Prudential Plc (PRU.L, PUK) Friday said listing of its shares on the main board of the Stock Exchange of Hong Kong Ltd. and on the main board of the Singapore Exchange Securities Trading Ltd. or SGX-ST to commence on May 11, 2010.
According to the company, the listing in Hong Kong Stock Exchange, a dual primary listing alongside its primary listing in the London Stock Exchange, will be effected by way of an introduction. The listing committee of the Hong Kong Stock Exchange considered its application for the Hong Kong Introduction on April 21.
Prudential has also applied to the Singapore Exchange for a secondary listing by way of introduction. The company expects to publish the listing documents for each of the Hong Kong Introduction and the Singapore Introduction on or around May 5.
The company noted that only Prudential shares which are registered on the Hong Kong branch register will be capable of being traded on the Hong Kong Stock Exchange once the Hong Kong Introduction becomes effective.
Further, Prudential said that following the Hong Kong Introduction, shares on Prudential's principal register of members will continue to be capable of being traded on the main market of the London Stock Exchange and American Depositary Receipts representing Prudential's shares will continue to trade on the New York Stock Exchange.
PRU.L is currently trading at 538.5 pence, down 7 pence or 1.28%, on a volume of 3.21 million shares.
PUK closed Thursday's regular trading at $16.97 on the NYSE.
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