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An announcement from Prudential ( (GB:PRU) ) is now available.
Prudential plc has repurchased 740,000 of its ordinary shares on the London Stock Exchange, as authorized by its shareholders at the 2024 AGM. The shares, bought at an average price of GBP 6.6116, will be canceled, reducing the company’s total shares in issue to 2,644,753,528. This buyback aligns with Prudential’s strategy to manage its capital structure effectively and may impact the voting rights calculations for shareholders under FCA rules.
More about Prudential
Prudential plc provides life and health insurance and 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 dual-listed on the Hong Kong and London Stock Exchanges and has secondary listings in Singapore and New York. Prudential 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: 3.61%
Average Trading Volume: 8,913,530
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.28B
Learn more about PRU stock on TipRanks’ Stock Analysis page.
