Demerger of Jackson

Prudential announced on 28 January 2021 its intention to demerge Jackson, resulting in two separately listed companies. The shareholder circular in relation to the proposed demerger has been approved by the UK’s Financial Conduct Authority and Jackson’s Form 10 registration statement in relation to the proposed demerger has been declared effective by the US Securities and Exchange Commission.

The circular and the Information Statement accompanying the Form 10 are available here. 

Following completion of the proposed demerger, shareholders hold interests in both Prudential and Jackson. If you were a Prudential shareholder as of 2 September 2021, you were entitled to receive one share of Jackson’s Class A common stock for every 40 Prudential ordinary shares you held on that date. The Jackson shares are trading on the New York Stock Exchange (NYSE) under the ticker “JXN”.

Prudential is pleased to announce that at a general meeting of Prudential's shareholders held on 27 August 2021, the resolution, as set out in the Notice of General Meeting dated 6 August 2021, was duly passed by shareholders. Following the approval of this resolution, the demerger of Jackson completed on 13 September 2021, and the Prudential Board declared a Demerger Dividend on that day. The shares of Jackson's Class A common stock  commenced when-issued trading on the NYSE on 1 September 2021 and regular‑way trading on the NYSE was expected to commence on 20 September 2021.