Business
Update on distribution of Jackson Financial shares
Update on distribution of Jackson Financial shares.
About this update from Prudential Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3538O\n Prudential PLC\n 07 October 2021\n \n \n \n \n NEWS RELEASE\n \n \n \n \n \n 7 October 2021\n \n \n \n \n \n Update on settlement of distribution in specie \n \n \n in connection with the demerger of Jackson Financial Inc. \n \n \n \n \n \n Reference is made to the announcements of Prudential plc (\"Prudential\") dated 6 August 2021, 27 August 2021 and 13 September 2021 respectively, the circular of Prudential dated 6 August 2021 (the \"Circular\") and the supplement to the Circular dated 11 August 2021 in respect of demerger of Jackson Financial Inc. from Prudential (the \"Demerger\"). Unless otherwise defined, capitalised terms and expressions used in this announcement shall have the respective meanings given to them in the Circular.\n \n \n \n \n \n This announcement provides an update on the settlement of the Demerger Dividend for UK Registered Shareholders, Hong Kong Registered Shareholders, Singapore Holders and Prudential ADR Holders.\n \n \n \n \n \n As contemplated in the Circular, the Jackson Shares to be transferred to the Prudential CREST Shareholders were transferred to CREST International Nominees Limited, to hold as nominee for the CREST depository. The CREST despository issued CREST Depository Interests, in respect of such Jackson Shares, in CREST to the Prudential CREST Shareholders on 13 September 2021. \n \n \n \n \n \n Settlement for Shareholders who did not take the Share Sale Option \n \n \n \n \n \n As contemplated in the Circular, Shareholders with an address in the EEA who did not elect to take the Share Sale Option, and Eligible CSN Shareholders who have opted out of the Jackson Nominee Service, had their Jackson Shares transferred from Equiniti Financial Services Limited to the Direct Registration System and accordingly received a direct registration statement reflecting their ownership of the Jackson Shares to which they are entitled on 20 September 2021. An opening statement was mailed to Eligible CSN Shareholders who did not opt out of the Jackson Nominee Service by Equiniti Financial Services Limited on 23 September 2021, reflecting the whole number of CDIs that they own and which are held on their behalf by the Jackson Nominee Service.\n \n \n \n \n \n As contemplated in the Circular, the direct registration sta...