To view the PDF file, sign up for a MySharenet subscription.

DSY - Discovery Holdings Limited - Prudential 2010 half year financial results

Release Date: 12/08/2010 12:06
Code(s): DSY
Wrap Text

DSY - Discovery Holdings Limited - Prudential 2010 half year financial results DISCOVERY HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1999/007789/06) ISIN: ZAE000022331 Share Code: DSY ("Discovery") PRUDENTIAL 2010 HALF YEAR FINANCIAL RESULTS Shareholders are referred to the 2010 Half Year Financial Results for Prudential plc released today, which contains the following information in respect Prudential Health Limited ("PruHealth") and PruProtect. PruHealth and PruProtect are the joint ventures in the United Kingdom, owned by Discovery and Prudential plc. "The PruHealth joint venture uses the Prudential brand and Discovery`s expertise to build branded distribution in Health and Protection. In August 2010, Discovery announced the completion of the acquisition of Standard Life Healthcare and its combination with the PruHealth business. This acquisition was fully funded by Discovery and as a result, Prudential reduced its shareholding in the combined business from 50 per cent to 25 per cent with effect from 1 August 2010, the date of the acquisition. PruHealth currently has 220,000 lives insured, an increase of five per cent over the last year. PruProtect sales at APE GBP11 million were GBP5 million (98 per cent) up on the first half of 2009, supported by the launch of the "Essential" Plan in November 2009." Sandton 12 August 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/08/2010 12:06:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story