Prudential plc Executes Share Buyback to Optimize Capital Structure

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

Prudential plc announced the purchase of 260,000 of its ordinary shares through Barclays Securities Limited on the London Stock Exchange. The shares were bought at an average price of GBP 7.2351 and will be cancelled, reducing the total number of shares in issue to 2,632,877,141. This transaction aligns with the company’s strategy to manage its capital structure and may influence shareholder voting rights and interest notifications.

More about Prudential

Prudential plc is a company providing life and health insurance as well as asset management services across 24 markets in Asia and Africa. It aims to be a trusted partner by offering simple and accessible financial and health solutions. The company is listed on the Hong Kong, London, Singapore, and New York Stock Exchanges and is part of the Hang Seng Composite Index.

YTD Price Performance: 14.73%

Average Trading Volume: 8,233,711

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £19.1B

See more data about PRU stock on TipRanks’ Stock Analysis page.