Prudential plc Announces Significant Share Repurchase Activity

Key Highlights from Latest Disclosure

• Issuer: Prudential plc (Stock code: 02378)
• Share Class: Ordinary shares of GBP 0.05 each
• Date of Disclosure: 26 November 2025
• Repurchase Activity: Multiple share repurchases and cancellations on 21, 24, and 25 November 2025
• Total Shares Cancelled: 284,632 shares repurchased on 21 November 2025 and cancelled on 25 November 2025
• Repurchase Price: GBP 10.3813 per share (volume-weighted average)
• Closing Balance: 2,556,648,421 shares in issue as at 25 November 2025

Detailed Share Repurchase Breakdown

Prudential plc has executed a series of share repurchases, which are potentially price sensitive and may impact the share value. The latest round of repurchases included:

• Shares repurchased and cancelled:
  • 284,632 shares repurchased on 21 November 2025 and cancelled on 25 November 2025
  • Repurchase price: GBP 10.3813 per share
  • Represents approximately 0.011132% of the issued shares prior to the event
• Shares repurchased for cancellation but not yet cancelled as at closing balance:
  • 294,559 shares repurchased on 24 November 2025 at GBP 10.539 per share
  • 281,794 shares repurchased on 25 November 2025 at GBP 10.5664 per share

Repurchase Details on London Stock Exchange

• Trading Date: 25 November 2025
  Shares Repurchased: 281,794
  Repurchase Price Range: GBP 10.45 – GBP 10.625
  Aggregate Price Paid: GBP 2,977,549.62
  Repurchase Method: On London Stock Exchange

Shareholder Mandate & Limits

• Repurchase Mandate Date: 14 May 2025
• Total Shares Authorized for Repurchase under Mandate: 262,668,701
• Total Shares Repurchased to Date: 50,362,809 (1.93% of shares outstanding as at mandate date)
• Moratorium Period: Prudential plc is restricted from issuing new shares or selling/transferring treasury shares until 25 December 2025, following these repurchases.

Potential Impact on Shareholders and Share Price

The ongoing buyback program reduces the total number of shares in circulation, which can potentially increase the earnings per share (EPS) and may support or lift the share price, particularly if the buybacks are perceived as a sign of management’s confidence in the company’s value. The buyback prices, which are above GBP 10.45 per share, may also signal that management believes the shares are undervalued at recent market prices.

The moratorium period is significant for investors, as it prevents any new share issuance or treasury share sales for 30 days, adding short-term scarcity and potential support for the share price.

Other Noteworthy Points

• No treasury shares are being held; all repurchased shares are being cancelled.
• No sales of treasury shares have occurred or are planned as per this disclosure.
• All repurchases on the London Stock Exchange were done in accordance with local rules.

Conclusion

Prudential plc’s active buyback program and the cancellation of shares are key developments for shareholders. These actions may influence the share price positively by reducing supply and demonstrating management’s commitment to returning value to investors. The moratorium on new share issuance further supports the potential for short-term share price stability.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consider their own financial situation and consult professional advisors before making any investment decisions related to Prudential plc or its securities.

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