Prudential evaluates ICICI listing, buys back shares

Prudential Plc [HKEX:2378] has announced that it is evaluating a potential listing of ICICI Prudential Asset Management, involving a partial divestment of its shares, subject to market conditions and approvals, with proceeds intended for shareholders. This move underscores India's strategic importance to Prudential's growth plans. Separately, Prudential continues its share buyback program. On February 7, 2025, it purchased 700,000 of its own shares at prices ranging from GBP 6.6400 to GBP 6.7680. On February 12, 2025, Prudential bought back an additional 260,000 shares at prices between GBP 6.8920 and GBP 7.4400. The company intends to cancel the purchased shares. Following these transactions, the number of shares in issue will be 2,637,657,123. Prudential is executing these buybacks through Barclays Securities Limited on the London Stock Exchange, adhering to relevant regulations.