PRU (02378) cancels 423,938 shares; outstanding share base reduced to 2.53 billion

Bulletin Express
Mar 16

Prudential plc (stock code: 02378) filed a Next Day Disclosure Return on 16 March 2026 detailing its latest share-buyback activity and changes in issued capital.

• Share cancellation: 423,938 ordinary shares repurchased on 11 March and cancelled on 13 March 2026, trimming the issued share capital by 0.0167%. The total number of issued shares now stands at 2,532,160,059.

• Shares awaiting cancellation: A further 732,399 shares—364,010 bought on 12 March at GBP 10.8282 and 368,389 bought on 13 March at GBP 10.7674—have been repurchased for cancellation but had not yet been cancelled as of the reporting date.

• Latest buyback details (13 March 2026): – Volume: 368,389 shares – Price range: GBP 10.655–10.885 – Aggregate consideration: GBP 3.97 million – Venue: London Stock Exchange

• Repurchase mandate utilisation: Since the current mandate was approved on 14 May 2025, the company has bought back 75,013,833 shares, equivalent to 2.88% of the issued shares outstanding on the mandate date. The authorisation allows repurchases of up to 262,668,701 shares.

• Moratorium period: In accordance with Hong Kong listing rules, Prudential is restricted from issuing new shares until 12 April 2026 following the latest buyback.

The disclosure confirms that all recent purchases were executed outside The Stock Exchange of Hong Kong and complied with the rules of the relevant exchange.

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