[6-K] PRUDENTIAL PLC ADS (REP 2 ORD SHARES) Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Prudential plc purchased 314,629 ordinary shares of 5 pence each from Merrill Lynch International on 29 August 2025 at an aggregated volume-weighted average price of £9.8623, with the London Stock Exchange reporting 314,629 shares at a highest price of £9.9240. The Company intends to cancel the repurchased shares. After cancellation, Prudential will have 2,571,624,386 shares in issue, which is also the total number of voting rights and may be used as the denominator for FCA disclosure obligations. The repurchase was executed as an on-exchange transaction under LSE Listing Rules and as an on-market purchase under the Hong Kong Code on Share Buy-Backs.
Positive
- Repurchase executed under shareholder-authorized program, indicating board action aligned with prior AGM authority
- Intent to cancel repurchased shares reduces issued share count to 2,571,624,386, updating the denominator for FCA disclosure rules
- Transaction reported as compliant with LSE Listing Rules and Hong Kong Code on Share Buy-Backs, with trade breakdown available under MAR
Negative
- None.
Insights
TL;DR: Routine on-market buyback completed and shares to be cancelled, reducing issued share count.
The disclosed transaction is a standard market repurchase executed via Merrill Lynch International on 29 August 2025 for 314,629 ordinary shares at an aggregated VWAP of £9.8623 with execution reported on the London Stock Exchange. The firm's explicit intention to cancel the repurchased shares reduces the company's issued share count to 2,571,624,386, which updates the denominator for regulatory disclosure. This announcement follows the previously disclosed arrangement with MLI and shareholder authority granted at the 2025 AGM, indicating the repurchase sits within an authorized program rather than being an ad-hoc corporate action.
TL;DR: Governance procedures followed; transaction reported under required market and disclosure rules.
The company explicitly states the buyback was conducted as an on-exchange transaction compliant with LSE Listing Rules and as an on-market purchase under the Hong Kong Code on Share Buy-Backs, and references availability of a full trade breakdown under MAR. The notice clarifies the post-transaction voting rights figure for FCA Disclosure Guidance and Transparency Rules, demonstrating adherence to market transparency and shareholder-authority protocols announced 1 July 2025.