Prudential plc Announces Significant Share Repurchases and Minor Share Issuance

Key Highlights from the Latest Exchange Disclosure

• Issuer: Prudential plc
• Reporting Period: Updates as at 17 December 2025
• Instrument: Ordinary Shares of GBP 0.05 each (Stock code: 02378)
• Listed on: The Stock Exchange of Hong Kong and London Stock Exchange

Share Repurchase Activity

Prudential plc has undertaken a series of share repurchases, both as part of its ongoing buyback programme and specifically to neutralise the impact of new share issuances related to its scrip dividend for 2025. These repurchases are potentially price-sensitive and could signal management’s confidence in the company’s valuation or an effort to enhance shareholder value by reducing the number of outstanding shares.

Details of Share Repurchases (Executed and Pending Cancellation)

• Shares Repurchased and Cancelled (15 December 2025, cancelled on 17 December 2025):
• Repurchase 1: 288,339 shares at GBP 11.0378 per share
• Repurchase 2 (Repurchase Programme to neutralise scrip dividend): 492,068 shares at GBP 11.0354 per share
• Shares Repurchased for Cancellation (Not Yet Cancelled as at 17 December 2025):
• 16 December 2025: 270,000 shares at GBP 11.0312 per share
• 16 December 2025 (Repurchase Programme): 503,817 shares at GBP 11.0313 per share
• 17 December 2025: 275,000 shares at GBP 11.2546 per share
• 17 December 2025 (Repurchase Programme): 440,944 shares at GBP 11.2624 per share

Total shares repurchased on 17 December 2025: 715,944 shares, with an aggregate price paid of GBP 8,061,105.71. All these repurchases were executed on the London Stock Exchange, not the Hong Kong Exchange.

Share Issuance: Share Option Exercise

In addition to repurchases, Prudential plc issued 2,442 new shares at GBP 7.37 per share as a result of options exercised under the Prudential Sharesave Plan 2023. This is a relatively minor change in the overall share count and is not expected to be price-sensitive. However, it does reflect continuing employee participation and incentives.

Current Share Capital Structure

• Opening balance as at 16 December 2025: 2,552,506,820 shares
• Closing balance as at 17 December 2025 (after repurchases and issuances): 2,551,728,855 shares
• No treasury shares held as of the latest reporting date.
• Additional shares pending cancellation: >1.4 million shares as outlined above

Repurchase Mandate & Compliance

• Repurchase Mandate Approved: 14 May 2025
• Total shares authorised for repurchase: 262,668,701
• Total shares repurchased under mandate (to date): 56,198,775 (2.16% of issued shares as at mandate date)
• Repurchase Method: All recent purchases were executed on the London Stock Exchange and in accordance with local rules.
• Moratorium Period: Prudential plc cannot issue new shares or transfer treasury shares until 16 January 2026 due to these repurchases.

Shareholder Considerations & Price Sensitivity

Potentially Price-Sensitive Information:

• Large-scale repurchases may signal management’s belief that shares are undervalued, typically seen as positive for share price.
• Repurchases reduce the number of shares in circulation, which can increase earnings per share and potentially drive the share price higher.
• The moratorium on new share issuances or treasury share transfers until 16 January 2026 could affect liquidity and any potential capital raising initiatives in the short term.
• The ongoing Repurchase Programme to neutralise scrip dividend dilutions demonstrates active capital management and commitment to shareholder value preservation.

No sales of treasury shares were reported.

Corporate Confirmation

Prudential plc confirms all share repurchase and issuance activities were duly authorised by the Board, compliant with applicable listing rules, legal requirements, and all necessary regulatory filings have been completed.

Conclusion

The substantial share repurchase activity by Prudential plc, coupled with a temporary halt on new share issuances, marks a significant development for shareholders. This could positively impact the share price due to reduced supply and signals of management confidence in the company’s future performance. Investors should monitor subsequent disclosures for any changes in buyback momentum or capital structure policy.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult their financial advisor before making any investment decisions. The author does not hold any position in Prudential plc at the time of writing.

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