Prudential plc Announces Share Repurchase and Changes in Issued Shares

Key Highlights for Investors

• Issuer: Prudential plc (Stock Code: 02378, Ordinary Shares of GBP 0.05 each)
• Date of Announcement: 26 January 2026
• Key Event: Repurchase and cancellation of ordinary shares, with updates on issued share capital and pending share cancellations

Details of Share Repurchase Activities

Recent Share Repurchase and Cancellation

• Shares Repurchased and Cancelled: On 21 January 2026, Prudential plc repurchased 339,750 ordinary shares, which were subsequently cancelled on 23 January 2026.
• Repurchase Price (Volume-Weighted Average): GBP 11.6798 per share
• Percentage of Existing Issued Shares Cancelled: 0.013352%
• Resulting Issued Share Capital: Reduced from 2,544,649,662 to 2,544,309,912 shares (as of 23 January 2026)

Shares Repurchased for Cancellation (Pending Cancellation)

• 22 January 2026: 322,055 shares repurchased at GBP 11.7877 per share (0.012656% of issued shares)
• 23 January 2026: 371,011 shares repurchased at GBP 11.5882 per share (0.01458% of issued shares)
• These shares remain part of the issued share capital until formal cancellation is completed.

Further Share Repurchase Details

• Trading Venue: 371,011 shares repurchased on 23 January 2026 via the London Stock Exchange (not on the Hong Kong Exchange)
• Price Range: Repurchase price per share ranged from GBP 11.5 (lowest) to GBP 11.735 (highest), with a total aggregate price paid of GBP 4,299,341.89
• Repurchase Mandate:
  • Date Granted: 14 May 2025
  • Total Shares Authorised for Repurchase: 262,668,701
  • Total Shares Repurchased to Date under Mandate: 62,823,290 (representing 2.41% of the issued shares as at the date of the mandate)
• Moratorium Period: Prudential plc is subject to a moratorium on issuing new shares or selling/transferring treasury shares until 22 February 2026, unless prior approval is obtained from the Exchange.

Shareholder and Market Impact

• Reduction in Share Capital: The ongoing repurchase and cancellation of shares reduces the total number of shares in issue, which can potentially enhance earnings per share (EPS) and may be supportive of the share price.
• Price Sensitivity: The active and sizable share buyback programme, with a significant amount of shares already repurchased, signals management’s confidence in the company’s valuation and capital position. This may be viewed positively by investors and could impact the share price.
• Pending Cancellations: Investors should note the shares repurchased but not yet cancelled, as these will further reduce the share count once formal cancellation occurs.
• Trading Venue: The repurchases were conducted on the London Stock Exchange, not on the Hong Kong Exchange.
• Regulatory Compliance: All repurchases on other exchanges have been conducted in accordance with relevant domestic rules.

Other Disclosures

• There were no sales of treasury shares during this period.

Conclusion

Prudential plc’s ongoing share repurchase and cancellation programme, as well as its strict adherence to exchange rules, demonstrates active capital management. Investors should monitor the impact of these activities on the company’s share capital structure, earnings per share, and overall market sentiment, especially given the scale of the repurchase and the moratorium on new share issuance until late February 2026.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a licensed financial adviser before making any investment decisions. The author and publisher accept no responsibility for any losses arising from reliance on the information contained herein.

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