Prudential plc Announces Share Repurchase Activities and Updates on Issued Shares

Key Highlights from the Latest Disclosure Report

• Prudential plc has executed a series of share repurchases and cancellations, impacting its total number of issued shares.
• The company provided detailed updates on repurchases made, prices paid, and the current status of both issued and treasury shares.
• A moratorium period is in effect for new share issuances or treasury share sales following the repurchases.

Details of Issued Shares and Recent Changes

As of 12 December 2025, Prudential plc had an opening balance of 2,553,059,551 ordinary shares (GBP 0.05 each) listed on the Hong Kong Stock Exchange. On 15 December 2025, the company completed the cancellation of 274,502 repurchased shares, reducing the total number of issued shares to 2,552,785,049. No shares are currently held as treasury shares.

Ongoing Share Repurchases for Cancellation

The company has also disclosed several batches of shares repurchased but not yet cancelled as of the reporting date:

• 278,229 shares repurchased on 12 December 2025 at a volume-weighted price of GBP 10.7929 per share.
• 288,339 shares repurchased on 15 December 2025 at a volume-weighted price of GBP 11.0378 per share.
• 492,068 shares repurchased on 15 December 2025 under the “Repurchase Programme to neutralise 2025 share issuances for scrip dividend” at a volume-weighted price of GBP 11.0354 per share.

These shares will be cancelled upon settlement and are expected to further reduce the total number of issued shares.

Detailed Repurchase Transactions

On 15 December 2025, Prudential plc executed two substantial repurchase transactions on the London Stock Exchange:

• 288,339 shares were repurchased at prices ranging from GBP 10.845 to GBP 11.115, totalling GBP 3,182,629.71.
• 492,068 shares were repurchased at prices ranging from GBP 10.85 to GBP 11.115, totalling GBP 5,430,149.02.

In total, 780,407 shares were repurchased for cancellation on that date, with no shares being held as treasury shares. The aggregate price paid for these repurchases was GBP 8,612,778.73.

Repurchase Mandate and Moratorium Period

The share repurchase activities are conducted under a mandate approved on 14 May 2025, authorizing Prudential plc to repurchase up to 262,668,701 shares. As of the date of this report, the company has repurchased 54,709,014 shares under this mandate, representing 2.10% of the issued shares (excluding treasury shares) as at the mandate date.

Important for shareholders: Following these repurchases, there is a moratorium period in effect until 14 January 2026. During this period, Prudential plc is restricted from issuing new shares or selling/transferring any treasury shares without prior approval from the Exchange. This restriction is in line with regulatory requirements and is important for investors to note, as it may have an impact on the company’s share liquidity in the short term.

Potential Impact on Shareholders and Share Price

• Reduction in share count: The ongoing share repurchase and cancellation programme will reduce the total number of outstanding Prudential plc shares, potentially resulting in a higher earnings per share (EPS) and enhancing shareholder value.
• Repurchase prices: The company’s willingness to repurchase shares at prices around GBP 11.00 signals confidence in its valuation and prospects, which may be viewed positively by the market.
• Moratorium period: The restriction on new share issuance or treasury share sales could support the share price by limiting dilution and supply in the market for the next 30 days.
• Ongoing capital management: The repurchase programme, including efforts to neutralise scrip dividend issuances, demonstrates active capital management and a focus on shareholder returns.

Additional Information

The report was submitted by Florence Ng Wai Yin, Deputy Group Secretary of Prudential plc.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a professional advisor before making any investment decisions. The information is based on recent public disclosures by Prudential plc and may be subject to change without notice.

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