The latest update is out from Prudential ( (GB:PRU) ).
Prudential plc announced the purchase of 500,000 of its own ordinary shares on the London Stock Exchange, with plans to cancel them, reducing the total number of shares in issue to 2,626,687,013. This transaction, conducted through Barclays Securities Limited, is part of a strategy to manage the company’s capital structure and could impact shareholder voting rights, as it adjusts the denominator for calculating changes in shareholder interests.
More about Prudential
Prudential plc provides life and health insurance and asset management services across 24 markets in Asia and Africa. The company aims to be a trusted partner by offering simple and accessible financial and health solutions. It is listed on multiple stock exchanges, including the Hong Kong, London, Singapore, and New York Stock Exchanges, and is part of the Hang Seng Composite Index.
YTD Price Performance: 19.03%
Average Trading Volume: 7,829,210
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £19.77B
For detailed information about PRU stock, go to TipRanks’ Stock Analysis page.