Prudential plc Announces Share Repurchase and Cancellation Activities

Date: 22 April 2026

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

Key Highlights of the Announcement

• Prudential plc has executed further share repurchases, with notable changes to its issued share capital.
• Significant number of shares repurchased on both 20 April and 21 April 2026, which may impact the company’s share value and capital structure.
• Repurchase mandate utilization and moratorium on new share issues disclosed.

Detailed Overview of Share Capital Changes

Changes in Issued Shares (Excluding Treasury Shares)

• Opening Balance as at 20 April 2026: 2,524,024,797 shares
• Shares Repurchased on 17 April 2026 and Cancelled on 21 April 2026:
  • Number of shares repurchased and cancelled: 306,299
  • Percentage of existing issued shares: 0.012135%
  • Average repurchase price per share: GBP 11.0579
• Closing Balance as at 21 April 2026: 2,523,718,498 shares

Shares Repurchased for Cancellation but Not Yet Cancelled

• On 20 April 2026:
  • Number of shares: 429,985
  • Percentage of existing issued shares: 0.017036%
  • Average repurchase price: GBP 11.154
• On 21 April 2026:
  • Number of shares: 282,858
  • Percentage of existing issued shares: 0.011207%
  • Average repurchase price: GBP 11.2014

Repurchase Report: Key Details

• Trading Date: 21 April 2026
• Number of Shares Repurchased: 282,858
• Method of Repurchase: On another stock exchange (London Stock Exchange)
• Price Range:
  • Highest repurchase price per share: GBP 11.27
  • Lowest repurchase price per share: GBP 11.145
• Total Aggregate Amount Paid: GBP 3,168,392.96
• All repurchased shares are intended for cancellation, not to be held as treasury shares.

Repurchase Mandate Utilization

• Mandate Date: 14 May 2025
• Total Shares Authorized for Repurchase: 262,668,701 shares
• Total Shares Repurchased Under Mandate (to date): 83,440,116 shares
• Percentage of Mandate Utilized: 3.20%

Moratorium on Issue of New Shares

• After these repurchases, no new shares may be issued, nor treasury shares sold or transferred, until 21 May 2026, unless prior approval from the Exchange is obtained. This is in line with regulatory requirements after share buybacks.

Important Considerations for Shareholders

• Share Buybacks and Share Value: The ongoing share repurchases and cancellations directly reduce the number of outstanding shares, which may enhance earnings per share (EPS) and could potentially support the share price if market conditions remain unchanged.
• Capital Allocation: The substantial amount spent on buybacks (millions of GBP in recent transactions) demonstrates the company’s ongoing commitment to returning value to shareholders.
• Future Share Issuance: The moratorium means no dilution from new shares or sales of treasury shares until late May 2026, potentially providing stability to the issued share base.
• Price Sensitivity: These buyback activities are material and may influence the market perception of Prudential plc’s valuation, financial strength, and capital management strategy.

Other Disclosures

• No On-Market Sale of Treasury Shares: There were no on-market sales of treasury shares during this period.
• Confirmation: All repurchases on the London Stock Exchange were executed in accordance with applicable domestic rules.

Conclusion

Prudential plc’s continued share repurchase and cancellation activities reflect an active approach to capital management, which could have a significant impact on shareholder value. Investors should monitor further updates, as additional buybacks or changes in capital structure may influence Prudential’s share price and overall market sentiment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional advisor before making investment decisions. The information is based on company filings and may be subject to change.

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