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An announcement from Prudential ( (GB:PRU) ) is now available.
Prudential plc announced the repurchase of one million of its ordinary shares through Barclays Securities Limited on the London Stock Exchange, following shareholder approval at the 2024 Annual General Meeting. This transaction, which is in line with the company’s strategic financial management, will see the purchased shares cancelled, thus reducing the total number of shares in issue to 2,657,521,888. This move is intended to optimize shareholder value and streamline the company’s equity structure, potentially impacting its market positioning positively.
More about Prudential
Prudential plc is a company that provides life and health insurance as well as asset management services across 24 markets in Asia and Africa. The company aims to be a trusted partner in delivering simple and accessible financial and health solutions. It maintains dual primary listings on the Hong Kong and London Stock Exchanges and has additional listings on the Singapore and New York Stock Exchanges.
YTD Price Performance: -27.50%
Average Trading Volume: 11,201,029
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £16.58B
For detailed information about PRU stock, go to TipRanks’ Stock Analysis page.