Prudential plc Announces Share Repurchase Activity and Update on Issued Share Capital

Key Highlights for Investors

• Prudential plc has undertaken a repurchase and cancellation of its ordinary shares, impacting its total issued share capital.
• Significant share repurchases were executed on the London Stock Exchange, with notable volumes and prices disclosed.
• This activity could have implications for shareholders, as it directly affects the number of shares in circulation and potentially the share price.

Details of Share Repurchase and Cancellation

As of 6 February 2026, Prudential plc had an issued share capital comprising 2,541,300,240 ordinary shares, each with a nominal value of GBP 0.05. There were no treasury shares at that date.

• On 5 February 2026, the company repurchased 494,445 shares at a volume-weighted average price of GBP 11.8709 per share. These shares were cancelled on 9 February 2026, reducing the issued share capital to 2,540,805,795 shares.
• Additionally, as of the closing balance on 9 February 2026, the company disclosed that 271,230 shares repurchased on 6 February and 383,971 shares repurchased on 9 February were pending cancellation. The respective average repurchase prices for these were GBP 11.7401 and GBP 11.7886.
• The most recent repurchase, 383,971 shares on 9 February 2026, was executed on the London Stock Exchange at prices ranging from GBP 11.715 to GBP 11.99, with an aggregate cost of GBP 4,526,480.11.

Share Repurchase Mandate and Remaining Capacity

• The repurchases are conducted under a mandate granted on 14 May 2025, which authorizes the company to buy back up to 262,668,701 shares.
• As of the latest disclosure, 66,289,542 shares have been repurchased under this mandate, representing approximately 2.55% of the issued share capital at the time the mandate was approved.
• A moratorium is in place, prohibiting any new share issues or transfers of treasury shares until 11 March 2026 (30 days after the most recent repurchase), unless prior approval is obtained from the Hong Kong Stock Exchange.

Implications for Shareholders

• Share buybacks reduce the total number of shares in issue, which can enhance earnings per share (EPS) and potentially support the share price, as each remaining share represents a larger stake in the company.
• The sustained repurchase activity signals management’s confidence in the company’s valuation and capital position.
• The moratorium on new share issuance or treasury share sales could limit dilution risk in the short term, which may be viewed positively by existing shareholders.
• Shareholders should note the volume-weighted average repurchase prices (GBP 11.7401 – GBP 11.99) as indicative of management’s assessment of intrinsic value.
• No treasury shares are being held; all repurchased shares are intended for cancellation, directly reducing issued share capital rather than being held for potential re-issuance.

Additional Information

• All repurchases disclosed were executed on the London Stock Exchange, and the company confirms compliance with the relevant domestic rules of that exchange.
• No on-market sales of treasury shares were reported in this disclosure period.

What Investors Should Watch

• Continued share repurchases may provide ongoing support for the share price, especially in the absence of new share issuance.
• Should the company approach the maximum number of shares authorized for buyback under the mandate, further shareholder approval would be required for additional repurchases.
• The timing, scale, and pricing of future buybacks could act as important signals to the market regarding management’s outlook and capital allocation priorities.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice or a recommendation to buy or sell securities. Investors should conduct their own analysis and consult with professional advisors before making investment decisions. The information is based on the latest company disclosure as of 10 February 2026 and may be subject to change.

View Prudential USD Historical chart here