Prudential plc Completes Share Repurchase Programme to Neutralise 2025 Scrip Dividend Share Issuances

Key Points for Investors

• Completion of Share Buyback: Prudential plc has completed its share repurchase programme, which was specifically implemented to neutralise the dilution from the 2025 scrip dividend share issuances.
• Programme Details: The share repurchase programme was announced and commenced on 15 December 2025 and has now concluded.
• Volume and Value: A total of 2,197,669 ordinary shares were repurchased at a volume-weighted average price of 1,118.2830 pence per share, amounting to an aggregate consideration of approximately £24.6 million.
• Listings: Prudential plc is dual-listed on the Hong Kong Stock Exchange (HKEX: 2378) and the London Stock Exchange (LSE: PRU), with secondary listings on the Singapore Stock Exchange (SGX: K6S) and the New York Stock Exchange (NYSE: PUK) via American Depositary Receipts.
• Index and Trading Programme Inclusions: The company is a constituent of the Hang Seng Composite Index and is included for trading in both the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programmes.
• Company Focus: Prudential operates primarily in Greater China, ASEAN, India, and Africa, focusing on life and health insurance as well as asset management.
• Board Composition: The announcement reaffirms the current composition of the Board of Directors, led by Chair Shriti Vadera and CEO Anil Wadhwani, alongside a roster of experienced independent non-executive directors.

Implications and Potential Impact for Shareholders

• Neutralising Share Dilution: The completion of this share repurchase programme is a strategic move to offset the dilution effects caused by the scrip dividend issued in 2025. By buying back and cancelling shares equivalent to the new shares issued under the scrip dividend, Prudential helps maintain earnings per share (EPS) and shareholder value.
• Potential Price Sensitivity: The repurchase of shares often signals management’s confidence in the company’s intrinsic value and future prospects. It can be interpreted as a shareholder-friendly initiative and may be viewed positively by the market, potentially supporting or enhancing the share price.
• Capital Allocation: The use of approximately £24.6 million for the repurchase demonstrates prudent capital management, reflecting the company’s ongoing commitment to delivering value to shareholders.
• Liquidity and Trading: Inclusion in major indices and trading programmes (such as the Hang Seng Composite Index, Shanghai-Hong Kong Stock Connect, and Shenzhen-Hong Kong Stock Connect) ensures continued high liquidity and accessibility for both institutional and retail investors.
• Corporate Identity: Prudential plc clarifies that it is not affiliated with Prudential Financial, Inc. (U.S.) or The Prudential Assurance Company Limited (a subsidiary of M&G plc, U.K.), ensuring there is no investor confusion regarding corporate identity.

Contact Information

Media Enquiries:
Simon Kutner: +44 (0)7581 023260
Sonia Tsang: +852 5580 7525
Ming Hau: +44 20 3977 9293
Bosco Cheung: +852 2918 5499
Tianjiao Yu: +852 2918 5487

Investor/Analyst Enquiries:
Patrick Bowes: +852 9611 2981
William Elderkin: +44 (0)20 3977 9215

Conclusion

The completion of the share repurchase programme to neutralise the 2025 scrip dividend share issuances reflects Prudential plc’s proactive approach to capital management and shareholder value protection. Shareholders should note the potential for positive market sentiment arising from the company’s confidence in its long-term growth and operational stability in its core markets across Asia and Africa.

Disclaimer: The information above is based on the official announcement released by Prudential plc and is intended for informational purposes only. It does not constitute investment advice. Investors are advised to consult their financial advisers before making investment decisions based on this information. The reporter and publisher take no responsibility for any actions taken based on this article.

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