Prudential plc Announces Share Repurchases and Changes in Issued Share Capital

Key Points from the Official Disclosure

• Share Repurchase and Cancellation: Prudential plc has repurchased and cancelled a total of 283,890 ordinary shares of GBP 0.05 each. These shares were repurchased on 26 November 2025 and cancelled on 28 November 2025, at a volume-weighted average price of GBP 10.7809 per share.
• Post-Repurchase Share Capital: After this repurchase and cancellation, the total number of issued shares (excluding treasury shares) as at 28 November 2025 stands at 2,555,788,178.
• Shares Pending Cancellation: An additional 549,217 shares (257,088 repurchased on 27 November and 292,129 on 28 November) have been repurchased for cancellation but were not yet cancelled as of the reporting date. The repurchase prices for these were respectively GBP 10.906 and GBP 10.908 per share.
• Recent Repurchase on London Stock Exchange: On 28 November 2025, Prudential repurchased 292,129 ordinary shares on the London Stock Exchange, at prices ranging from GBP 10.845 to GBP 10.95 per share, for an aggregate price of GBP 3,186,544.63.
• Repurchase Mandate Details:
  • The company was authorised by a shareholder resolution on 14 May 2025 to repurchase up to 262,668,701 shares.
  • To date, 51,195,916 shares have been repurchased under this mandate, representing 1.97% of the issued share capital as at the date of the resolution.
• Moratorium Period: Following these repurchases, Prudential is subject to a moratorium on any new issue of shares, or sale or transfer of treasury shares, until 28 December 2025 unless prior approval from the Exchange is obtained.

Important Information for Shareholders

• Impact on Share Capital: The active share repurchase and cancellation program reduces the total number of shares in issue, which can enhance earnings per share and potentially support the share price, assuming net profits remain stable or improve.
• Use of Authority: The company is actively utilising its buyback authority, which may signal management’s confidence in the company’s valuation and future prospects.
• Price Sensitivity: The repurchase prices (GBP 10.7809 to GBP 10.95) may act as a near-term price floor, reflecting management’s view of intrinsic value and providing a signal to the market.
• Liquidity and Corporate Actions: The moratorium on further share issues or treasury share sales until 28 December 2025 limits the company’s flexibility for capital raising or restructuring in the short term.
• Ongoing Buybacks: With nearly 80% of the buyback mandate still available, further repurchases may take place, which could continue to support share price and signal ongoing management confidence.

Additional Details

• All repurchases disclosed were made on the London Stock Exchange and were in compliance with relevant domestic regulations.
• No treasury shares have been held or sold during this period, and all repurchased shares are being cancelled, not held in treasury.

Investor Takeaways

Prudential plc’s ongoing share repurchase and cancellation program is a significant factor for investors to watch. With substantial authority remaining under the buyback mandate and management actively deploying capital for buybacks at current market prices, this could be supportive for the company’s share price and may impact supply-demand dynamics in the market. Shareholders should also be aware of the temporary moratorium on new share issues and treasury sales, which may affect capital management flexibility in the short term.

These developments are price-sensitive and should be considered in any investment decision involving Prudential plc shares.

Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence or consult a qualified financial advisor before making investment decisions.

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