Prudential plc Executes Share Buyback to Optimize Capital Structure

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

Prudential plc announced the purchase of 1,299,982 of its ordinary shares through Barclays Securities Limited on the London Stock Exchange. The shares were bought at an average price of GBP 7.0971 and will be canceled, reducing the total number of shares in issue to 2,633,397,141. This transaction aligns with the company’s strategy to manage its capital structure and potentially enhance shareholder value.

More about Prudential

Prudential plc is a company that provides life and health insurance and asset management services across 24 markets in Asia and Africa. The company aims to be a trusted partner by offering simple and accessible financial and health solutions. Prudential has dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange, with additional listings on the Singapore Stock Exchange and the New York Stock Exchange.

YTD Price Performance: 11.43%

Average Trading Volume: 8,231,280

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £18.57B

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