20th Mar 2006 07:00
Prudential PLC18 March 2006 PRUDENTIAL PLC BOARD STATEMENT 18 March 2006 The Board of Prudential plc announces that it received a proposal from Aviva plcabout a possible combination of the two companies. The Board of Prudential plc,which has taken independent financial advice, does not consider that theproposal is in the best interests of its shareholders and has rejected it. The Board confirms that it is not in discussions with any party and reaffirmsits confidence in Prudential's future as an independent company. Enquiries: Prudential plcJon Bunn 07808 632167Rebecca Burrows 07718 637264 BrunswickMike Smith 020 7404 5959Kate Holgate 020 7404 5959 Note to editors: 1. Prudential plc announced its 2005 full year results on 16 March 2006 • Total EEV operating profit from continuing operations of £1,712 million, up 33% • New business APE of £2,146 million, up 15%; PVNBP of £16.8 billion, up 11% • New business profit of £867 million, up 15%, with Group margin of 41% • Total statutory profit from continuing operations of £957 million, up 36% • EEV shareholders' funds up 20% to £10.3 billion • Return on embedded value of 15.7% (2004: 13.4%) • Total net inflows for funds businesses of £5.2 billion, with external funds under management of £46 billion, up 23% • Full year dividend of 16.32 pence per share (2004: 15.84 pence per share) 2. Prudential plc is being advised by Goldman Sachs International, LexiconPartners Limited and UBS Limited in connection with the matters referred toherein 3. Goldman Sachs International and UBS Limited are joint corporate brokersto Prudential plc Goldman Sachs International, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively forPrudential and no-one else in connection with the matters referred to herein andis not advising any other person and accordingly will not be responsible to anyperson other than Prudential for providing the protections afforded to clientsof Goldman Sachs International or for providing advice in relation to suchmatters. Lexicon Partners Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting for Prudential only inconnection with the matters referred to herein and no-one else and will notregard any other person as its client or be responsible to any person other thanPrudential for providing the protections afforded to clients of Lexicon PartnersLimited nor for providing advice in relation to such matters. UBS Limited is acting for Prudential only in connection with the mattersreferred to herein and no-one else and will not regard any other person as itsclient or be responsible to any person other than Prudential for providing theprotections afforded to clients of UBS Limited nor for providing advice inrelation to such matters. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
PrudentialAviva