Prudential buys back 274,122 shares, reducing issued capital

Prudential plc announced on December 4, 2025, the repurchase and cancellation of 274,122 of its ordinary shares, each valued at 5 pence. The shares were bought back on December 3, 2025, from Merrill Lynch International (MLI) via the London Stock Exchange at an average price of £10.9976 per share. The aggregate price paid for these shares was £3,014,685.61. This action resulted in a 0.010725% reduction in the number of issued shares before the relevant event.

Following the transaction, Prudential plc's total number of issued shares, excluding treasury shares, stands at 2,554,964,911, down from 2,555,238,961 as of December 2, 2025. The company intends to cancel the repurchased shares, bringing the total number of voting rights to 2,554,418,617. This figure is critical for shareholders to determine their notification requirements under the FCA's Disclosure Guidance and Transparency Rules. The repurchase aligns with Main Board Rule 10.06(4)(a) and the Hong Kong Code on Share Buy-Backs.

Prudential plc also confirmed that the repurchases were made on another stock exchange (London Stock Exchange) and complied with the domestic rules governing such purchases. The resolution granting the repurchase mandate was dated May 14, 2025, with 262,668,701 shares authorized for repurchase. To date, 51,742,138 shares have been repurchased on the Exchange or another stock exchange, representing 1.986583% of the issued shares as of the resolution date. A moratorium on issuing new shares or transferring treasury shares is in effect until January 2, 2026.