UBS discloses 5.09% stake in Prudential PLC

Prudential plc reports that UBS Group, via UBS AG and related entities, has crossed a major shareholding threshold.

Rhea-AI Filing Summary

Prudential plc reports that UBS Group, via UBS AG and related entities, has crossed a major shareholding threshold. UBS now holds 4.988492% of Prudential’s voting rights through shares and a further 0.105874% through financial instruments, giving a combined 5.094366% and 128,810,570 voting rights in total.

Most voting rights come from 126,133,534 shares, with additional exposure through instruments such as depositary receipts, options, equity swaps and a reverse convertible bond. UBS Group AG appears as ultimate controlling person across several ownership chains, each showing a total of 5.082539% voting rights.

Insights

Equity ownership and disclosure analyst

UBS crossing 5% in Prudential is a notable but administrative disclosure.

The notification shows UBS Group building a combined 5.094366% voting interest in Prudential plc, mainly via 126,133,534 shares and a range of derivatives. Crossing 5% triggers mandatory disclosure under major shareholding rules rather than signaling a specific corporate action.

UBS’s exposure is diversified across instruments such as depositary receipts, long call options, equity swaps and a reverse convertible bond, each with defined maturities. The overall position size and mix may matter to investors, but the filing itself simply records the stake and control chains of UBS entities.

Key Figures

Total voting stake: 5.094366% Voting rights from shares: 4.988492% Voting rights from instruments: 0.105874% +5 more

8 metrics

Total voting stake 5.094366% Combined voting rights in Prudential plc on threshold-crossing date

Voting rights from shares 4.988492% Direct share-based voting rights in Prudential plc

Voting rights from instruments 0.105874% Voting rights via financial instruments (8.B1 + 8.B2)

Total voting rights held 128,810,570 Total Prudential plc voting rights linked to UBS position

Shares voting rights 126,133,534 Voting rights attached to Prudential plc shares (Sub Total 8.A)

Financial instruments 8.B1 1,267,990 Voting rights from depositary receipts and long call option (Sub Total 8.B1)

Financial instruments 8.B2 1,409,046 Voting rights from long call, short put, swaps, reverse convertible (Sub Total 8.B2)

UBS Group chain percentage 5.082539% Total voting rights for UBS Group AG/UBS AG in each ownership chain

Key Terms

voting rights attached to shares, financial instruments, Equity Swaps, Reverse Convertible Bond, +2 more

6 terms

voting rights attached to shares financial

"% of voting rights attached to shares (total of 8.A)"

financial instruments financial

"% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)"

Financial instruments are assets or contracts that hold monetary value and can be bought, sold, or traded. They serve as tools for investors to grow, protect, or transfer money, much like how a ticket or voucher can be used to access goods or services. These instruments help individuals and organizations manage financial goals and risks across different markets and economic conditions.

Equity Swaps financial

"Equity Swaps | 23/04/2026 - 26/03/2029 | | Cash | 12930 | 0.000511"

Reverse Convertible Bond financial

"Reverse Convertible Bond | 27/04/2026 | | Physical | 82386 | 0.003258"

Depositary Receipts financial

"Depositary Receipts (US74435K2042) | | At any time | 180792 | 0.007150"

A depositary receipt is a certificate issued by a bank that represents ownership of shares in a foreign company and can be bought and sold on a local stock exchange. Think of it as a proxy share held in a safe abroad so investors can trade and receive dividends in their own market and currency, making it easier to access foreign companies while exposing investors to the issuer’s underlying business and cross‑border risks.

Short Put Option financial

"Short Put Option | 19/06/2026 - 18/06/2027 | | Physical | 1297000 | 0.051295"

A short put option is when an investor sells (writes) a put contract, taking on the obligation to buy the underlying stock at a set strike price if the option buyer chooses to exercise before expiration. The seller receives a premium up front, so it can be thought of like taking a fee in exchange for agreeing to buy something later at a fixed price; it matters because it creates immediate income but also exposes the seller to the risk of having to purchase the stock if its market price falls below the strike.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major shareholding in Prudential plc (PUK) is disclosed by UBS?

UBS Group, primarily through UBS AG, reports a combined 5.094366% voting interest in Prudential plc. This consists of 4.988492% from directly held shares and 0.105874% via financial instruments, representing 128,810,570 total voting rights linked to the company.

How many Prudential plc voting rights does UBS hold directly through shares?

