British insurance company Prudential Plc (PRU.L,PUK) on Tuesday announced the launch of the third and final tranche of its $2 billion share buyback programme, valued at $500 million.
The company said that this is following the successful completion of the first tranche for $700 million on November 15, 2024 and the second tranche for $800 million on June 26. The programme is designed to reduce the issued share capital and return excess capital to shareholders, Prudential added.
To execute the third tranche, the company said that it has entered into an agreement with Merrill Lynch International or MLI, which will act as riskless principal and make independent trading decisions.
According to Prudential, MLI will repurchase ordinary shares on its behalf during the period from July 1, with the programme expected to conclude no later than December 24.
The company said that the maximum number of ordinary shares that may be repurchased under the third tranche is 150 million.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.