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Prudential ( (GB:PRU) ) just unveiled an update.
Prudential plc has announced the purchase of 750,000 ordinary shares through Barclays Securities Limited on the London Stock Exchange, as authorized by its shareholders. The shares were bought at an average price of GBP 6.6689 and will be canceled, reducing the total number of shares in issue to 2.66 billion. This transaction is part of the company’s strategy to manage its capital structure effectively, potentially impacting shareholder voting rights and market positioning.
More about Prudential
Prudential plc is a leading provider of life and health insurance and asset management services across 24 markets in Asia and Africa. Its mission is to deliver simple and accessible financial and health solutions to become the most trusted partner for current and future generations. The company is dual-listed on the Stock Exchange of Hong Kong and the London Stock Exchange, with additional listings on the Singapore and New York Stock Exchanges.
YTD Price Performance: -22.70%
Average Trading Volume: 11,133,198
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.73B
For detailed information about PRU stock, go to TipRanks’ Stock Analysis page.