Prudential (NYSE: PUK) cancels 428,598 shares after buyback
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Prudential plc reported that it repurchased 428,598 ordinary shares of 5 pence each on 28 April 2026 from JP Morgan Securities plc under its existing buyback authority.
The shares were bought on the London Stock Exchange at prices between £11.1250 and £11.2850, with an average price of £11.1858 per share, and will be cancelled. After this transaction, Prudential will have 2,521,242,327 shares in issue, which is also the total number of voting rights that shareholders can use as the denominator for disclosure thresholds under the FCA’s Disclosure Guidance and Transparency Rules.
Positive
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Key Figures
Shares repurchased: 428,598 shares
Lowest repurchase price: £11.1250 per share
Highest repurchase price: £11.2850 per share
+3 more
6 metrics
Shares repurchased
428,598 shares
Ordinary shares of 5 pence each bought on 28 April 2026
Lowest repurchase price
£11.1250 per share
Minimum price paid in the 28 April 2026 buyback
Highest repurchase price
£11.2850 per share
Maximum price paid in the 28 April 2026 buyback
Average repurchase price
£11.1858 per share
Average price for 428,598 shares on London Stock Exchange
Shares in issue after buyback
2,521,242,327 shares
Total shares and voting rights following cancellation
VWAP on venue
£11.1858
Volume-weighted average price on London Stock Exchange
Key Terms
voting rights, Disclosure Guidance and Transparency Rules, on-market purchase, Market Abuse Regulation (EU) No 596/2014, +1 more
5 terms
voting rights financial
"the total number of voting rights in the Company will be 2,521,242,327"
Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.
Disclosure Guidance and Transparency Rules regulatory
"notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules"
Disclosure guidance and transparency rules are the standards and regulations that require companies to share clear, timely information about their finances, risks, operations and material events. They matter to investors because consistent, honest reporting is like a car’s dashboard — it reveals the data you need to judge safety and performance and make informed buying or selling decisions. Strong disclosure reduces surprises and helps keep markets fair and efficient.
on-market purchase regulatory
"as an on-market purchase for the purposes of the Hong Kong Code on Share Buy-Backs"
Market Abuse Regulation (EU) No 596/2014 regulatory
"In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014"
volume-weighted average price financial
"Volume-weighted average price | Aggregated volume | Lowest price per share"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
FAQ
What did Prudential plc (PUK) announce in this Form 6-K?
Prudential plc announced it repurchased 428,598 ordinary shares of 5 pence each on 28 April 2026 from JP Morgan Securities plc. The company will cancel these shares, slightly reducing its share count and total voting rights in issue.
Where were the Prudential plc (PUK) buyback trades executed?
The buyback trades were executed on the London Stock Exchange, with JP Morgan Securities plc acting as intermediary. The volume-weighted average price for the 428,598 shares was £11.1858, and the purchases were conducted in line with applicable UK and Hong Kong rules.
Where can investors find detailed trade data for the Prudential plc (PUK) buyback?
Investors can access a full breakdown of individual trades executed by JP Morgan Securities plc through a linked PDF on the London Stock Exchange website. The company also makes this announcement available on its own website, providing additional transparency on the buyback activity.