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Prudential ( (GB:PRU) ) has provided an update.
Prudential plc announced the purchase of 899,631 of its ordinary shares, as part of a share buyback program authorized by its shareholders. The shares were bought at an average price of GBP 6.5236 and will be canceled, reducing the total number of shares in issue to 2,662,329,320. This transaction is expected to streamline the company’s capital structure and potentially enhance shareholder value.
More about Prudential
Prudential plc provides life and health insurance and 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 additional listings in Singapore and New York.
YTD Price Performance: -25.05%
Average Trading Volume: 11,302,348
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.17B
For a thorough assessment of PRU stock, go to TipRanks’ Stock Analysis page.
