Prudential plc Announces Share Repurchases and Changes in Issued Share Capital

Date: 16 February 2026
Issuer: Prudential plc (Stock Code: 02378, Ordinary Shares of GBP 0.05 each)

Key Highlights from the Disclosure Report

• Prudential plc has executed a series of share repurchases, affecting both the issued share capital and potentially the share price.
• The company repurchased and cancelled a significant number of shares, with further shares repurchased but not yet cancelled.
• The repurchase mandate remains active, with a sizable portion of the authorized buyback still available.
• No sales of treasury shares were reported.

Details of Share Repurchases

Recent Share Cancellation:
On 11 February 2026, Prudential plc repurchased 335,257 ordinary shares, which were subsequently cancelled on 13 February 2026. The repurchase price per share was GBP 11.7278. Following this cancellation, the company’s issued share capital decreased from 2,539,845,289 to 2,539,510,032 shares, representing a reduction of 0.0132% in issued shares.

Shares Repurchased for Cancellation but Not Yet Cancelled:

• On 12 February 2026: 571,464 shares repurchased at an average price of GBP 11.1616 per share (0.0225% of issued shares).
• On 13 February 2026: 612,541 shares repurchased at an average price of GBP 10.6087 per share (0.0241% of issued shares). These repurchases were executed on the London Stock Exchange at prices ranging from GBP 10.37 to GBP 10.87, with a total aggregate price paid of GBP 6,498,267.66.

Share Repurchase Mandate and Its Utilization

The current share repurchase mandate, approved on 14 May 2025, authorizes Prudential plc to repurchase up to 262,668,701 shares. To date, a total of 68,114,109 shares have been repurchased under this mandate, which equals approximately 2.62% of the number of issued shares at the time of the mandate’s approval.

Moratorium Period: After these repurchases, there is a moratorium on the issuance of new shares or sale/transfer of treasury shares until 15 March 2026, unless prior approval is obtained from the Exchange.

Implications for Shareholders

• Potential Impact on Share Value: The buyback and cancellation of shares reduce the number of shares in circulation, which can enhance earnings per share (EPS) and potentially support or increase the share price.
• Price Sensitivity: The prices paid for these buybacks (ranging from GBP 10.37 to GBP 11.73) may act as a floor for the share price in the short term, given the company’s willingness to repurchase shares at these levels.
• Buyback Capacity: With over 194 million shares still authorized for repurchase under the current mandate, further buybacks could occur, providing ongoing support for the share price.
• Moratorium Note: The company cannot issue new shares or transfer treasury shares until mid-March, which could affect liquidity and future capital raising activities in the short term.

Other Notable Points

• No treasury shares are currently held or sold by Prudential plc.
• All repurchases disclosed were made on the London Stock Exchange and complied with applicable domestic rules.

Conclusion

Prudential plc’s ongoing share repurchase program and recent share cancellations are significant for investors, as they not only reflect confidence in the company’s valuation but also have the potential to enhance shareholder value by reducing the share count. The active buyback at prevailing market prices is a noteworthy support factor for the stock, and the moratorium on new issues could influence trading dynamics in the coming month.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should perform their own research or consult a licensed financial adviser before making investment decisions.

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