Prudential plc Announces Repurchase and Cancellation of Ordinary Shares

Key Highlights from Regulatory Disclosure

• Date of Disclosure: 27 November 2025
• Issuer: Prudential plc (Stock Code: 02378)
• Type of Shares: Ordinary shares of GBP 0.05 each, listed on the Hong Kong Stock Exchange
• Significant Share Repurchase Activity:
  • Shares Repurchased and Cancelled: 294,559 shares were repurchased on 24 November 2025 and cancelled on 26 November 2025 at a volume-weighted average price of GBP 10.539 per share.
  • Closing Balance of Issued Shares (post-cancellation as of 26 November 2025): 2,556,353,862 shares.
• Shares Repurchased for Cancellation But Not Yet Cancelled:
  • 281,794 shares repurchased on 25 November 2025 at an average price of GBP 10.5664 per share.
  • 283,890 shares repurchased on 26 November 2025 at an average price of GBP 10.7809 per share.
• Total Shares Repurchased Under Current Mandate: 50,646,699 shares, which is 1.94% of the issued shares as at the date of the repurchase mandate (14 May 2025).
• Total Number of Shares Authorised for Repurchase Under Mandate: 262,668,701 shares.
• Aggregate Price Paid for Repurchase on 26 November 2025: GBP 3,060,591.20 (with prices ranging from GBP 10.605 to GBP 10.83 per share, executed on the London Stock Exchange).
• Moratorium Period: Prudential plc will not issue new shares, or sell or transfer any treasury shares, until 26 December 2025 (30 days after the repurchase).

Implications for Shareholders and Potential Impact on Share Price

The ongoing share buyback program signifies Prudential plc’s confidence in its intrinsic value and commitment to shareholder returns. By reducing the number of issued shares through repurchases and cancellations, each remaining share represents a larger ownership stake in the company, potentially enhancing earnings per share (EPS) and supporting the share price.

The buybacks are being conducted at prices above GBP 10.50 per share, indicating management’s willingness to allocate substantial capital to support the share price at these levels. Over 50 million shares have already been repurchased and cancelled under the current mandate, with authorization for up to 262 million shares, suggesting further buybacks may occur.

The 30-day moratorium on new share issuance or sale of treasury shares (until 26 December 2025) ensures stability in the company’s capital structure following these buybacks, which may also influence market sentiment positively regarding the company’s commitment to capital discipline.

The share repurchases may be viewed as price sensitive information, as they could lead to an upward re-rating of the share price, especially if the market interprets these actions as a sign of undervaluation or strong capital position.

Other Important Details

• All repurchase transactions were executed on the London Stock Exchange and complied with the relevant domestic rules.
• No sales of treasury shares have occurred during this reporting period.
• The disclosure was submitted by Florence Ng Wai Yin, Deputy Group Secretary.

Investor Takeaway

Prudential plc’s active buyback program and share cancellation may provide upward support to the share price, improve per-share financial metrics, and signal management’s positive outlook. Investors should monitor further buyback activity as well as any subsequent updates following the moratorium period ending 26 December 2025.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult professional advisors before making investment decisions.

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