Prudential plc Share Repurchase Update – Key Details for Investors
Prudential plc Executes Further Share Repurchases, Updates on Issued Share Capital
Date: 28 November 2025
Issuer: Prudential plc (Stock code: 02378, Ordinary shares of GBP 0.05 each)
Key Highlights
- Share Repurchase and Cancellation: Prudential plc has repurchased and cancelled 281,794 ordinary shares at a volume-weighted average price of GBP 10.5664 per share. The repurchase was conducted on 25 November 2025 and shares were cancelled on 27 November 2025.
- Reduction in Issued Share Capital: Following the cancellation, the total number of issued shares (excluding treasury shares) dropped from 2,556,353,862 to 2,556,072,068. This represents a reduction of approximately 0.011% of the pre-event issued shares.
- Additional Repurchases Pending Cancellation:
- On 26 November 2025, 283,890 shares were repurchased (GBP 10.7809 per share, 0.0111% of issued shares) but not yet cancelled as of the reporting date.
- On 27 November 2025, a further 257,088 shares were repurchased (GBP 10.906 per share, 0.0101% of issued shares) but not yet cancelled as of the reporting date.
- Total Recent Repurchases: On 27 November 2025, 257,088 shares were repurchased on the London Stock Exchange at prices between GBP 10.79 and GBP 10.95, for a total consideration of GBP 2,803,803.23.
- Repurchase Mandate Details:
- Repurchase mandate authorized on 14 May 2025 for up to 262,668,701 shares.
- As of this disclosure, 50,903,787 shares have been repurchased under this mandate, representing 1.95% of the issued shares as at the date of the mandate.
- Moratorium on New Share Issues: Following these repurchases, there is a moratorium in place until 27 December 2025 during which Prudential plc may not issue new shares, or sell or transfer any treasury shares, without prior approval from the Exchange.
What Shareholders Should Know
- Impact on Share Value: Share buybacks reduce the number of shares in circulation, potentially increasing earnings per share (EPS) and supporting the share price. These actions may signal management’s confidence in the company’s prospects and commitment to shareholder returns.
- Price Sensitivity: The repurchases were conducted at prices slightly above GBP 10.50, indicating management’s view on the company’s valuation. Investors should monitor the ongoing buyback program, as continued repurchases could provide a floor for the share price in the near term.
- Liquidity and Trading: The moratorium on new share issuance until 27 December 2025 limits dilution risk and signals no immediate plans to raise equity capital, which may be viewed positively by investors concerned about over-supply.
Detailed Transaction Summary
| Date |
Shares Repurchased |
Price per Share (GBP) |
Status |
| 25 Nov 2025 |
281,794 |
10.5664 |
Repurchased & Cancelled |
| 26 Nov 2025 |
283,890 |
10.7809 |
Repurchased, Pending Cancellation |
| 27 Nov 2025 |
257,088 |
10.906
(range: 10.79 – 10.95) |
Repurchased, Pending Cancellation |
Summary
Prudential plc’s ongoing share repurchase program continues to reduce the company’s issued share capital, with significant volumes recently repurchased and cancelled or pending cancellation. These actions are likely to be viewed positively by shareholders, as they may enhance shareholder value through improved per-share metrics and demonstrate the company’s commitment to shareholder returns. The moratorium on new share issuance until late December offers a period of certainty regarding the company’s capital structure.
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. The author and publisher accept no liability for any actions taken based on the information provided herein.
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