oct 2019
Results of General Meeting
Prudential plc (“Prudential”) is pleased to announce that at a general meeting of Prudential held earlier today, resolutions 1 and 2, as set out in the Notice of General Meeting dated 25 September 2019, were duly passed by shareholders.
Accordingly, it is expected that the proposed demerger of M&G plc (“M&G”) will be completed and that the M&G shares will be admitted to trading on the London Stock Exchange’s main market for listed securities by no later than 8am (UK time) on 21 October 2019.
The results of the polls are set out below.
The full text of the resolutions above is set out in the Notice of General Meeting dated 25 September 2019.
|
Resolution
|
Votes for
|
% of votes cast
|
Votes against
|
% of votes cast
|
Votes cast in total
|
Total votes cast as a % of issued share capital
|
Votes withheld
|
|
1
|
To approve the proposed demerger of M&G
|
1,979,580,132
|
99.43
|
11,371,514
|
0.57
|
1,990,951,646
|
76.58
|
8,804,305
|
|
2
|
To approve the appointment of Amy Yip as a director
|
1,932,091,297
|
99.53
|
9,044,968
|
0.47
|
1,941,136,265
|
74.66
|
58,616,436
|
As at 11 October 2019, the number of issued shares of Prudential was 2,599,906,866 ordinary shares, which was the total number of shares entitling the holders to attend and vote for or against the resolutions. In accordance with Prudential’s Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.
There were no restrictions on shareholders to cast votes on either of the resolutions proposed at the general meeting. Votes withheld are not votes in law and therefore have not been counted in the calculation of the proportion of the votes for and against a resolution. Equiniti was appointed as the scrutineer for vote-taking at the general meeting.
Pursuant to Listing Rule 9.6.2 of the UK Listing Rules, copies of the resolutions passed will shortly be available to view via the National Storage Mechanism at
www.morningstar.co.uk/uk/NSM.
Enquiries:
| Media |
|
Investors/Analysts |
|
| Jonathan Oliver |
+44 (0)20 3977 9500 |
Patrick Bowes |
+44 (0)20 3977 9702 |
| Tom Willetts |
+44 (0)20 3977 9760 |
William Elderkin |
+44 (0)20 3977 9215 |
Additional information
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.