Prudential plc Announces Share Repurchase and Cancellation – Investor Update

Prudential plc (Stock Code: 02378) has released its latest Next Day Disclosure Return, providing investors with key updates regarding changes in its issued share capital and share repurchase activity. The disclosures are in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Key Points from the Report

• Share Repurchase and Cancellation: Prudential plc repurchased and cancelled a total of 286,469 ordinary shares on 6 February 2026. The repurchase price was GBP 12.2883 per share. This represents a reduction of approximately 0.01127% of the previously issued shares.
• Outstanding Repurchased Shares Pending Cancellation: As of the closing balance date, there were shares repurchased but not yet cancelled:
  • 494,445 shares repurchased on 5 February 2026 at GBP 11.8709 per share (0.01945% of issued shares).
  • 271,230 shares repurchased on 6 February 2026 at GBP 11.7401 per share (0.01067% of issued shares).
• Updated Share Capital: Following these repurchases and cancellations, Prudential plc’s total number of issued shares stands at 2,541,300,240 ordinary shares.

Details of Share Repurchase Activity

• Trading Details: The repurchase of 271,230 shares on 6 February 2026 was executed on the London Stock Exchange at prices ranging from GBP 11.55 to GBP 11.88 per share, with an aggregate price paid of GBP 3,184,270.99.
• Repurchase Mandate:
  • The repurchase mandate was granted on 14 May 2025, authorizing Prudential plc to repurchase up to 262,668,701 shares.
  • As of the latest report, Prudential plc has repurchased 65,905,571 shares under the mandate, amounting to 2.53% of the issued shares as at the date of the resolution.
  • A moratorium period is in effect, prohibiting any new issue of shares or sale/transfer of treasury shares until 8 March 2026 following the recent repurchase.

Potential Price-Sensitive Information for Shareholders

• Reduction in Share Capital: The ongoing share buybacks and cancellation reduce the number of issued shares, which can potentially enhance earnings per share (EPS) and may affect the company’s valuation and share price.
• Repurchase Prices: The prices paid for the repurchased shares (ranging from GBP 11.55 to GBP 12.29) may serve as important reference points for market participants regarding management’s view on valuation.
• Moratorium on New Issues: The 30-day moratorium on issuing new shares or selling treasury shares after the repurchase may limit dilution risk for shareholders, supporting share value in the short term.
• Significant Utilization of Repurchase Mandate: With over 65 million shares already repurchased under the current mandate, shareholders should monitor the pace of buybacks as well as the total authorization remaining.

Other Notable Information

• No On-Market Sale of Treasury Shares: The company has not sold any treasury shares on the market during this reporting period.
• Compliance Confirmation: All purchases made on another stock exchange (London Stock Exchange) were executed in accordance with domestic rules governing those transactions.

Investor Takeaway

Prudential plc’s active share repurchase program and the cancellation of repurchased shares are likely to be price-sensitive for investors, as these actions can affect the company’s capital structure, EPS, and potentially the share price. The company’s commitment to returning value to shareholders through buybacks, coupled with the moratorium on new share issuance, provides near-term support for existing shareholders. Investors should continue to monitor the pace and pricing of future buybacks, as well as any changes to the repurchase mandate or corporate actions that may impact share value.

Disclaimer: This article is based on publicly disclosed regulatory filings and is intended for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own due diligence and consult professional advisors before making investment decisions.

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