London Stock Exchange welcomes M&G plc
On Monday 21 October the London Stock Exchange welcomed M&G plc to its first day of trading on the Main Market following its demerger from Prudential plc.
M&G plc is a leading savings and investments business serving more than 5 million retail customers and over 800 institutional clients in 28 markets. Its innovative asset management and customer solutions are supported by extensive investment capabilities, an international distribution network and two strong brands: Prudential and M&G Investments.
Commenting on the listing, M&G plc Chief Executive John Foley said:
“Today’s listing marks a very significant milestone for M&G. M&G has a strong investment case as an independent business and our management team is excited about the potential to grow and develop our franchise. We’re fortunate that the macro trends in demand for high-quality savings and investment solutions are highly positive, both in the UK & Europe and internationally. Our unique mix of businesses and our proven track record of developing successful investment franchises makes us very well placed to deliver great customer outcomes and attractive total returns for our future shareholders.”
Goldman Sachs was lead adviser and sponsor, Slaughter & May acted as legal advisers, Citigate Dewe Rogerson as Financial PR and KPMG were reporting accountants and auditors. M&G plc’s corporate brokers will be Bank of America Merrill Lynch.
The Company’s ticker is MNG.