Prudential repurchases shares for cancellation, aims to boost shareholder value

Prudential plc announced on October 20, 2025, that it has repurchased 312,557 of its ordinary shares of 5 pence each from Merrill Lynch International. This transaction, executed on October 17, 2025, was in accordance with shareholder authority from the company's 2025 Annual General Meeting. The shares were acquired at an average price of £9.8159 per share, with the lowest price paid at £9.7080 and the highest at £9.9260. The repurchases took place as an on-exchange transaction on the London Stock Exchange.

Following this transaction, Prudential plc intends to cancel the repurchased shares. This will result in the company having 2,563,755,690 shares in issue, with an equivalent number of voting rights. This figure is crucial for shareholders to determine their notification requirements under the FCA's Disclosure Guidance and Transparency Rules. The move aligns with the company's strategic approach to capital management, reducing the number of outstanding shares and potentially enhancing shareholder value.

The announcement also detailed that the shares were purchased from Merrill Lynch International and constituted an on-market purchase for the purposes of the Hong Kong Code on Share Buy-Backs. The detailed breakdown of individual trades made on behalf of Prudential is publicly accessible via a provided link, ensuring transparency in compliance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014.