Prudential plc Announces Share Repurchases and Cancellations

Key Developments in Issued Shares

• Issuer: Prudential plc
• Date of Announcement: 17 November 2025
• Class of Shares: Ordinary shares of GBP 0.05 each
• Stock Exchange Code: 02378
• Listing: Hong Kong Stock Exchange

Summary of Share Repurchase Activity

Prudential plc has executed a series of share repurchases, which are significant corporate actions investors should be aware of. The company repurchased and cancelled a total of 293,490 ordinary shares on 14 November 2025, at a volume-weighted average price of GBP 10.9104 per share. This represents approximately 0.011469% of the company’s issued share capital prior to the event.

Following this transaction, the total number of issued shares dropped from 2,558,931,723 to 2,558,638,233. No treasury shares were held at either the opening or closing balance.

Shares Pending Cancellation

• Shares repurchased for cancellation but not yet cancelled as of 13 November 2025: 275,012 shares at GBP 10.9434 per share (0.010747% of issued shares).
• Shares repurchased for cancellation but not yet cancelled as of 14 November 2025: 273,186 shares at GBP 10.7159 per share (0.010676% of issued shares).

These shares remain part of the issued share count until the cancellation is settled, but their removal will further reduce the company’s outstanding equity.

Details of Repurchase Transactions

• Repurchase Date: 14 November 2025
• Number of shares repurchased: 273,186
• Method: On another stock exchange (London Stock Exchange)
• Repurchase Price Range: GBP 10.62 to GBP 10.795 per share
• Total Amount Paid: GBP 2,927,435.36
• Purpose: All shares repurchased were to be cancelled; none were held as treasury shares.

Repurchase Mandate Details

• Date of Share Repurchase Mandate Approval: 14 May 2025
• Total Shares Authorized for Repurchase: 262,668,701
• Total Shares Repurchased to Date under Mandate: 48,344,842
• Percentage of Issued Shares Repurchased: 1.856148% (relative to shares outstanding at mandate date)
• Moratorium Period: No new issue of shares, sale, or transfer of treasury shares until 14 December 2025 (30 days after last repurchase).

Potential Impact for Shareholders

Share repurchases and cancellations are typically considered price sensitive as they reduce the total number of shares outstanding, potentially boosting earnings per share (EPS) and signaling management confidence in the company’s value. The restriction on new share issuance or sale/transfer of treasury shares until 14 December 2025 may also affect liquidity and capital raising activities during that period.

The relatively high prices paid for the repurchases (over GBP 10.62 per share) may signal management’s belief that the shares are undervalued, or a desire to return capital to shareholders. Investors should monitor Prudential plc’s ongoing buyback activity, as substantial buybacks can support the share price.

No sale of treasury shares was reported during this period.

Important Notes for Investors

• Share cancellations will further reduce the outstanding share count once settlement is complete.
• The company’s buyback activity is within its authorized mandate and complies with relevant stock exchange rules.
• A 30-day moratorium is in place on new share issues or treasury share transactions, which may impact near-term capital market activities.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making any investment decisions regarding Prudential plc or its securities.

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