Prudential reduces share count through latest buyback and cancellation

Prudential plc submitted its Next Day Disclosure Return on October 22, 2025, detailing a reduction in its total issued shares. The company repurchased and cancelled 312,557 ordinary shares of £0.05 each on October 21, 2025. This cancellation reduced the number of issued shares (excluding treasury shares) from 2,564,068,247 to 2,563,755,690, representing a 0.01219% decrease based on the opening balance. The average repurchase price for these cancelled shares was £9.8159.

The company also disclosed details of shares repurchased for cancellation but not yet cancelled. As of October 21, 2025, 283,694 shares were repurchased at an average price of £10.1212. These repurchases were executed on the London Stock Exchange. The total aggregate price paid for these 283,694 shares was £2,871,325.21.

Prudential’s current repurchase mandate, approved on May 14, 2025, authorizes the company to repurchase up to 262,668,701 shares. To date, 43,245,322 shares have been repurchased under this mandate, representing 1.660357% of the issued shares (excluding treasury shares) as at the date of the resolution. A moratorium period for new share issues or treasury share sales following these repurchases extends until November 20, 2025.