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Prudential Cancels 488,861 Shares After Latest Buyback Move

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Prudential Cancels 488,861 Shares After Latest Buyback Move

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An update from Prudential ( (GB:PRU) ) is now available.

Prudential plc has repurchased 488,861 of its own ordinary shares of 5 pence each on 30 April 2026 from JP Morgan Securities plc, under shareholder authority granted at its 2025 AGM and an arrangement announced earlier in the year. The shares were bought on the London Stock Exchange at prices between £10.80 and £11.07, with an average price of £10.93, and the company plans to cancel them, reducing its shares in issue and voting rights to 2,520,118,359 and potentially enhancing value for remaining shareholders.

The buyback was executed as an on-exchange transaction under London Stock Exchange listing rules and treated as an on-market purchase under the Hong Kong Code on Share Buy-Backs. The updated share count provides a new denominator for investors assessing disclosure thresholds under UK transparency rules, while detailed trade data has been made available via the London Stock Exchange and Prudential’s website, underscoring regulatory compliance and transparency in the capital management action.

More about Prudential

Prudential plc is a UK-incorporated financial services group listed in London, Hong Kong and Singapore. The company operates in insurance and investment-related products, providing long-term savings and protection solutions to customers across its key Asian and international markets.

Find detailed analytics on PRU stock on TipRanks’ Stock Analysis page.

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