Prudential launches final US$500m share buyback tranche

Prudential plc (HKEX: 2378) has initiated the final US$500 million tranche of its previously announced US$2 billion share buyback program, aimed at returning capital to shareholders. This third tranche, executed through an arrangement with Merrill Lynch International, will run from July 1, 2025, to no later than December 24, 2025. Prudential intends to purchase up to 150,000,000 of its Ordinary Shares on the London Stock Exchange and other trading venues for subsequent cancellation. The buyback will be conducted within regulatory parameters, including the Market Abuse Regulation. The company will make further announcements following share purchases. Prudential has stated no purchases will be made on the Hong Kong Stock Exchange nor in respect of the Company's American Depositary Receipts. The company expects to provide an update on its capital management plan in August 2025.