Prudential plc Announces Share Buybacks and Updates on Issued Share Capital

Key Highlights from Latest Next Day Disclosure Return

Prudential plc, a leading international financial services group, has released its Next Day Disclosure Return dated 24 February 2026, providing important updates on its issued share capital and recent share buyback activities. These developments are significant for shareholders and the broader investment community, as they may have a direct impact on the company’s share value and capital structure.

1. Changes in Issued Shares and Share Buybacks

• Repurchase and Cancellation of Shares:
  • On 19 February 2026, Prudential repurchased 378,388 ordinary shares (GBP 0.05 each) which were subsequently cancelled on 23 February 2026.
  • The repurchase price was a volume-weighted average of GBP 11.1573 per share.
  • This represented a reduction of approximately 0.0149% of the issued shares prior to the event.
• Updated Issued Share Capital:
  • As of 23 February 2026, the total number of issued shares (excluding treasury shares) stands at 2,537,163,092, down from 2,537,541,480 at the prior reporting date.
  • No shares are currently held in treasury.

2. Shares Repurchased but Not Yet Cancelled

• Shares Pending Cancellation:
  • On 20 February 2026, 250,585 shares were repurchased for cancellation at an average price of GBP 11.3285 per share.
  • On 23 February 2026, an additional 335,080 shares were repurchased at an average price of GBP 11.3801 per share.
  • These shares have been repurchased but are yet to be formally cancelled, which will further reduce the total share count once processed.

3. Detailed Repurchase Report

• Latest Repurchase Activity:
  • On 23 February 2026, Prudential repurchased 335,080 shares on the London Stock Exchange at prices ranging from GBP 11.165 to GBP 11.555, with a total aggregate cost of GBP 3,813,251.10.
  • All shares repurchased on this date are intended for cancellation.
• Shareholder Mandate and Utilization:
  • The share repurchase mandate was approved by shareholders on 14 May 2025, authorizing the repurchase of up to 262,668,701 shares.
  • To date, 69,864,066 shares (approximately 2.68% of the share capital as at the date of the mandate) have been repurchased under this authority.
• Moratorium on New Issues and Treasury Sales:
  • Following the repurchases, Prudential is subject to a moratorium period, during which it cannot issue new shares or sell/transfer treasury shares without prior approval. This moratorium lasts until 25 March 2026.

4. Important Information for Shareholders

• Potential Price Sensitivity:
  • The ongoing share buybacks reduce the total number of shares in issue, which can enhance earnings per share (EPS) and potentially support the share price.
  • Investors should note the relatively small percentage of shares repurchased in the latest actions, but continued buybacks may signal management’s confidence in the company’s value and its commitment to returning capital to shareholders.
  • The moratorium on new share issues and treasury share sales until 25 March 2026 ensures no immediate dilution, which may also be supportive of the share price in the short term.
• No Treasury Share Sales:
  • There have been no sales of treasury shares, and none are currently held in treasury, meaning all buybacks directly reduce the share count.

5. Additional Context

• Regulatory Compliance:
  • All share repurchases on the London Stock Exchange have been conducted in accordance with domestic rules and the Hong Kong Stock Exchange’s requirements.

Conclusion

Prudential plc’s continued share buyback activity and the resulting reduction in issued share capital are key developments for current and potential investors. These actions are generally viewed positively by the market, as they can enhance shareholder value by improving per-share financial metrics and demonstrating management’s confidence in the company’s prospects. The enforced moratorium on new share issues in the coming month further ensures stability in the share base, which could influence short-term share price movements.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review all available information and consult their professional advisors before making any investment decisions. The information is based on official company disclosures and regulatory filings as of 24 February 2026. Market conditions and company strategies may change without notice.

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