Business
Prudential plc: Announcement of Offer Price
Prudential plc: Announcement of Offer Price.
About this update from Prudential Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9784M\n Prudential PLC\n 25 September 2021\n \n \n \n \n \n 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. \n \n \n \n \n \n NEWS RELEASE \n \n \n \n \n \n \n \n \n 25 September 2021 \n \n \n \n \n \n ANNOUNCEMENT OF OFFER PRICE\n \n \n \n \n \n Reference is made to the Prospectus and formal notice published by Prudential plc (\"Prudential\") on Monday, 20 September 2021. Capitalised terms used below shall have the same meaning as given to them in the Prospectus.\n \n \n \n \n \n On 20 September 2021, Prudential announced that it was raising up to 5 per cent. of its issued share capital, or up to approximately 130.8 million new shares, through a concurrent Hong Kong public offer and international placing (together the \"Share Offer\").\n \n \n \n \n \n Prudential announces that the final offer prices for both the Public Offer and the Placing have been set at HK$143.8 per Offer Share (the \"Offer Price\"). Applicants are required to pay, in addition to the application monies for the number of Offer Shares which they have applied for, brokerage of 1 per cent., SFC transaction levy of 0.0027 per cent. and HK Stock Exchange trading fee of 0.005 per cent.\n \n \n \n \n \n Dealings in the Offer Shares on the Main Board of the HK Stock Exchange are expected to commence at 9:00 am (Hong Kong time) on Monday, 4 October 2021, subject to approval from the HK Stock Exchange for the listing of and permission to deal in the Offer Shares. \n \n \n \n \n \n The Offer Shares are expected to be admitted to the premium listing segment of the Official List and the Main Market of the London Stock Exchange at 8:00 am (UK time) on Monday, 4 October 2021, subject to approvals from the Financial Conduct Authority and the London Stock Exchange for the listing of the Offer Shares. Admission to listing of the Offer Shares on the Singapore Stock Exchange is expected to take effect at 9:00 am (Singapore time) on Monday, 4 October 2021, subject to confirmation from the Singapore Stock Exchange for the listing of the Offer Shares.\n \n \n \n \n \n Based on the Offer Price, the net proceeds from the Share Offer are estimated ...