tiprankstipranks
Prudential Conducts Significant Share Buyback
Company Announcements

Prudential Conducts Significant Share Buyback

Story Highlights

Pick the best stocks and maximize your portfolio:

An update from Prudential ( (GB:PRU) ) is now available.

Prudential plc has executed a share buyback, purchasing 790,000 of its ordinary shares on the London Stock Exchange through Barclays Securities Limited. This transaction, carried out under the authority of the 2024 Annual General Meeting, will result in the cancellation of the purchased shares. Consequently, Prudential’s total shares in issue now stand at 2,661,539,320. This move impacts the company’s operational metrics by altering the number of voting rights and could potentially affect shareholder interests as per the FCA’s Disclosure Guidance and Transparency Rules.

More about Prudential

Prudential plc is a company that provides life and health insurance and asset management services across 24 markets in Asia and Africa. It aims to be a trusted partner by offering simple and accessible financial solutions. The company has primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange, with secondary listings on the Singapore and New York Stock Exchanges. Prudential is a constituent of the Hang Seng Composite Index and participates in the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programmes.

YTD Price Performance: -25.05%

Average Trading Volume: 11,302,348

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £17.17B

For an in-depth examination of PRU stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskPrudential Executes Share Buyback to Optimize Shareholder Value
TipRanks UK Auto-Generated NewsdeskPrudential plc Executes Share Buyback on London Stock Exchange
TipRanks UK Auto-Generated NewsdeskPrudential Announces Share Buyback to Enhance Capital Structure
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App