Prudential plc Executes Further Share Buybacks in February 2026

Key Highlights from the Disclosure Return

• Issuer: Prudential plc (Stock code: 02378)
• Type of Shares: Ordinary shares of GBP 0.05 each, listed on The Stock Exchange of Hong Kong Limited.
• Date of Disclosure: 26 February 2026

Detailed Share Repurchase Activity

Prudential plc has disclosed significant share repurchase activities, continuing its ongoing capital management and buyback programme:

• Shares Repurchased and Cancelled:
  • On 23 February 2026, Prudential repurchased 335,080 shares which were cancelled on 25 February 2026 at a volume-weighted average price of GBP 11.3801 per share. This represented a 0.0132% reduction in the company’s issued shares.
• Shares Repurchased for Cancellation but Not Yet Cancelled:
  • On 24 February 2026: 453,332 shares repurchased at GBP 11.0837 per share (0.0179% of issued shares).
  • On 25 February 2026: 291,893 shares repurchased at GBP 11.2716 per share (0.0115% of issued shares).
• Closing Balance:
  • After these transactions, the company’s total number of issued shares (excluding treasury shares) stands at 2,536,577,427.

Repurchase Details and Authorisation

• Repurchases on 25 February 2026 were conducted on the London Stock Exchange (not on the HKEX). The price range for these transactions was between GBP 11.165 and GBP 11.35 per share, with a total aggregate amount paid of GBP 3,290,097.38.
• The share repurchase programme was authorised by a resolution passed on 14 May 2025, which granted approval to repurchase up to 262,668,701 shares.
• As of this disclosure, Prudential has repurchased a total of 70,609,291 shares under this mandate, representing 2.71% of the issued shares as at the date of the resolution.

Moratorium on New Issues

Following the share repurchase activities, Prudential plc is subject to a moratorium period until 27 March 2026. During this period, the company cannot issue new shares, nor sell or transfer any treasury shares, without prior approval from the exchange.

Implications for Shareholders and Potential Price Impact

• Capital Management: The ongoing share buyback demonstrates Prudential plc’s commitment to returning value to shareholders and managing capital efficiently. Share repurchases generally reduce the total number of shares outstanding, which can have a positive effect on earnings per share (EPS) and potentially support the share price.
• Buyback Execution: The volume-weighted average prices for these buybacks are above GBP 11 per share, reflecting management’s confidence in the company’s valuation and prospects.
• Restriction on New Issues: The moratorium on new share issues and treasury share sales until late March 2026 may limit dilution risk for existing shareholders in the near term.
• Ongoing Authorisation: With a significant portion of the buyback mandate still available, further repurchase activity is possible, which could continue to impact share supply and market dynamics.

Additional Notes

• No shares were repurchased for holding as treasury shares; all shares were repurchased for cancellation.
• All repurchases were conducted in compliance with the rules of the London Stock Exchange.
• No on-market sale of treasury shares has been reported in this disclosure.

Conclusion

The continued execution of Prudential plc’s share buyback programme, combined with the restriction on new share issuance, represents a significant capital event that may influence the company’s share price and is important for investors to monitor.

Disclaimer: This article is a summary and interpretation of Prudential plc’s official regulatory disclosure. It is provided for informational purposes only and does not constitute investment advice. Investors should review all official documents and consult their financial adviser before making investment decisions.

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