Prudential plc Announces Further Share Repurchases: Key Investor Update

Key Points from the Latest Disclosure

• Issuer: Prudential plc
• Instrument: Ordinary shares of GBP 0.05 each (Stock code: 02378, listed on the Hong Kong Stock Exchange)
• Date of Disclosure: 13 February 2026
• Latest Share Repurchase Activity:
  • 305,305 shares repurchased and cancelled on 12 February 2026 at a volume-weighted average price of GBP 11.7651 per share.
  • Additional shares repurchased for cancellation but not yet cancelled as of 12 February 2026:
    • 335,257 shares (repurchased on 11 February 2026 at GBP 11.7278 per share).
    • 571,464 shares (repurchased on 12 February 2026 at GBP 11.1616 per share).
  • All recent repurchases were conducted on the London Stock Exchange, not on the Hong Kong Exchange.
• Total Number of Issued Shares (Post-Cancellation): 2,539,845,289 shares as of 12 February 2026, down from 2,540,150,594 shares.
• Cumulative Shares Repurchased under Mandate: 67,501,568 shares, representing approximately 2.59% of shares in issue as at the date of mandate (14 May 2025).

Important Information for Shareholders

• Share Repurchase Mandate: The current mandate, approved on 14 May 2025, authorizes the repurchase of up to 262,668,701 shares.
• Moratorium on New Share Issues: Prudential plc is restricted from issuing new shares, or selling or transferring any treasury shares, for a period of 30 days following these repurchases, until 14 March 2026.
• Repurchase Prices: The most recent buyback executed on 12 February 2026 ranged from GBP 10.68 to GBP 11.685 per share, with a total consideration of GBP 6,378,448.94 for 571,464 shares.
• No New Shares Issued or Treasury Shares Sold: There were no sales of treasury shares or new issues of shares reported in this disclosure.

Potentially Price-Sensitive Implications

The continued execution of share repurchases by Prudential plc can be seen as a positive signal to the market, as it may imply that the company views its shares as undervalued at current levels. Reducing the number of shares in issue increases earnings per share (EPS) for remaining shareholders, potentially supporting the share price.

The fact that the company has repurchased a significant portion (over 2.59%) of its authorized mandate within less than a year indicates active capital management. The moratorium on new share issues until 14 March 2026 also means that dilution risk is temporarily minimized, which could be reassuring for existing shareholders.

Investors should monitor ongoing repurchase activity and any future announcements regarding the use or amendment of the buyback mandate, as these could affect the supply-demand dynamics of the shares and, consequently, the share price.

Additional Details

• All repurchases have been conducted in compliance with applicable domestic rules on the London Stock Exchange.
• No repurchases were made on the Hong Kong Exchange during this period.
• The company has not provided any details of share issues, sales, or transfers of treasury shares, indicating that all buybacks are for cancellation.

Conclusion

The increased pace of share repurchases and the sizeable amount of capital deployed in the latest transactions are noteworthy developments for investors. Shareholders should consider these actions as a reflection of management’s confidence in the company’s long-term value and a potential support for the share price in the near term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. Investors should conduct their own research or consult with a qualified financial advisor before making any investment decisions. The author and publisher are not responsible for any losses incurred as a result of reliance on the information provided above.

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