Prudential Executes Share Buyback Program

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

Prudential plc has repurchased 260,000 of its ordinary shares as part of a buyback program authorized by shareholders at the 2024 Annual General Meeting. This transaction, conducted through Barclays Securities Limited, will result in the cancellation of the purchased shares, leaving the company with 2,635,097,123 shares in issue and the same number of voting rights. The share buyback is in accordance with the London Stock Exchange rules and the Hong Kong Code on Share Buy-backs, potentially impacting the company’s stock liquidity and shareholder value.

More about Prudential

Prudential plc provides life and health insurance and asset management services in 24 markets across Asia and Africa. The company aims to be a trusted financial and health solutions provider, featuring dual primary listings on the Hong Kong and London Stock Exchanges, and secondary listings on the Singapore and New York Stock Exchanges.

YTD Price Performance: 12.31%

Average Trading Volume: 8,449,773

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £18.72B

Learn more about PRU stock on TipRanks’ Stock Analysis page.