M&G completes Prudential demerger

The firm announced this morning that it had issued share capital consisting of 2,599,906,866 shares with a nominal value of £0.05 each, and carrying voting rights of one vote per share.  In March, M&G Prudential reported an estimated cost of £143m for its restructuring of the business since the demerger project began. It followed a challenging 2018, which saw the firm hit with net outflows of £9.9bn and the loss of a £6.5bn institutional mandate. CREST accounts, which allow shareholders and bondholders to hold assets in electronic form, rather than holding physical share certifi...