Prudential plc Announces Ongoing Share Repurchase Activity and Issued Share Changes

Key Highlights from the Next Day Disclosure Return

• Issuer: Prudential plc
• Date of Disclosure: 12 November 2025
• Instrument: Ordinary shares of GBP 0.05 each
• Stock Code: 02378 (Hong Kong)
• Listing Exchange: The Stock Exchange of Hong Kong Limited

Details of Share Repurchases and Issued Share Changes

Prudential plc has actively continued its share repurchase programme, which may have implications for shareholders and potentially affect share values due to reduced supply and capital allocation signals.

Repurchase and Cancellation of Shares

• Repurchase Date: 7 November 2025 (Shares repurchased and cancelled on 11 November 2025)
• Number of Shares Repurchased & Cancelled: 313,355 shares
• Repurchase Price (Volume Weighted Average): GBP 10.6628 per share
• Percentage of Issued Shares: 0.012241% of existing issued shares prior to the event
• Opening Issued Shares (10 November 2025): 2,559,788,629 shares
• Closing Issued Shares (11 November 2025): 2,559,475,274 shares

Shares Repurchased for Cancellation but Not Yet Cancelled

• 10 November 2025: 281,117 shares at GBP 10.723 per share (0.010982% of existing shares)
• 11 November 2025: 262,434 shares at GBP 10.8279 per share (0.010252% of existing shares)

Details of Latest Repurchase Transactions

• Trading Date: 11 November 2025
• Number of Shares Repurchased: 262,434
• Method: On another stock exchange (London Stock Exchange)
• Repurchase Price Range: GBP 10.74 – GBP 10.915 per share
• Aggregate Price Paid: GBP 2,841,610.61
• All Repurchased Shares Designated for Cancellation (None held as treasury shares)

Repurchase Mandate Information

• Date of Mandate Resolution: 14 May 2025
• Total Shares Authorised for Repurchase: 262,668,701
• Total Shares Repurchased under Mandate: 47,503,154
• Percentage of Issued Shares Repurchased under Mandate: 1.823832% of issued shares as at mandate date
• Moratorium Period for New Share Issue: Up to 11 December 2025 (No new issue, sale, or transfer of treasury shares without prior Exchange approval for 30 days after a purchase)

Key Points for Shareholders

• Active Buyback Programme: Prudential plc continues to buy back and cancel shares, reducing the total number of shares outstanding. This can positively affect share value by increasing earnings per share (EPS) and signalling management’s confidence in the company’s valuation.
• Price Sensitivity: Repurchases have been executed at prices around GBP 10.74 to GBP 10.92, reflecting management’s perceived value of the shares.
• Moratorium on New Issues: Investors should note the moratorium period until 11 December 2025, during which the company cannot issue new shares or sell/transfer treasury shares on the market, which may limit supply and impact liquidity and price behaviour in the near term.
• Mandate Utilisation: About 18% of the repurchase mandate has already been used, demonstrating a significant commitment to the buyback strategy.

Potential Price Impact

The ongoing reduction of issued shares through buybacks and cancellations is typically viewed positively by markets, as it can support share prices and reward existing shareholders via EPS accretion. The relatively high volume and price points at which shares are being repurchased may indicate management’s belief that shares are undervalued at current levels.

Additionally, the moratorium on new share issues or treasury share sales until mid-December could constrain supply, potentially lending further support to the share price during this period.

Additional Information

• No treasury shares were sold during the reporting period.
• All repurchases were made on the London Stock Exchange in accordance with domestic rules.
• Report submitted by: Florence Ng Wai Yin, Deputy Group Secretary.

Disclaimer: This article is based on publicly disclosed regulatory filings. Investors should conduct their own due diligence and consult professional advisers before making investment decisions. Share repurchases are not a guarantee of future share price performance and may be influenced by market conditions and company strategy.

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