Prudential plc Announces Significant Share Repurchase Activity

Key Points from the Disclosure Return

• Issuer: Prudential plc
• Date of Submission: 20 November 2025
• Class of Shares: Ordinary shares of GBP 0.05 each (Stock code: 02378)
• Listing: Shares are listed on the Hong Kong Stock Exchange

Details of Share Repurchase Activities

Prudential plc has recently engaged in a series of share repurchase transactions, including the cancellation of repurchased shares, which are likely to be of interest to shareholders and market participants.

1. Share Repurchase and Cancellation

• Date of Repurchase: 17 November 2025
• Date of Cancellation: 19 November 2025
• Number of Shares Repurchased and Cancelled: 279,010
• Repurchase Price (Volume-Weighted Average): GBP 10.7306 per share
• Resulting Closing Balance of Issued Shares: 2,557,811,025 (down from 2,558,090,035)
• Percentage Change in Issued Shares: 0.010907%

2. Shares Repurchased for Cancellation but Not Yet Cancelled

• 18 November 2025: 301,545 shares at GBP 10.4065 per share
• 19 November 2025: 301,351 shares at GBP 10.4352 per share
• These shares remain part of the issued shares as at the closing balance date but will be cancelled upon settlement.

3. Repurchase Report Details

• Trading Date: 19 November 2025
• Number of Shares Repurchased: 301,351
• Method of Repurchase: On the London Stock Exchange (not on the Hong Kong Exchange)
• Price Range: GBP 10.375 to GBP 10.49 per share
• Total Aggregate Price Paid: GBP 3,144,659.46
• All Shares Repurchased for Cancellation: 301,351

4. Repurchase Mandate and Limits

• Repurchase Mandate Approved: 14 May 2025
• Total Number of Shares Authorized for Repurchase: 262,668,701
• Shares Repurchased to Date under Mandate: 49,226,748
• Percentage of Issued Shares (as of mandate date): 1.890008%
• Moratorium on New Issues/Sales: No new issue of shares, sale, or transfer of treasury shares is permitted until 19 December 2025 without prior approval from the Exchange.

Key Implications for Shareholders

• Share Buyback Indicates Management Confidence: The continued repurchase and cancellation of shares signals management’s confidence in the company’s valuation and future prospects.
• Potential Impact on Share Price: Share repurchases generally reduce the number of outstanding shares, potentially increasing earnings per share and supporting the share price.
• Moratorium Period: Investors should note the 30-day moratorium on any new share issuance or treasury share sale, which may reduce dilution risk and provide additional share price support in the short term.
• Volume of Repurchases: Nearly 49.2 million shares have been repurchased to date under the current mandate, representing a material reduction in share capital.
• Repurchases Conducted on London Stock Exchange: This highlights Prudential’s multi-jurisdictional trading activity and may be of interest to global investors.

Additional Notes for Investors

• The repurchase prices paid recently (GBP 10.4065 – GBP 10.7306) can serve as a reference point for investors regarding management’s perceived value of the shares.
• The ongoing buyback program and cancellation of shares are likely to be viewed positively by the market, as they demonstrate both capital return to shareholders and prudent capital management.
• No treasury shares have been repurchased for holding; all repurchased shares are scheduled for cancellation, directly reducing the share count.

Conclusion

Prudential plc’s recent share buyback actions and the moratorium on new share issuance or treasury share sales are significant developments for shareholders. These measures reflect management’s commitment to enhancing shareholder value and maintaining capital efficiency. Investors should monitor further repurchase disclosures and be aware of the moratorium period, as these factors can influence share price dynamics in the coming weeks.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a professional advisor before making any investment decisions. The author and publisher are not liable for any losses arising from the use of this information.

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