Prudential plc Executes Share Buyback to Optimize Capital Structure

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

Prudential plc has repurchased 1.5 million of its ordinary shares through Barclays Securities Limited on the London Stock Exchange, as authorized by shareholders at the 2024 Annual General Meeting. The shares were bought at an average price of GBP 7.4491 and will be canceled, reducing the total number of shares in issue to 2,627,447,013. This transaction is part of the company’s strategy to manage its capital structure and enhance shareholder value.

More about Prudential

Prudential plc is a company that provides life and health insurance as well as 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. It has dual primary listings on the Hong Kong and London Stock Exchanges, with additional listings in Singapore and New York.

YTD Price Performance: 17.61%

Average Trading Volume: 7,705,989

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £19.19B

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