Prudential plc Executes Share Repurchase: Key Details for Investors

Summary of Key Events

• Issuer: Prudential plc
• Date of Disclosure: 12 February 2026
• Class of Shares: Ordinary Shares (GBP 0.05 each)
• Stock Code: 02378 (Listed on the Hong Kong Stock Exchange)

Details of Share Repurchase

Prudential plc has reported the repurchase and cancellation of a significant number of its ordinary shares. The transactions, which took place on 9 and 11 February 2026, are part of the company’s ongoing capital management and share buyback programme.

• Opening Balance (as at 10 February 2026): 2,540,534,565 issued shares (excluding treasury shares)
• Shares Repurchased and Cancelled on 11 February 2026: 383,971 shares at a volume-weighted average price of GBP 11.7886 per share
• Closing Balance (as at 11 February 2026): 2,540,150,594 issued shares (excluding treasury shares)

Shares Pending Cancellation

In addition to the shares already cancelled, further repurchases have been made but are pending cancellation:

• Repurchased on 10 February 2026: 305,305 shares at GBP 11.7651 per share
• Repurchased on 11 February 2026: 335,257 shares at GBP 11.7278 per share

Repurchase Details and Mandate

The repurchase of 335,257 shares on 11 February 2026 was executed on the London Stock Exchange, with prices ranging from GBP 11.655 to GBP 11.87 per share, totaling GBP 3,931,817.48. This transaction falls under Prudential’s share repurchase mandate granted on 14 May 2025, authorizing the repurchase of up to 262,668,701 shares.

• Total shares repurchased under the current mandate so far: 66,930,104 shares (representing 2.57% of the issued shares as at the mandate date)
• Moratorium Period: No new share issuance or sale/transfer of treasury shares is permitted until 13 March 2026, in accordance with regulatory requirements.

Implications for Shareholders and Share Price

• Reduction in Share Count: The ongoing buyback and cancellation of shares will reduce the total number of shares outstanding, which may have a positive impact on earnings per share (EPS) and could support share value.
• Price Sensitivity: The aggressive pace of share buybacks—over 66.9 million shares repurchased under the current mandate—signals strong capital management and confidence from management in the company’s future prospects.
• Moratorium Impact: The restriction on new share issuance or sale of treasury shares for 30 days post-repurchase could limit dilution and provide short-term stability to the share price.

Important Notes for Investors

• The repurchased shares are being cancelled rather than held as treasury shares, meaning the reduction in share capital is permanent and cannot be reversed by re-issuing these shares at a later date.
• All repurchases were executed in compliance with both the Hong Kong and London Stock Exchange regulations.

Conclusion

Prudential plc’s continued commitment to share buybacks and capital returns is a significant development for shareholders. The reduction in share count and the moratorium on new issuances may help support and potentially boost the company’s share price. Investors should monitor further disclosures and consider the impact of these actions on future financial results and share performance.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a qualified advisor before making investment decisions.

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