Prudential Executes Share Buyback Plan

Prudential (GB:PRU) has released an update.

Prudential plc has announced the buyback of 1,562,085 of its own shares, with the intention to cancel them, thus potentially affecting the stock’s liquidity and shareholders’ voting power. The transaction, conducted through Goldman Sachs International on the London Stock Exchange, comes after shareholder approval at the Annual General Meeting. Prices per share ranged from GBP 6.1140 to GBP 6.1640, averaging at GBP 6.1456, and the company’s total shares in issue post-transaction will stand at 2,716,106,227.

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