M&G has completed its demerger from Prudential, with shares of the new independent business admitted to trading on the main market of the London Stock Exchange this morning (21 October).
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,...
Deal was announced in June this year
Departs in April 2021
Raft of portfolio management changes
Individual holdings breach limits
Almost three-quarters generated positive returns
Integration of Charles Derby and Lighthouse
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Entered administration in April 2020
Cuts fees across multi-manager range