Prudential plc Announces Recent Share Repurchases and Changes in Issued Share Capital

Date: 16 January 2026
Issuer: Prudential plc
Stock Code: 02378 (HKEX)
Class of Shares: Ordinary shares of GBP 0.05 each

Key Points from the Disclosure Return

• Share Repurchase and Cancellation:
  • On 13 January 2026, Prudential plc repurchased 313,214 ordinary shares, which were subsequently cancelled on 15 January 2026 at an average price of GBP 11.7407 per share.
  • As a result, the total number of issued shares decreased to 2,546,269,032 as of 15 January 2026.
  • The reduction represents approximately 0.0123% of the issued share capital prior to the repurchase.
• Further Repurchases Pending Cancellation:
  • 323,575 shares repurchased on 14 January 2026 at GBP 11.7769 per share, and 307,940 shares repurchased on 15 January 2026 at GBP 11.8943 per share, are yet to be cancelled as of the reporting date.
• Repurchase Details on Other Exchanges:
  • On 15 January 2026, 307,940 shares were repurchased on the London Stock Exchange at prices ranging from GBP 11.78 to GBP 11.965, for a total cost of GBP 3,662,744.25.
• Repurchase Mandate and Limits:
  • The repurchase mandate, granted on 14 May 2025, authorises the company to repurchase up to 262,668,701 shares.
  • As of the reporting date, the company has repurchased 60,802,619 shares under this mandate, representing 2.33% of the issued shares as at the date of the resolution.
• Moratorium on Issuance:
  • Following the recent share repurchase, a moratorium period is in place until 14 February 2026, during which Prudential plc cannot issue new shares or sell/transfer treasury shares without the prior approval of the Exchange.

Important Information for Shareholders

• Share Capital Reduction: The ongoing repurchase and cancellation of shares will reduce the total number of Prudential plc shares in issue. This can increase the relative ownership percentage of remaining shareholders and potentially support the share price by signalling management’s confidence and efficient capital allocation.
• Price Sensitivity: The repurchases were made at prices around GBP 11.78–11.97, indicating management’s view on the intrinsic value of the company. The scale of the repurchase, while modest relative to total capital, reflects an ongoing commitment to returning value to shareholders.
• Moratorium Period: Investors should note the 30-day moratorium on new share issues or treasury share sales, effective until 14 February 2026. This restriction may limit any equity dilution in the near term, which could be viewed positively by existing shareholders.
• Buyback Programme Utilisation: Only 2.33% of the authorised buyback mandate has been utilised, suggesting substantial capacity remains for further repurchases, which could continue to support the share price.
• Compliance Assurance: All repurchases made on exchanges other than HKEX, specifically the London Stock Exchange, were carried out in accordance with the respective domestic rules.

Potential Impact on Share Price

The ongoing share repurchase programme, coupled with the cancellation of repurchased shares, is a clear indication of Prudential plc’s focus on enhancing shareholder value. The company’s active use of its repurchase mandate, the price range of buybacks, and the upcoming moratorium period are all potentially price-sensitive developments that may influence investor sentiment and the share price in the short to medium term.

Additional Notes

• No treasury shares were held or sold during the period covered by this disclosure.
• No new share issues or other capital actions (other than the repurchases disclosed) have been announced.

Disclaimer

This article is for informational purposes only and should not be construed as investment advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. The information provided is based on official company disclosures as of 16 January 2026 and may be subject to change.

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