[6-K] PRUDENTIAL PLC ADS (REP 2 ORD SHARES) Current Report (Foreign Issuer)
Prudential plc reports a purchase of 288,690 ordinary shares of 5 pence each from Merrill Lynch International on 10 September 2025 under the authority granted at its 2025 Annual General Meeting and the arrangement announced on 1 July 2025. The shares were repurchased on-exchange on the London Stock Exchange and treated as an on-market purchase under the Hong Kong Code on Share Buy-Backs.
The company intends to cancel the repurchased shares. After this transaction Prudential will have 2,569,340,053 shares in issue and the same number of voting rights, a figure shareholders may use as the denominator for FCA disclosure thresholds. A full breakdown of individual trades executed by Merrill Lynch International is available via the provided RNS link.
- Repurchase disclosed with exact volume and execution date (288,690 shares on 10 September 2025).
- Company intends to cancel repurchased shares, with post-transaction issued share count provided (2,569,340,053).
- Transaction executed on-exchange and disclosed as compliant with London Stock Exchange Listing Rules and the Hong Kong Code on Share Buy-Backs.
- Detailed trade breakdown available via RNS link under Market Abuse Regulation transparency requirements.
- None.
Insights
TL;DR: Prudential executed a small on-market buyback and will cancel the shares, reducing issued share capital.
The announcement confirms a specific repurchase of 288,690 ordinary shares on 10 September 2025, purchased from Merrill Lynch International and intended for cancellation. The disclosure provides the post-transaction issued share count of 2,569,340,053 and notes compliance with LSE Listing Rules and the Hong Kong Code on Share Buy-Backs. The filing includes a link to the disaggregated trade details, supporting transparency. The scale of the transaction relative to the total shares outstanding is small based on the stated counts.
TL;DR: The buyback follows shareholder authorization and includes regulatory-compliant disclosure of volumes and post-transaction share count.
The Company cites shareholder authority from the 2025 AGM and an arrangement with Merrill Lynch International announced 1 July 2025, indicating procedural compliance. The notice explicitly states the Company intends to cancel the repurchased shares and provides the precise updated issued share and voting rights figure for regulatory transparency. The announcement directs investors to detailed trade breakdowns consistent with Market Abuse Regulation requirements.