Key Points from the Latest Next Day Disclosure Return

• Share Buyback Activity: Prudential plc repurchased and cancelled a significant number of shares on 8 December 2025, with the cancellation occurring on 10 December 2025. This involved 275,565 ordinary shares at a volume-weighted average price of GBP 11.0553 per share.
• Share Issuance under Share Scheme: The company issued 550 new ordinary shares as a result of employees exercising options under the Prudential Sharesave Plan 2023, at a price of GBP 7.63 per share.
• Outstanding Repurchases Pending Cancellation: As of 10 December 2025, there are two batches of shares repurchased for cancellation but not yet cancelled:
  • 268,193 shares at GBP 10.9906 per share (repurchased on 9 December 2025)
  • 274,540 shares at GBP 10.8469 per share (repurchased on 10 December 2025)
• Repurchase Report Details:
  • On 10 December 2025, 274,540 shares were repurchased on the London Stock Exchange, at prices ranging from GBP 10.795 to GBP 10.94 per share, totalling GBP 2,977,909.43.
  • All repurchased shares are intended for cancellation; none were held as treasury shares.
• Share Repurchase Mandate:
  • The share repurchase mandate was approved by shareholders on 14 May 2025.
  • Under the mandate, Prudential is authorised to repurchase up to 262,668,701 shares.
  • To date, 53,375,876 shares have been repurchased under this mandate, representing 2.049309% of the issued shares as at the date of the mandate.
• Moratorium on New Issues: Following the share repurchases, there is a 30-day moratorium (up to 9 January 2026) during which Prudential cannot issue new shares or sell/transfer treasury shares without prior approval from the Exchange.
• No On-Market Sale of Treasury Shares: The company did not conduct any sale of treasury shares on any exchange during this reporting period.

Important Information for Shareholders

• Impact on Share Capital: The buybacks and cancellations reduce the number of outstanding shares, which can potentially increase earnings per share (EPS) and may support the share price.
• Share Price Sensitivity: The repurchase prices were above GBP 10.79, indicating management’s confidence in the company’s valuation and future prospects.
• Shareholder Value: Buybacks and reduced share count typically signal a return of capital to shareholders and may be seen as a positive sign for long-term investors.
• Limited Short-term Dilution Risk: Only a small number of shares (550) were issued under share schemes, resulting in minimal dilution.
• Pending Cancellations: Investors should note the outstanding shares pending cancellation, which will further lower the share count once completed.
• Regulatory Compliance: All transactions were authorised by the Board and conducted in compliance with all relevant rules and regulations.
• Trading Window: The moratorium period restricts the company’s ability to issue new shares until 9 January 2026, which may affect short-term liquidity events.

Investor Takeaway

Prudential plc’s active share buyback and cancellation program, along with modest new share issuance under employee share schemes, reflect a disciplined approach to capital management. The reduction in outstanding shares can be supportive of the share price, while the buyback prices signal management’s confidence in the company’s valuation. With over 53 million shares repurchased to date under the current mandate, shareholders should monitor the continued execution of the buyback plan and its effects on per-share metrics.

The upcoming moratorium period also means no new share issuance or treasury share sales until 9 January 2026, an important consideration for investors tracking potential dilution or capital raising activities.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. The information presented is based on official company disclosures as of the date indicated and may be subject to change.

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