UBS holds 126,133,534 Prudential plc voting rights directly through shares, equal to 4.988492% of total voting rights. This share-based exposure forms the core of UBS’s position, alongside a smaller portion held through various derivative and structured financial instruments.

What proportion of Prudential plc (PUK) does UBS hold via financial instruments?

UBS holds 0.105874% of Prudential plc voting rights through financial instruments. These include depositary receipts, long call options, short put options, equity swaps, swaps on baskets and a reverse convertible bond, adding 1,267,990 plus 1,409,046 potential voting rights across separate instrument categories.

Who is identified as the ultimate controlling person for the Prudential stake?

The filing identifies UBS Group AG as the ultimate controlling person for the Prudential plc position. Across several ownership chains, UBS Group AG and UBS AG are shown with 4.987594% voting rights and a total of 5.082539%, reflecting consolidated control of the disclosed holdings.

Which derivatives does UBS use to gain exposure to Prudential plc (PUK)?

UBS uses multiple derivatives to gain additional Prudential exposure, including long call options, short put options, equity swaps, swaps on baskets and a reverse convertible bond. These instruments have various maturity ranges between 2026 and 2030 and together add a modest layer of voting-rights-linked exposure.

What triggered this major holdings notification in Prudential plc?

The notification was triggered when UBS’s total voting interest in Prudential plc reached 5.094366%, passing the 5% disclosure threshold. Such a crossing obliges the holder to inform the issuer and market about their aggregated voting rights position and the structures through which it is held.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Accepted by SEC EDGAR 03/31/2026 - 07:13 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of March, 2026

PRUDENTIAL PUBLIC LIMITED COMPANY

(Translation of registrant's name into English)

13/F, One International Finance Centre,

1 Harbour View Street, Central,

Hong Kong, China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports

under cover Form 20-F or Form 40-F.

Form 20-F X           Form 40-F

Indicate by check mark whether the registrant by furnishing the information

contained in this Form is also thereby furnishing the information to the

Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes              No X

If "Yes" is marked, indicate below the file number assigned to the registrant

in connection with Rule 12g3-2(b): 82-

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0007099541

Issuer Name

Prudential Public Limited Company

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

UBS Group AG-Investment Bank & Global Wealth Management

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Name	City of registered office	Country of registered office
UBS AG	London	United Kingdom

5. Date on which the threshold was crossed or reached

26-Mar-2026

6. Date on which Issuer notified

30-Mar-2026

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	4.988492	0.105874	5.094366	128810570
Position of previous notification (if applicable)	0.000000	0.000000	0.000000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB0007099541		126133534		4.988492
Sub Total 8.A	126133534		4.988492%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Depositary Receipts (US74435K2042)		At any time	180792	0.007150
Right to recall on Depositary Receipts (US74435K2042)		At any time	140198	0.005545
Long Call Option	18/12/2026 - 18/06/2027		947000	0.037453
Sub Total 8.B1			1267990	0.050148%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Long Call Option	13/04/2026 - 29/05/2026		Cash	15575	0.000616
Short Put Option	19/06/2026 - 18/06/2027		Physical	1297000	0.051295
Equity Swaps	23/04/2026 - 26/03/2029		Cash	12930	0.000511
Swaps on Baskets	14/07/2027 - 30/09/2030		Cash	1155	0.000046
Reverse Convertible Bond	27/04/2026		Physical	82386	0.003258
Sub Total 8.B2				1409046	0.055726%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
UBS Group AG (Chain 1)
UBS Group AG (Chain 1)	UBS AG	4.987594		5.082539%
UBS Group AG (Chain 2)
UBS Group AG (Chain 2)	UBS AG	4.987594		5.082539%
UBS Group AG (Chain 2)	UBS Switzerland AG
UBS Group AG (Chain 3)
UBS Group AG (Chain 3)	UBS AG	4.987594		5.082539%
UBS Group AG (Chain 3)	UBS Bank (Canada)
UBS Group AG (Chain 4)
UBS Group AG (Chain 4)	UBS AG	4.987594		5.082539%
UBS Group AG (Chain 4)	UBS Americas Holding LLC
UBS Group AG (Chain 4)	UBS Americas Inc.
UBS Group AG (Chain 4)	UBS Securities LLC

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

30-Mar-2026

13. Place Of Completion

Zurich, Switzerland

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: 31 March 2026

PRUDENTIAL PUBLIC LIMITED COMPANY

By: /s/ Sylvia Edwards

Sylvia Edwards

Deputy Group Secretary