Prudential Announces Share Buyback of 675,000 Shares

Prudential ( (GB:PRU) ) just unveiled an update.

Prudential plc has announced the purchase of 675,000 of its ordinary shares through Barclays Securities Limited on the London Stock Exchange. The average price paid per share was GBP 6.3723. The company intends to cancel these shares, which will result in a total of 2,656,180,277 shares in issue. The transaction is part of a share buyback authorized at the 2024 Annual General Meeting and aligns with Prudential’s strategy to optimize its capital structure, potentially impacting shareholder value and market perception.

More about Prudential

Prudential plc is engaged in providing life and health insurance as well as asset management services across 24 markets in Asia and Africa. The company aims to be a trusted partner and protector by offering simple and accessible financial and health solutions. With dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange, Prudential is also listed on the Singapore Stock Exchange and New York Stock Exchange. It is part of the Hang Seng Composite Index and is included in trading programs such as the Shenzhen-Hong Kong Stock Connect and the Shanghai-Hong Kong Stock Connect.

YTD Price Performance: -0.44%

Average Trading Volume: 9,289,792

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £16.81B

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