Prudential Launches $41.5 Million Share Repurchase Program

MT Newswires Live12-15

Prudential (PUK) said Monday it will launch a share repurchase program of about 2.2 million ordinary shares for 0.05 British pounds ($0.067) per share to reduce its issued share capital.

The program is effective from Monday and the company can repurchase shares up to 31 million pounds ($41.5 million) until Friday.

The buyback plan is set to marginally enhance its EPS.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment