Prudential plc Announces Share Repurchase and Updates on Issued Share Capital

Key Highlights from the Next Day Disclosure Return

• Issuer: Prudential plc
• Date of Disclosure: 15 April 2026
• Class of Shares: Ordinary shares of GBP 0.05 each (Stock Code: 02378, listed on Hong Kong Stock Exchange)

Summary of Issued Share Changes and Share Buyback

Prudential plc has executed a share repurchase, which could be significant for shareholders and may impact the company’s share price and capital structure. The company’s latest Next Day Disclosure Return provides a detailed account of recent changes in its issued share capital:

• Opening Balance (as of 13 April 2026): 2,525,338,119 issued shares.
• Repurchase and Cancellation: On 10 April 2026, shares were repurchased and subsequently cancelled on 14 April 2026. The total number of shares repurchased and cancelled was 252,590 shares, at a volume-weighted average price of GBP 11.2279 per share. This represents approximately 0.0100% of the issued share capital.
• Closing Balance (as of 14 April 2026): 2,525,085,529 issued shares, with no treasury shares held.

Shares Repurchased but Not Yet Cancelled

• On 13 April 2026: 256,174 shares were repurchased for cancellation (not yet cancelled at the reporting date), at a price of GBP 11.0644 per share.
• On 14 April 2026: 251,634 shares were repurchased for cancellation (not yet cancelled at the reporting date), at a price of GBP 11.1665 per share.

Details of the Most Recent Repurchase

On 14 April 2026, Prudential plc repurchased 251,634 ordinary shares on the London Stock Exchange (not on the Hong Kong Exchange). The repurchase prices ranged from GBP 10.995 to GBP 11.31 per share, with a total aggregate price paid of GBP 2,809,880.36.

Repurchase Mandate and Remaining Capacity

• Repurchase Mandate Date: 14 May 2025
• Total Number of Shares Authorised for Repurchase: 262,668,701
• Total Number of Shares Repurchased under the Mandate (to date): 81,868,050, representing approximately 3.14% of the issued share capital as of the mandate date.
• Moratorium Period: The company is not allowed to issue new shares, or sell or transfer any treasury shares, until 14 May 2026 (30 days after the repurchase), unless prior approval is obtained from the Exchange.

Shareholder Impact and Price Sensitivity

• The ongoing share repurchase program demonstrates Prudential plc’s commitment to returning value to shareholders, potentially enhancing Earnings Per Share (EPS) and supporting the share price by reducing the number of shares in circulation.
• The scale of the repurchase is significant, with over 81 million shares bought back under the current mandate. This may signal management’s confidence in the company’s valuation and future prospects.
• The moratorium on issuing new shares or selling treasury shares until 14 May 2026 ensures that dilution risk is minimized in the short term.
• Investors should monitor future repurchase activity, as continued buybacks may further influence the share price and capital structure, potentially making the stock more attractive in the near term.
• The repurchase prices suggest the company is willing to buy shares at current market levels, which may provide a floor for the share price.

Other Notable Information

• All repurchases reported were made on the London Stock Exchange, in compliance with local rules.
• No sale of treasury shares was reported in this disclosure.

Conclusion

Prudential plc’s active share repurchase and cancellation program is a material event for shareholders. Such actions can improve shareholder returns, support the share price, and enhance capital efficiency. Investors should continue to monitor Prudential’s buyback activity, as further reductions in share capital could have ongoing positive effects on key per-share metrics and market sentiment.

Disclaimer: This report is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions. The information is based on company disclosures and may be subject to change without notice.

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