Prudential plc Executes Share Repurchase and Cancellation Program in January 2026

Key Highlights for Investors

• Issuer: Prudential plc (Stock code: 02378, Ordinary shares of GBP 0.05 each)
• Major Share Repurchase: Prudential plc has repurchased and cancelled a significant number of its ordinary shares as part of its ongoing buyback program.
• Recent Changes in Issued Share Capital:
• As of 12 January 2026: 2,547,238,783 ordinary shares in issue, 0 treasury shares.
• On 13 January 2026: 330,946 shares repurchased and cancelled, representing approximately 0.013% of the issued share capital prior to the repurchase.
• Closing balance as at 13 January 2026: 2,546,907,837 ordinary shares in issue, 0 treasury shares.

Details of Share Repurchases

• Repurchase Dates and Volumes:
• 9 January 2026 (cancelled on 13 January 2026): 330,946 shares at GBP 11.5684 per share (volume-weighted average price).
• 12 January 2026 (repurchased for cancellation but not yet cancelled as of 13 January): 325,688 shares at GBP 11.6025 per share.
• 13 January 2026 (repurchased for cancellation but not yet cancelled as of 13 January): 313,214 shares at GBP 11.7407 per share.
• Aggregate Price Paid: For the 313,214 shares repurchased on 13 January 2026 on the London Stock Exchange, the company paid an aggregate of GBP 3,677,347.16, with prices ranging from GBP 11.675 to GBP 11.84 per share.
• Location of Repurchase: Repurchases were conducted on the London Stock Exchange, not on the Hong Kong Stock Exchange.
• Repurchase Mandate:
• The current repurchase mandate was granted on 14 May 2025.
• Prudential is authorised to repurchase up to 262,668,701 shares under this mandate.
• To date, 60,171,104 shares have been repurchased under this authority, representing approximately 2.31% of the issued share capital as at the date the mandate was granted.

Important Information for Shareholders

• Moratorium Period: After these latest share repurchases, there is a moratorium period during which Prudential plc cannot issue new shares, or sell or transfer treasury shares, until 12 February 2026, unless prior approval is granted by the Exchange. This restriction is in accordance with the Hong Kong Listing Rules and may affect the company’s flexibility in capital management and strategic transactions in the coming weeks.
• No Sales of Treasury Shares: The company confirms that no sales of treasury shares have taken place during this reporting period.
• Price Sensitivity: The ongoing share repurchase and cancellation program reduces the number of shares in circulation, which may result in an increase in earnings per share (EPS) and potentially enhance shareholder value. The relatively high volume and value of shares being repurchased and cancelled could be interpreted as a positive signal by the market regarding the company’s confidence in its own value and its commitment to returning capital to shareholders.
• Transparency and Compliance: All repurchases made on external exchanges (specifically the London Stock Exchange) have been conducted in accordance with the relevant domestic regulations.

What Investors Should Watch

• Share repurchase programs are often viewed positively by the market as they can be accretive to earnings per share and signal management’s confidence in the company’s prospects.
• The size and frequency of Prudential’s buybacks, as well as the restriction on new issuances until mid-February, may influence short-term price movements and trading liquidity.
• Investors should monitor for further disclosures from Prudential regarding any additional share repurchases, cancellations, or capital management initiatives that could impact the share price in the near future.

Conclusion

Prudential plc continues to actively manage its capital structure through significant share repurchases and cancellations. The company’s ongoing commitment to returning capital to shareholders, combined with the temporary freeze on new share issuances, are key developments that current and prospective investors should consider when evaluating the company’s shares. These actions may have a material impact on Prudential’s share price and overall market performance.

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 investment decisions. The author and publisher accept no responsibility for any loss arising from reliance on the information provided above.

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