Prudential plc Announces Recent Share Buybacks and Disclosure Updates

Key Highlights for Investors

• Share Repurchases and Cancellations: Prudential plc has repurchased and cancelled a total of 327,116 ordinary shares on 9 January 2026. This represents a reduction of approximately 0.0128% in the company’s issued share capital.
• Current Share Capital: After the recent cancellations, the total number of issued ordinary shares (excluding treasury shares) stands at 2,547,570,060.
• Ongoing Repurchase Programme: Shares repurchased on 8 January 2026 (331,277 shares at GBP 11.6085 per share) and on 9 January 2026 (330,946 shares at GBP 11.5684 per share) are pending cancellation.
• Aggregate Repurchases: Under the current buyback mandate, Prudential has repurchased a total of 59,532,202 shares, which is 2.29% of the issued shares as of the date of the repurchase mandate (14 May 2025).
• Moratorium Period: Following these buybacks, Prudential is subject to a moratorium on any new share issuance, sale, or transfer of treasury shares until 8 February 2026, unless prior approval is obtained from the Hong Kong Stock Exchange.

Details of Share Repurchases

Prudential’s share repurchase activity is part of its ongoing capital management strategy. On 9 January 2026, the company bought back 330,946 ordinary shares on the London Stock Exchange at prices ranging from GBP 11.475 to GBP 11.63 per share, for a total consideration of GBP 3,828,517.21. These shares are set for cancellation, further reducing Prudential’s outstanding share capital.

The company also repurchased 331,277 shares on 8 January 2026 at an average price of GBP 11.6085 per share. These shares have not yet been cancelled but will be removed from the total issued share count upon settlement.

Potential Price-Sensitive Information for Shareholders

• Reduction in Share Capital: The ongoing share buybacks and cancellations reduce the total number of outstanding shares, which can have a positive effect on key financial metrics such as earnings per share (EPS) and may support the share price, as the same level of earnings is distributed over fewer shares.
• Active Capital Return: The repurchase mandate allows Prudential to buy back up to 262,668,701 shares. With 59,532,202 shares already repurchased, the company still has the flexibility to conduct further buybacks, which may signal management’s confidence in the company’s long-term value and could support the share price.
• Moratorium on Share Issuance: Investors should note the 30-day moratorium (until 8 February 2026) on new share issues or sales of treasury shares following these repurchases. This regulatory requirement prevents dilution of shareholder value in the short term.
• No Treasury Shares Held: As of the latest disclosure, Prudential holds no shares in treasury, meaning all repurchased shares are cancelled rather than held for potential future reissuance.

Shareholder Considerations

The company’s active buyback and cancellation programme is a significant factor for shareholders to monitor, as it directly affects the supply of shares and could influence the market price. Shareholders should be aware that the company is using available capital to return value and signal confidence, but the moratorium on new issues means there will be no immediate dilution risk. Additionally, the pace and price of the buybacks may provide a floor to the share price in the near term.

These actions are typically viewed as shareholder-friendly and may be supportive of share valuations, especially if continued under the current mandate.

Disclaimer: This article is based on disclosures provided by Prudential plc as of 12 January 2026 and is intended for informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities. Investors should consult their financial advisors and consider their own circumstances before making investment decisions.

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