Prudential plc Announces Further Share Repurchases and Cancellations

Date: 21 April 2026

Issuer: Prudential plc (Stock Code: 02378, Ordinary shares of GBP 0.05 each)

Key Highlights from the Next Day Disclosure Return

• Share Repurchase and Cancellation: Prudential plc has repurchased and cancelled 298,331 ordinary shares on 20 April 2026 at a volume-weighted average price of GBP 11.2418 per share.
• Outstanding Repurchases Not Yet Cancelled:
  • 306,299 shares repurchased on 17 April 2026 (GBP 11.0579 per share) remain pending cancellation.
  • 429,985 shares repurchased on 20 April 2026 (GBP 11.154 per share) remain pending cancellation.
• Updated Share Capital: After the latest cancellation, the total number of issued shares (excluding treasury shares) now stands at 2,524,024,797, down from 2,524,323,128.
• No Treasury Shares: The company continues to hold no treasury shares.

Details of Latest Share Repurchase

• Repurchase Date and Venue: 20 April 2026, executed on the London Stock Exchange.
• Volume: 429,985 ordinary shares.
• Price Range: Highest repurchase price: GBP 11.235; Lowest: GBP 11.095.
• Total Aggregate Price Paid: GBP 4,796,043.87.
• Purpose: All shares repurchased are intended for cancellation; none are held as treasury shares.

Repurchase Mandate and Capacity

• Repurchase Mandate Approval Date: 14 May 2025.
• Total Shares Authorised for Repurchase: 262,668,701.
• Total Shares Repurchased Under Mandate So Far: 83,157,258 (representing 3.19% of the issued shares as at the mandate date).
• Moratorium on New Issues: Prudential cannot issue new shares or sell/transfer treasury shares until 20 May 2026, 30 days post the latest repurchase, unless prior Exchange approval is obtained.

Investor Impact and Price Sensitivity

Shareholder Value: The ongoing share repurchase programme can be viewed as a shareholder-friendly initiative, as it reduces the outstanding share count, potentially increasing earnings per share (EPS) and supporting the share price. The significant volume and value of shares being repurchased and cancelled indicate management’s confidence in the company’s intrinsic value and capital position.

Price Sensitivity: Investors should note the repurchase prices, which were executed at levels above GBP 11 per share. This could be interpreted as a signal of management’s valuation threshold and may provide near-term support for the share price. However, the 30-day moratorium on new share issuance may limit near-term dilution risk.

Potential Share Price Impact: The reduction in share count and continued repurchases could positively influence share price performance, especially if the market interprets this as a sign of strong capital management and excess cash generation.

Additional Notes

• All repurchases were conducted on the London Stock Exchange and in accordance with domestic regulations.
• No sale of treasury shares was reported during the period.
• The company confirms compliance with all relevant Hong Kong and London Stock Exchange rules regarding share repurchases.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should perform their own due diligence and consult with professional advisors before making investment decisions. The information is based on official disclosures submitted by Prudential plc as of 21 April 2026, and may be subject to change without notice.

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