Shaun Day, Greatland CEO gave an upbeat presentation to over 800 London South East investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPrudential Share News (PRU)

Share Price Information for Prudential (PRU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,457.00
Bid: 1,457.00
Ask: 1,458.00
Change: 6.50 (0.45%)
Spread: 1.00 (0.07%)
Open: 1,436.00
High: 1,467.00
Low: 1,434.50
Yest. Close: 1,450.50
PRU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Prudential plans to raise £2bn through share offer

Mon, 20th Sep 2021 07:26

(Sharecast News) - UK life insurer Prudential said it planned to raise £2bn through a public offer and international share placing on the Hong Kong Stock Exchange.
The 173-year-old company said it intended to use most of the proceeds to pay down debt and give it "financial flexibility in the light of the breadth of opportunities to invest for growth in Asia and Africa".

Prudential said it plans to offer 130.8m new shares, or 5% of its issued share capital, at HK$172 per share, adding that an additional 32.7m new shares could also be issued.

It expects to determine the public offer price and the placing price on or around September 25, with trading expected to begin on October 4.

The company last week completed the demerger of its US business Jackson Life, after pressure from activist shareholder Third Point which built up a 5% stake in the Pru last year.

Hedge fund Third Point demanded a separation of Prudential's American and Asian businesses after its boss Daniel Loeb said there was "no discernible benefit" from the two divisions being operated under the same corporate umbrella.

More News

IN BRIEF: Prudential selects bonds to redeem from placing cash

IN BRIEF: Prudential selects bonds to redeem from placing cash

22 Oct 21 13:02

LONDON BROKER RATINGS: Morgan Stanley upgrades Centrica to Overweight

LONDON BROKER RATINGS: Morgan Stanley upgrades Centrica to Overweight

7 Oct 21 09:40

UPDATE 2-Financial, travel stocks weigh on FTSE 100; Morrisons drops

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Morrisons shares drop on $9.5 billion takeover* Trading platform Plus500 gains on strong forecast* AstraZeneca up on breakthrough designati...

4 Oct 21 09:54

EXECUTIVE CHANGES: Ryanair taps Kingspan CFO; new Informa non-execs

EXECUTIVE CHANGES: Ryanair taps Kingspan CFO; new Informa non-execs

1 Oct 21 11:53

Prudential raises GBP1.77 billion through Hong Kong public offer

Prudential raises GBP1.77 billion through Hong Kong public offer

30 Sep 21 09:09

LONDON MARKET MIDDAY: Gains ebb; crunch time for US spending bills

LONDON MARKET MIDDAY: Gains ebb; crunch time for US spending bills

27 Sep 21 12:14

LONDON MARKET OPEN: Rolls-Royce rises on US Air Force contract win

LONDON MARKET OPEN: Rolls-Royce rises on US Air Force contract win

27 Sep 21 08:50

TOP NEWS: Prudential prices Hong Kong share offer to raise USD2.37 billion

TOP NEWS: Prudential prices Hong Kong share offer to raise USD2.37 billion

27 Sep 21 08:33

Prudential raises $2.4bn from Hong Kong offering

(Sharecast News) - Insurance group Prudential has raised $2.4bn from its raising in Hong Kong after offering new shares in the company HK$143.80 (£13.51) each, the company said.

27 Sep 21 07:54

PRESS: Prudential prices Hong Kong offer at HKD143.80 per share

PRESS: Prudential prices Hong Kong offer at HKD143.80 per share

24 Sep 21 21:46

HSBC, StanChart may face secondary shockwaves from Evergrande crisis -analysts

* Banks face wider hit to trading, wealth management lines* HSBC and Standard Chartered seen as most likely impacted* Banks say no direct exposure, limited second order impact* Insurers face volatility in investment portfoliosBy Lawrence White and Ca...

24 Sep 21 15:58

HSBC, StanChart may face secondary shockwaves from Evergrande crisis -analysts

* Banks face wider hit to trading, wealth management lines* HSBC and Standard Chartered seen as most likely impacted* Banks say no direct exposure, limited second order impact* Insurers face volatility in investment portfoliosBy Lawrence White and Ca...

24 Sep 21 15:58

HSBC, StanChart may face secondary shockwaves from Evergrande crisis -analysts

* Banks face wider hit to trading, wealth management lines* HSBC and Standard Chartered seen as most likely impacted* Banks say no direct exposure, limited second order impact* Insurers face volatility in investment portfoliosBy Lawrence White and Ca...

24 Sep 21 15:58

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

21 Sep 21 16:06

LIVE MARKETS-DAX turns 40 but China spoils the party!

* STOXX 600 falls 2.3%* China's Evergrande default worries weigh* Miners drop over 5%* Wall Street set for steep opening dropSept 20 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your tho...

20 Sep 21 13:36

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.