Prudential Executes Share Buyback to Optimize Capital Structure

Prudential ( (GB:PRU) ) has issued an announcement.

Prudential plc has bought back 2,032,221 of its ordinary shares on the London Stock Exchange, as authorized by shareholders at their 2024 Annual General Meeting. The shares were purchased through Barclays Securities Limited and will be canceled, reducing the total number of shares in issue to 2,651,579,138. This buyback aligns with Prudential’s strategy to manage its share capital efficiently. The transaction impacts the company’s total voting rights, which now stand at 2,651,579,138, potentially influencing shareholder notifications under the FCA’s 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. The company aims to be a trusted partner by offering simple and accessible financial and health solutions. Prudential is listed on major stock exchanges, including the Stock Exchange of Hong Kong, the London Stock Exchange, the Singapore Stock Exchange, and the New York Stock Exchange. It is part of the Hang Seng Composite Index and participates in the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programs.

YTD Price Performance: -6.56%

Average Trading Volume: 9,076,981

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £15.88B

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