Prudential Enhances Shareholder Value with Share Buyback

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

Prudential plc announced the purchase of 260,000 of its ordinary shares on the London Stock Exchange through Barclays Securities Limited. The transaction, conducted under the authority granted at the 2024 Annual General Meeting, is part of the company’s strategy to manage its share capital and enhance shareholder value. Following the cancellation of these shares, the total number of shares in issue will be 2,631,386,113, which will also be the new total number of voting rights.

More about Prudential

Prudential plc is a company 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 by offering simple and accessible financial and health solutions. Prudential has dual primary listings on the Hong Kong and London Stock Exchanges, with secondary listings in Singapore and New York.

YTD Price Performance: 17.17%

Average Trading Volume: 7,893,922

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £18.69B

See more data about PRU stock on TipRanks’ Stock Analysis page.