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Prudential PLC - London-based insurer focused on Asia and Africa - Launches a $1.2 billion share buyback programme, which it expects to complete by late December this year. JPMorgan Securities PLC will conduct the programme on Prudential’s behalf. The buyback represents $500 million in capital returns, Prudential says, plus $700 million in net proceeds from the initial public offering in India of ICICI Prudential Asset Management Co Ltd. Late last month, Prudential completed a $2 billion buyback programme first announced in June 2024, as well as a smaller £24.6 million conducted to neutralise scrip dividend share issuance. It confirms on Tuesday plans announced in August for over $5 billion in returns to shareholders between 2024 and 2027, excluding the IPO proceeds from India. It says the balance of the IPO net proceeds will be returned to shareholders during 2027. ‘I am pleased with the progress we are making in executing our strategy. The significant growth opportunities ahead of us have not changed, and we remain firmly focused on creating long-term shareholder value through high quality, sustainable growth, and consistent delivery of shareholder returns,’ says Chief Executive Officer Anil Wadhwani. Current stock price: 1,187.00 pence 12-month change: up 86% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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