Prudential plc (PRU, HKEX: 02378) reported a fresh round of share repurchases that has marginally reduced its share capital and advanced progress under its existing buy-back mandate.
On 30 March 2026 the group cancelled 383,720 ordinary shares that had been repurchased on 26 March at a volume-weighted average price of GBP 10.6799. This move lowered the total number of issued shares to 2,528.11 billion, a 0.02% decrease from the 2,528.49 billion shares outstanding on 27 March.
Separately, the insurer bought back 390,805 shares on 30 March via the London Stock Exchange at prices ranging between GBP 10.125 and GBP 10.325, spending GBP 4.00 million. These shares, together with 379,780 shares repurchased on 27 March at an average GBP 10.4349, remain pending cancellation. Combined, 770,585 shares awaiting cancellation represent a further 0.03% of the current share base.
Since shareholder approval of the repurchase mandate on 14 May 2025, Prudential has acquired 79.11 million shares, equivalent to 3.04% of the shares outstanding on the mandate date. The company still has authority to repurchase up to 183.56 million additional shares before the mandate’s limit of 262.67 million shares is reached.
Under Hong Kong Listing Rule 10.06, Prudential is subject to a moratorium on issuing new shares or disposing of treasury shares until 29 April 2026 following the latest buy-back activity.
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