Prudential plc Announces Latest Share Repurchase Activity

Key Points from the Next Day Disclosure Return

• Issuer: Prudential plc
• Date Submitted: 11 November 2025
• Instrument: Ordinary shares of GBP 0.05 each
• Stock Exchange: The Stock Exchange of Hong Kong Limited (Stock Code: 02378)
• Recent Share Repurchase: 254,334 shares repurchased and cancelled on 10 November 2025 at a volume-weighted average price of GBP 10.8389 per share.
• Closing Issued Shares: After the repurchase, the total number of issued shares stands at 2,559,788,629.

Further Details on Shares Repurchased for Cancellation

• Shares Repurchased but Not Yet Cancelled:
  • 313,355 shares repurchased on 7 November 2025 at GBP 10.6628 per share
  • 281,117 shares repurchased on 10 November 2025 at GBP 10.723 per share
• Method of Repurchase: The latest repurchase of 281,117 shares was executed on the London Stock Exchange, not in Hong Kong.
• Repurchase Price Range: GBP 10.62 – GBP 10.815 per share
• Total Aggregate Price Paid: GBP 3,014,419.09 for the 281,117 shares

Shareholder Mandate and Repurchase Capacity

• Repurchase Mandate Date: 14 May 2025
• Maximum Shares Authorized for Repurchase: 262,668,701 shares
• Total Shares Repurchased Under Mandate to Date: 47,240,720 shares
• Percentage of Issued Shares Repurchased: 1.81% of issued shares (excluding treasury shares) as of the mandate date
• Moratorium Period: No new issue, sale, or transfer of shares is allowed until 10 December 2025, unless prior approval is obtained

Implications for Investors and Share Price Sensitivity

Share Repurchase Impact: Prudential plc’s ongoing share repurchase program is a significant event for shareholders. The reduction in outstanding shares (by 254,334 shares after cancellation, plus shares pending cancellation) can result in increased earnings per share (EPS), potentially supporting or lifting the share price. The company has also demonstrated consistent buyback activity, with over 47 million shares repurchased under the current mandate, signaling management’s confidence in the company’s prospects and a commitment to shareholder returns.

Price Sensitivity: The repurchase prices (ranging between GBP 10.62 and GBP 10.8389 per share) may serve as an indicator of management’s view on fair value, and could act as a near-term support level for the stock. The ongoing buybacks may also enhance market liquidity and provide some downside protection. Investors should note the upcoming moratorium period, during which no new shares can be issued or treasury shares sold or transferred, potentially limiting dilution risk until 10 December 2025.

No On-Market Sale of Treasury Shares: There were no sales of treasury shares reported in this filing, so all repurchases have been for cancellation, further supporting the reduction in share count.

Conclusion: Prudential plc’s continued share repurchases, especially at premium prices and in significant volume, are material events that investors should monitor. The buyback activity demonstrates management’s confidence and provides a tangible mechanism for enhancing shareholder value. The moratorium on new share issues and treasury share sales until mid-December adds further certainty to the share structure in the short term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional advisor before making any investment decisions. The information above is based on official company disclosures and may be subject to change.

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