Demerger Process?

I hold shares in US Pharma companies, Pfizer ($PFE) & Merck ($MCK), both of which are due for demergers of parts of their business in the upcoming year or so, Pfizer - Upjohn & Merck - Organon.

Am I right to presume that Freetrade will list the new entities automatically (rather than having to wait for them to be ‘voted’ on to the platform), as part of the process, and that holders of PFE & MRK will automatically receive the allocation of shares in these new companies that they’re entitled to, and within an ISA portfolio (if that’s where the parent companies are held)?


That is what happened with Prudential when M&G got split out.

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Thanks, Mike