Prudential plc Announces Further Share Repurchases

Key Points from the Disclosure Return

• Issuer: Prudential plc
• Date of Disclosure: 3 February 2026
• Instrument: Ordinary shares of GBP 0.05 each, listed on the Hong Kong Stock Exchange (Stock code: 02378)
• Recent Share Repurchase: 317,142 ordinary shares repurchased on 2 February 2026 on the London Stock Exchange
• Repurchase Price Range: GBP 11.875 – GBP 12.105 per share
• Total Consideration Paid: GBP 3,812,395.29
• Shares Repurchased for Cancellation: All 317,142 shares will be cancelled
• Repurchase Mandate: As of 14 May 2025, Prudential plc is authorised to repurchase up to 262,668,701 shares. To date, 64,588,371 shares have been repurchased, representing 2.4798% of the issued shares at the time of the mandate
• Moratorium on New Share Issues: Prudential plc cannot issue new shares, or sell/transfer any treasury shares, until 4 March 2026, due to the 30-day moratorium following this repurchase

Important Information for Shareholders

The latest repurchase and cancellation of shares is a noteworthy event for Prudential plc shareholders. Share repurchases can indicate several strategic objectives, such as returning capital to shareholders, signalling confidence in the company’s prospects, or managing capital structure more efficiently. The cancellation of shares reduces the total number of shares outstanding, which may have a positive impact on earnings per share (EPS) and can be supportive for the share price if the market interprets this as a sign of management confidence.

The repurchase price of up to GBP 12.105 per share is close to recent trading levels, suggesting management is willing to pay a premium to buy back shares, which could be seen as a bullish signal.

Investors should also note the 30-day moratorium on new share issuances or sales/transfers of treasury shares. This means no dilution from new shares during this period, which can be supportive for existing shareholders.

The company continues to execute its buyback program, with nearly 65 million shares repurchased under the current mandate. This ongoing activity could influence supply and demand dynamics in the market and potentially impact share price performance in the near term.

Other Relevant Details

• No treasury shares held as of the latest reporting date.
• All repurchases disclosed in this report were made on the London Stock Exchange, not on the Hong Kong Stock Exchange.
• No on-market sale of treasury shares reported during this period.
• The repurchased shares have either already been cancelled or are pending cancellation as per regulatory requirements.

Potential Price Sensitivity

Share buybacks are generally viewed favourably by the market, as they can signal management’s confidence in the business and may improve shareholder returns. The magnitude and price of the buyback could be price sensitive, especially when the company is actively reducing its share count. The 30-day moratorium on new share issuances ensures that shareholder value is not diluted in the immediate term.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making investment decisions. The information is based on public disclosures as of 3 February 2026 and may be subject to change.

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