M&G and Prudential

[Guest Jessicapowow]

Why is my ISA still showing Prudential as an open position when the shares are now all M&G shares?

[CharlotteIG]

On 28/10/2019 at 13:55, Jessicapowow said:

Why is my ISA still showing Prudential as an open position when the shares are now all M&G shares?

Hey @Jessicapowow

Thanks for your message. The Prudential PLC/ M&G Group Limited corporate actions was a spin off meaning you get one M&G Group Limited share for every one Prudential PLC share you held. To obtain the M&G Group shares you did not have to lose your existing shares, you were simply given free shares in M&G Group Limited.