Prudential plc Announces Further Share Repurchases and Cancellations

Key Highlights from the Latest Disclosure Return

• Issuer: Prudential plc (Stock code: 02378, Ordinary shares of GBP 0.05 each)
• Date Submitted: 11 February 2026
• Recent Share Repurchase Activity: Shares repurchased and cancelled on 10 February 2026
• Impact on Issued Shares: Issued shares decreased by 271,230 to 2,540,534,565
• Repurchase Price: GBP 11.7401 per share (volume-weighted average)
• Additional Shares Awaiting Cancellation: 689,276 shares repurchased on 9 and 10 February 2026, not yet cancelled
• Total Shares Repurchased Under Mandate to Date: 66,594,847 shares (2.56% of approved mandate)
• Repurchase Mandate Authorisation: Up to 262,668,701 shares as approved on 14 May 2025
• Moratorium on New Share Issues: No new shares, sales, or transfers of treasury shares until 12 March 2026

Detailed Report

Prudential plc has reported significant share repurchase activity in its latest Next Day Disclosure Return. On 10 February 2026, the company repurchased and cancelled 271,230 ordinary shares at an average price of GBP 11.7401 per share. This movement reduced the total number of issued shares (excluding treasury shares) from 2,540,805,795 to 2,540,534,565.

In addition to the shares already cancelled, the company repurchased a further 383,971 shares on 9 February 2026 at GBP 11.7886 per share and 305,305 shares on 10 February 2026 at GBP 11.7651 per share. These shares, totaling 689,276, were bought for cancellation but had not yet been cancelled as of the reporting date.

The repurchases were executed on the London Stock Exchange, in line with the company’s ongoing efforts to return value to shareholders. The aggregate price paid for the 305,305 shares repurchased on 10 February 2026 was GBP 3,591,957.57. All shares repurchased are intended for cancellation and not for holding as treasury shares.

Prudential plc’s share repurchase program was authorised by a shareholder resolution passed on 14 May 2025, allowing the company to repurchase up to 262,668,701 shares. To date, 66,594,847 shares have been repurchased under this mandate, representing approximately 2.56% of the total shares authorised for repurchase.

Important Information for Shareholders

• Moratorium Period: Under Hong Kong Listing Rules, there is a 30-day moratorium after the repurchase, during which Prudential plc cannot issue new shares or sell/transfer treasury shares. This moratorium will last until 12 March 2026. This restriction may impact liquidity and future issuance plans.
• Potential Share Price Impact: The share buyback reduces the number of issued shares, which can increase earnings per share (EPS) and potentially support the share price. The repurchase prices indicate management’s view of intrinsic value and may signal confidence in the company’s prospects.
• Ongoing Buyback Programme: Investors should note the significant scale of the buyback programme. With over 66 million shares already repurchased and further capacity remaining, ongoing repurchases could continue to influence share supply and demand dynamics.
• Transparency and Compliance: The company confirms that all repurchases were made on the London Stock Exchange and in accordance with applicable domestic rules. No treasury shares have been sold or transferred, and no share sales are reported in this return.

Conclusion

Prudential plc’s active share repurchase and cancellation programme demonstrates a commitment to shareholder returns and capital management. Investors should monitor ongoing buyback activity, the impact on share capital structure, and the potential implications of the moratorium period on new share issues.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review official company disclosures and consult with financial advisors before making investment decisions. The information presented is based on the latest Next Day Disclosure Return filed by Prudential plc as of 11 February 2026.

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