Prudential plc Executes Significant Share Repurchases and New Share Issuance

Key Points from the Disclosure Return

• Multiple Share Repurchases: Prudential plc repurchased and cancelled a total of 1,432,076 ordinary shares between 12 and 18 February 2026. These buybacks were executed on the London Stock Exchange at prices ranging from GBP 10.6087 to GBP 11.1616 per share.
• New Share Issuance: 1,357 new ordinary shares were issued through the exercise of options under the Prudential Sharesave Plan 2023, at a price of GBP 5.2 per share.
• Post-Transaction Share Capital: As of 18 February 2026, the company’s total number of issued shares stands at 2,538,079,313, with no treasury shares held.
• Shares Pending Cancellation: At the closing balance date, a further 537,833 shares had been repurchased but were not yet cancelled, at average prices of GBP 10.9828 and GBP 11.1407 per share.
• Aggregate Repurchase Price: The total amount paid for the repurchases was GBP 8,652,881.4.
• Repurchase Mandate: The repurchases were carried out under a mandate granted on 14 May 2025, authorizing up to 262,668,701 shares to be repurchased. To date, 68,900,013 shares have been repurchased under this mandate, representing 2.65% of the issued share capital at the time of the mandate.
• Moratorium Period: After the repurchases, there is a moratorium period on the issue of new shares or sale/transfer of treasury shares until 20 March 2026.
• Compliance Confirmed: The company has confirmed compliance with all applicable listing rules, laws, and regulatory requirements.

Potentially Price-Sensitive Information for Shareholders

• Reduction in Share Capital: The ongoing buybacks and cancellations reduce the number of outstanding shares, which can potentially increase earnings per share and return on equity for remaining shareholders.
• Significant Outlay: The repurchase of shares reflects a substantial capital allocation decision, signaling management’s confidence in the company’s value and future prospects.
• Moratorium on New Share Issues: No new shares or treasury share sales/transfers will occur until 20 March 2026, which can help stabilize the share price by preventing dilution in the immediate term.
• Execution on London Stock Exchange: All repurchases were made on the London Stock Exchange, in accordance with domestic regulations. This may indicate active capital management in both UK and Hong Kong markets.

Detailed Breakdown of Share Repurchase Activity

What Investors Should Watch

• Impact on Share Price: The buybacks may support the share price by reducing supply and signaling management’s positive outlook.
• EPS and ROE Enhancement: Fewer shares outstanding increases key per-share metrics, which can be attractive to investors.
• Further Buybacks: With a substantial portion of the repurchase mandate still available, investors should monitor future buyback activity, which could further impact the share price.
• Moratorium Period: The moratorium ensures no dilution until at least 20 March 2026, providing near-term stability.

Additional Information

• No Sale of Treasury Shares: The report confirms there were no sales of treasury shares during the period.
• Governance: All actions were authorized by the Board and executed in compliance with all relevant regulations.
• Submitted By: Florence Ng Wai Yin, Deputy Group Secretary.

Conclusion

The substantial share repurchase activity and issuance of new shares under the Prudential Sharesave Plan, combined with a moratorium on new share issues, are significant developments for Prudential plc shareholders. These actions are likely to be price-sensitive, potentially enhancing shareholder value and influencing the company’s share price in the near term. Investors should monitor further buybacks and the expiration of the moratorium period for additional impact.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions related to Prudential plc or its shares.

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