Prudential completes share buyback, plans cancellation of 299,774 shares

Prudential plc, a leading life and health insurer, has completed a buyback of 299,774 of its ordinary shares, each with a nominal value of 5 pence. The transaction, executed on October 27, 2025, involved Merrill Lynch International and was conducted under the authority granted by shareholders at the company's 2025 annual general meeting. The shares were purchased at an average price of £10.4610, with the lowest price paid per share being £10.3050 and the highest £10.5050. Prudential intends to cancel these repurchased shares.

Following this cancellation, the total number of ordinary shares in issue and voting rights in the company will stand at 2,562,021,615. This figure is crucial for shareholders to determine their notification requirements under the FCA's Disclosure Guidance and Transparency Rules. The buyback was carried out as an on-exchange transaction in accordance with London Stock Exchange Listing Rules and as an on-market purchase for the Hong Kong Code on Share Buy-Backs.

Prudential plc maintains dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange, alongside secondary listings on the Singapore Stock Exchange and the New York Stock Exchange via American Depositary Receipts. The company's board of directors, as of the announcement date, includes chair Shriti Vadera and chief executive Anil Wadhwani.