Prudential plc Announces Share Repurchases and Changes in Issued Share Capital

Key Highlights for Investors

• Prudential plc has executed a share repurchase program, resulting in a reduction of its issued share capital.
• 316,603 ordinary shares were repurchased and cancelled on 8 January 2026, reducing the issued share capital by approximately 0.0124%.
• Additional shares repurchased for cancellation but not yet cancelled as of 8 January 2026 total 658,393 shares (split across 7 and 8 January), at an average price around GBP 11.67 per share.
• The total number of issued shares following the cancellation is 2,547,897,176.
• The share buybacks are part of a broader repurchase mandate authorized on 14 May 2025, allowing for up to 262,668,701 shares to be repurchased.
• As of the date of this report, Prudential plc has repurchased 59,201,256 shares under this mandate, representing approximately 2.27% of the company’s issued share capital at the time of the mandate.
• No treasury shares are being held; all repurchased shares are for cancellation.
• A 30-day moratorium is in effect until 7 February 2026, during which Prudential cannot issue new shares or sell/transfer any treasury shares without specific exchange approval.

Details of the Share Repurchase Program

On 8 January 2026, Prudential plc completed a repurchase and cancellation of 316,603 ordinary shares of GBP 0.05 each. This transaction was conducted as part of the company’s ongoing share buyback program. The repurchase represented a reduction of approximately 0.0124% of the company’s issued share capital.

In addition to the shares already cancelled, Prudential reported that 327,116 shares repurchased on 7 January 2026 and 331,277 shares repurchased on 8 January 2026 are pending cancellation. The average repurchase prices for these transactions were GBP 11.7285 and GBP 11.6085 per share, respectively.

Impact on Share Capital

• Pre-event issued shares: 2,548,213,779
• Shares cancelled (8 Jan 2026): 316,603
• Post-event issued shares: 2,547,897,176
• Current treasury shares: 0 (Prudential does not hold any treasury shares)

The repurchased and cancelled shares reduce the total supply of Prudential plc shares, potentially increasing earnings per share (EPS) and enhancing shareholder value.

Mandate and Moratorium Details

The current share buyback program is backed by a shareholder mandate dated 14 May 2025, authorizing the company to repurchase up to 262,668,701 shares. As of this disclosure, Prudential has bought back 59,201,256 shares, or 2.27% of the issued share capital at the time of the mandate.

Importantly, following these buybacks, Prudential is subject to a 30-day moratorium (until 7 February 2026) on any new share issues or treasury share sales/transfers, unless prior approval is obtained from the Hong Kong Stock Exchange. This restriction is designed to prevent market manipulation around share repurchase periods, and shareholders should be aware that no new shares can be issued, and no treasury shares can be sold or transferred during this period.

Potential Price-Sensitive Information for Shareholders

• The ongoing share repurchase program and reduction in issued share capital may positively impact the company’s share price by increasing the EPS and signaling management’s confidence in the company’s intrinsic value.
• The moratorium period may affect the company’s ability to raise equity or conduct other capital market operations in the short-term.

Additional Notes

• All repurchases disclosed in this report were conducted on the London Stock Exchange, not on the Hong Kong Stock Exchange.
• No on-market sale of treasury shares occurred during this reporting period.
• All repurchased shares are for cancellation, not for holding as treasury shares.

Conclusion

Investors should note that Prudential’s active share repurchase program and the reduction in outstanding shares could be price-sensitive, potentially supporting the share price. The moratorium on new issues or treasury share sales adds additional context for upcoming corporate actions. Continued monitoring of Prudential’s repurchase activity and its impact on the capital structure is recommended for all shareholders.

Disclaimer: The above article is based on publicly disclosed regulatory filings and is provided for informational purposes only. It does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making any investment decisions.

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