Prudential plc Announces Share Repurchase Activity – What Investors Need to Know

Key Highlights from the Latest Disclosure

• Issuer: Prudential plc
• Date of Disclosure: 15 December 2025
• Class of Shares: Ordinary shares of GBP 0.05 each, listed on the Hong Kong Stock Exchange (Stock code: 02378)
• Recent Share Repurchase: On 10 and 12 December 2025, Prudential plc repurchased a total of 552,771 shares for cancellation.
• Share Repurchase Price: Repurchases were made at prices ranging from GBP 10.69 to GBP 11.005 per share, with a volume-weighted average price around GBP 10.85.
• Updated Share Capital: Following the cancellation of repurchased shares, the total number of issued shares (excluding treasury shares) decreased from 2,553,334,091 to 2,553,059,551.

Detailed Breakdown of Share Repurchase Activities

Prudential plc executed a series of share repurchases as part of its ongoing capital management programme. On 10 December 2025, 274,540 shares were repurchased and cancelled by 12 December 2025. The closing balance of issued shares as of 12 December 2025 now stands at 2,553,059,551, reflecting a decrease of approximately 0.01075% of the company’s issued shares.

Additionally, as of 12 December 2025, there were 274,502 shares repurchased on 11 December 2025 and 278,229 shares repurchased on 12 December 2025, both for cancellation but not yet cancelled at the report date, at average prices of GBP 10.8287 and GBP 10.7929, respectively.

Repurchase Execution Details

• The repurchases were conducted on the London Stock Exchange, not on the Hong Kong Stock Exchange.
• The aggregate price paid for the 278,229 shares repurchased on 12 December 2025 was GBP 3,002,899.27.
• All repurchased shares are intended for cancellation, with none held as treasury shares.

Repurchase Mandate and Remaining Capacity

• Repurchase Mandate Date: 14 May 2025
• Total Shares Authorised for Repurchase: 262,668,701
• Total Repurchased to Date: 53,928,607 shares, representing approximately 2.07% of the issued share capital at the time the mandate was granted.
• Moratorium Period: Prudential is restricted from issuing new shares or selling/transferring any treasury shares for 30 days after the repurchase, up to 11 January 2026, unless prior approval from the Exchange is obtained.

Why This Matters for Shareholders

• Potential Impact on Share Value: Share buybacks generally signal management’s confidence in the company’s undervaluation and are commonly viewed as shareholder-friendly actions. By reducing the number of outstanding shares, Prudential may enhance earnings per share (EPS) and potentially support the share price.
• Active Capital Management: The ongoing buyback activity and the remaining mandate reflect a proactive approach to capital allocation, which may be attractive to investors seeking capital returns.
• Short-Term Trading Considerations: The moratorium on new share issuances or treasury share sales could reduce dilution risk in the weeks following the repurchase, potentially providing near-term support for the share price.
• Price Sensitivity: The disclosed prices at which Prudential is repurchasing shares offer investors a reference point for management’s perceived value of the company.

Other Noteworthy Points

• No on-market sale of treasury shares was reported in this disclosure.
• The purchases were confirmed to fully comply with the rules of the London Stock Exchange.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional advisor before making investment decisions. The information is based on public filings as of 15 December 2025 and may be subject to change.

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