Prudential plc Announces Recent Share Repurchase Activities

Date of Disclosure: 24 November 2025

Issuer: Prudential plc (Stock Code: 02378, Ordinary Shares of GBP 0.05 each)

Key Highlights from the Report

• Significant Share Repurchase: Prudential plc has conducted a series of share repurchases, with 301,351 ordinary shares repurchased and cancelled on 21 November 2025. These actions directly reduce the company’s issued share capital, which can positively impact earnings per share and potentially support the share price.
• Repurchase Pricing: The shares were repurchased at a volume-weighted average price of GBP 10.4352 per share on 19 November 2025 and cancelled on 21 November 2025. Additional shares were repurchased on 21 November 2025 at prices ranging from GBP 10.3 to GBP 10.43 per share, totaling an aggregate consideration of GBP 2,954,851.68.
• Ongoing Cancellations: At the time of the report, a further 275,076 shares (repurchased on 20 November 2025 at GBP 10.5196 per share) and 284,632 shares (repurchased on 21 November 2025 at GBP 10.3813 per share) had been bought for cancellation but not yet cancelled. This means the company’s issued share count will be further reduced once cancellation is completed.
• Reduction in Issued Shares: Following these transactions, the total number of issued shares (excluding treasury shares) decreased from 2,557,509,480 to 2,557,208,129 as of 21 November 2025.
• Mandate Utilization: Prudential was authorized to repurchase up to 262,668,701 shares under a mandate approved on 14 May 2025. As of the latest update, 49,786,456 shares have been repurchased under this mandate, representing 1.91% of the company’s issued share capital at the mandate date.
• Moratorium Period: There is a moratorium in place prohibiting Prudential from issuing new shares or selling/ transferring treasury shares until 21 December 2025, except as allowed under specific exemptions. This restricts share dilution for at least the next month.
• No On-Market Sale of Treasury Shares: The report confirms that no treasury shares have been sold on the market during this reporting period.

Investor Implications

• Price Sensitivity: The ongoing reduction in issued share capital through repurchases and cancellations is generally viewed as shareholder-friendly, as it can enhance earnings per share and signal management’s confidence in the company’s intrinsic value. This corporate action may positively influence the share price in the near term.
• Capital Management: The significant use of the repurchase mandate (over 49 million shares repurchased) demonstrates active capital management and a commitment to returning value to shareholders.
• Moratorium Impact: The restriction on new share issuance or treasury share sales until 21 December 2025 could reduce the risk of share dilution in the short term, which may also be supportive of the current share price.
• Ongoing Repurchase Activity: Investors should monitor further disclosures for additional share cancellations, as shares repurchased but not yet cancelled remain part of the issued capital until the cancellation process is complete.

Summary Table

What Should Shareholders Watch For?

Shareholders should note the continued execution of the buyback mandate and the company’s ongoing commitment to reducing share capital. This may support the share price in the short to medium term. The enforced moratorium on new share issues or treasury share sales further boosts the attractiveness of shares for existing investors by guarding against dilution.

Any updates regarding additional share cancellations or further repurchase activities should be closely monitored, as these can continue to affect the company’s capital structure and potentially impact share value.

Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions regarding Prudential plc. The information in this article is based solely on the latest regulatory filing and may be subject to change without notice.

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