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Prudential ( (GB:PRU) ) just unveiled an announcement.
Prudential plc has announced the purchase of 251,145 of its own ordinary shares on the London Stock Exchange, as authorized at the 2024 Annual General Meeting. These shares, acquired through Barclays Securities Limited, will be canceled, reducing the total number of shares in issue to 2,648,707,993. This move, conducted under the London Stock Exchange and Hong Kong Code on Share Buy-backs, is aimed at optimizing the company’s capital structure and potentially improving shareholder value.
More about Prudential
Prudential plc is a leading provider of life and health insurance and asset management services, operating across 24 markets in Asia and Africa. The company aims to offer simple and accessible financial and health solutions, emphasizing trust and protection for current and future generations. Prudential plc holds primary listings on the Hong Kong and London Stock Exchanges, with additional listings in Singapore and New York. It forms part of the Hang Seng Composite Index and participates in the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programmes, distinguishing itself as a major player in international finance.
YTD Price Performance: 2.92%
Average Trading Volume: 8,819,962
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.24B
For detailed information about PRU stock, go to TipRanks’ Stock Analysis page.
