Prudential plc Executes Share Repurchases: Key Details for Investors

Highlights from the Latest Next Day Disclosure Return

• Issuer: Prudential plc (Stock Code: 02378)
• Date of Disclosure: 30 January 2026
• Instrument: Ordinary Shares of GBP 0.05 each
• Key Event: Share repurchases and cancellations, plus additional shares repurchased for cancellation but not yet cancelled

Summary of Share Repurchase Activity

Prudential plc has actively executed a share buyback program, repurchasing and cancelling a significant number of its ordinary shares. This move is part of the company’s ongoing capital management strategy and could influence the share price due to its direct impact on the share count and potential earnings per share (EPS) enhancement.

Details of Share Repurchases and Cancellations

• Opening Balance as at 28 January 2026: 2,543,315,600 shares
• Shares Repurchased and Cancelled:
  • 263,713 shares repurchased on 27 January 2026 and cancelled on 29 January 2026 at a volume-weighted average price of GBP 11.8664 per share.
• Closing Balance as at 29 January 2026: 2,543,051,887 shares
• Shares Repurchased for Cancellation but Not Yet Cancelled:
  • 283,602 shares (repurchased on 28 January 2026 at GBP 11.9196 per share)
  • 300,151 shares (repurchased on 29 January 2026 at GBP 12.0514 per share)

Repurchase Report – Further Key Information for Investors

• Market: Repurchases conducted on the London Stock Exchange
• Highest Repurchase Price on 29 January 2026: GBP 12.195 per share
• Lowest Repurchase Price on 29 January 2026: GBP 11.94 per share
• Aggregate Price Paid on 29 January 2026: GBP 3,617,250.57 for 300,151 shares
• Total Number of Shares Repurchased under the Current Mandate: 63,972,002 shares, representing 2.456136% of the issued share capital as of the date the repurchase mandate was granted (14 May 2025)
• Total Number of Shares Authorized for Repurchase: 262,668,701

Important Shareholder Considerations

• Potential Share Price Impact: The continued share buyback program reduces the number of outstanding shares, which can boost earnings per share (EPS) and return on equity (ROE), potentially supporting a higher share price.
• Moratorium Period: Prudential plc is restricted from issuing new shares or selling/transfering any treasury shares for a period of 30 days following these repurchases, up to 28 February 2026. This restriction can limit dilution risk in the short term and may be viewed positively by existing shareholders.
• Price Sensitivity: The repurchase prices are notably higher than GBP 11.80 per share, indicating the company’s willingness to buy at current market levels, which may reflect management’s confidence in the intrinsic value of the shares.
• Execution Venue: All recent repurchases occurred on the London Stock Exchange, not on the Hong Kong Exchange.

Additional Insights

• Repurchase Mandate: The authority for these repurchases was granted by shareholder resolution on 14 May 2025, reaffirming the board and shareholder alignment around capital return.
• No Disclosure of On-Market Sales of Treasury Shares: The company has not sold any treasury shares on any exchange during this period.

Investor Takeaway

Prudential plc’s ongoing share repurchase activities demonstrate active capital management and a commitment to enhancing shareholder value. The reduction in share count, confidence implied by repurchase prices, and temporary moratorium on new issuance are all relevant to investors assessing the near-term outlook for the company’s shares. These actions are likely to be price sensitive and could support the share price in the coming weeks.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult with a licensed financial advisor before making investment decisions.

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