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Insurance group Prudential said it expected to hold a shareholder meeting next month on the proposed demerger of its M&G wealth management business.
The company said its prospectus for the separation had been approved Wednesday by the Financial Conduct Authority.
A general meeting would be held in London on 15 October to vote on the deal.
The demerger was then expected to be completed, and the M&G admitted for trading on the London Stock Exchange, by no later than 21 October.
At 2:59pm: (LON:PRU) Prudential PLC share price was -18.25p at 1401.75p