Prudential plc Announces Share Repurchase and Changes in Issued Share Capital

Key Points from the Disclosure Report

• Issuer: Prudential plc
• Date of Submission: 10 November 2025
• Instrument: Ordinary shares of GBP 0.05 each
• Stock Code: 02378 (listed on the Hong Kong Stock Exchange)
• Main Event: Repurchase and cancellation of shares, resulting in changes to issued share capital

Detailed Overview of Share Repurchase and Cancellation

Prudential plc has conducted a series of share repurchases, a move typically aimed at returning value to shareholders and potentially supporting the share price. The company has provided full details of the transactions, which are necessary disclosures under Hong Kong Stock Exchange rules.

• Opening Balance (as at 6 November 2025):
  • Number of issued shares (excluding treasury shares): 2,560,323,011
  • Number of treasury shares: 0
• Share Repurchase and Cancellation:
  • On 5 November 2025, Prudential repurchased shares and subsequently cancelled them on 7 November 2025.
  • Number of shares repurchased and cancelled: 280,048
  • Percentage of existing issued shares: 0.010938%
  • Volume-weighted average repurchase price per share: GBP 10.8083
  • Closing balance of issued shares (as at 7 November 2025): 2,560,042,963
• Shares Repurchased for Cancellation, Pending Cancellation:
  • On 6 November 2025: 254,334 shares, at GBP 10.8389 per share (0.009934% of issued shares)
  • On 7 November 2025: 313,355 shares, at GBP 10.6628 per share (0.012239% of issued shares)

Repurchase Report – Details for Investors

• Trading Date: 7 November 2025
  • Number of shares repurchased: 313,355
  • Repurchase method: On another stock exchange (London Stock Exchange)
  • Repurchase price per share: Highest GBP 10.815, Lowest GBP 10.575
  • Total aggregate price paid: GBP 3,341,243.19
• Mandate Details:
  • Date of resolution granting repurchase mandate: 14 May 2025
  • Total number of shares authorized for repurchase: 262,668,701
  • Total number of shares repurchased under mandate (to date): 46,959,603
  • Percentage of shares repurchased relative to issued shares at mandate date: 1.802963%
  • Moratorium Period: Prudential is restricted from issuing new shares or transferring treasury shares until 7 December 2025, 30 days after the last repurchase. This moratorium period may affect liquidity and issuance plans.
• Confirmation:
  • All purchases were made on another stock exchange (London Stock Exchange), not the Hong Kong Exchange.
  • Purchases complied with domestic rules of the London Stock Exchange.

Shareholder Impact and Price Sensitivity

Why is this Price Sensitive?
The repurchase and cancellation of shares generally result in a reduction of the total issued share capital, which can increase earnings per share (EPS) and may signal management’s confidence in the company’s valuation. The volume-weighted average prices paid per share indicate the company is buying back shares at prevailing market prices, which could support the share price and be interpreted as a positive signal for existing shareholders.

Moratorium Impact: The restriction on new share issuance and treasury share transfers until 7 December 2025 means the company will not dilute shareholders during this period, potentially supporting share price stability.

Significant Quantities Repurchased: To date, Prudential has repurchased over 46.9 million shares under the current mandate, representing 1.8% of the issued share capital at the time the mandate was granted. This is a material action and may be viewed favorably by investors.

Additional Notes

• There are no reportable sales of treasury shares.
• The disclosure was submitted by Florence Ng Wai Yin, Deputy Group Secretary.

Investor Takeaway

Prudential plc’s continued share repurchases and cancellations, alongside a moratorium on new share issuances, could be seen as supportive of shareholder value and may have a positive impact on the share price. Investors should monitor further buyback activity and any changes in corporate actions post-moratorium.

Disclaimer: This article is based on official disclosure documents and is provided for informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Investors should conduct their own due diligence and consult professional advisers before making investment decisions.

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