Prudential plc Announces Significant Share Repurchase Activity

Date Submitted: 23 February 2026

Issuer: Prudential plc

Stock Code: 02378

Class of Shares: Ordinary shares of GBP 0.05 each

Key Points for Investors

• Share Repurchase and Cancellation: Prudential plc has repurchased and cancelled 288,790 ordinary shares at a volume-weighted average price of GBP 11.1407 per share. This transaction was completed on 20 February 2026.
• Issued Shares Reduced: The total number of issued shares decreased from 2,537,830,270 to 2,537,541,480, representing a reduction of approximately 0.0114% in the issued share capital.
• Further Repurchased Shares Pending Cancellation: As of the reporting date, an additional 378,388 shares (GBP 11.1573 per share, repurchased on 19 February 2026) and 250,585 shares (GBP 11.3285 per share, repurchased on 20 February 2026) have been repurchased for cancellation but were not yet cancelled.
• Total Repurchase Activity: On 20 February 2026, 250,585 shares were repurchased on the London Stock Exchange at prices ranging from GBP 11.19 to GBP 11.405, with a total aggregate price paid of GBP 2,838,760.69.
• Repurchase Mandate: The repurchase was conducted under the authority granted on 14 May 2025, allowing Prudential plc to repurchase up to 262,668,701 shares. To date, 69,528,986 shares have been repurchased under this mandate, representing 2.66949% of the issued shares as at the date of the resolution.
• Moratorium on Issuance: Following the repurchase, there is a moratorium period for any issue, sale, or transfer of treasury shares up to 22 March 2026. This restricts Prudential plc from issuing new shares or selling treasury shares for 30 days after the repurchase, unless prior approval from the exchange is obtained.
• No Treasury Share Sales: There have been no sales of treasury shares during this reporting period.

Investor Impact and Price Sensitivity

• Potential Share Price Impact: The reduction in total issued shares through repurchase and cancellation may positively affect earnings per share (EPS) and support the share price, as it indicates the company’s confidence in its value and commitment to shareholder returns.
• Repurchase Prices: The repurchase prices (GBP 11.1407, GBP 11.1573, GBP 11.3285, up to GBP 11.405) are above the nominal value, showing management’s willingness to pay a premium for its own shares, which could be interpreted as a bullish sign.
• Mandate Utilization: With over 69 million shares repurchased out of the 262 million authorized, Prudential plc continues to actively manage its capital structure, which is likely to be of interest to shareholders monitoring buyback trends.
• Moratorium Period: The moratorium for new share issues and treasury share sales until 22 March 2026 limits dilution risk and may provide additional support to the share price in the short term.

Detailed Timeline and Repurchase Breakdown

• Opening Balance (as of 19 February 2026): 2,537,830,270 issued shares
• Repurchase and Cancellation (20 February 2026): 288,790 shares cancelled
• Closing Balance (20 February 2026): 2,537,541,480 issued shares
• Shares Pending Cancellation:
  • 378,388 shares (repurchased 19 February 2026, GBP 11.1573 per share)
  • 250,585 shares (repurchased 20 February 2026, GBP 11.3285 per share)
• Aggregate Repurchase Price for 20 February 2026 Transaction: GBP 2,838,760.69

What Should Shareholders Know?

• Prudential plc is actively repurchasing shares, reducing its issued share capital, and potentially boosting shareholder value.
• No treasury shares have been sold or transferred, and no new share issuance will occur until after 22 March 2026, which supports share price stability in the near term.
• Share buybacks are often interpreted as management’s confidence in the company’s prospects and may positively influence investor sentiment.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with financial professionals before making investment decisions. The information presented here is based on the official disclosure from Prudential plc and is subject to change.

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