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Prudential plc Announces Share Buyback to Optimize Capital Structure
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Prudential plc Announces Share Buyback to Optimize Capital Structure

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

Prudential plc has repurchased 1,500,000 of its ordinary shares through Barclays Securities Limited on the London Stock Exchange, following shareholder approval at the 2024 Annual General Meeting. The purchased shares, priced between GBP 5.9660 and GBP 6.0340, will be canceled, resulting in a total of 2,650,079,138 shares in issue and affecting the total number of voting rights for shareholders. This transaction aims to optimize the company’s capital structure and 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 is committed to offering simple and accessible financial and health solutions, aiming to be the most trusted partner and protector for current and future generations. It holds 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: -6.56%

Average Trading Volume: 9,076,981

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £15.88B

For a thorough assessment of PRU stock, go to TipRanks’ Stock Analysis page.

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