[6-K] PRUDENTIAL PLC Current Report (Foreign Issuer)
Prudential plc bought 271,047 ordinary shares on 15 September 2025 from Merrill Lynch International under the authority granted at its 2025 Annual General Meeting and the arrangement announced on 1 July 2025. The shares were repurchased as an on-exchange transaction subject to London Stock Exchange Listing Rules and treated as an on-market purchase under the Hong Kong Code on Share Buy-Backs. The company intends to cancel the repurchased shares, leaving 2,568,487,248 shares in issue and the same number of voting rights, which shareholders may use as the denominator for FCA disclosure calculations. A trade breakdown by MLI is available at the provided RNS link.
- Repurchase executed under shareholder-approved authority, referencing the 2025 Annual General Meeting and previously announced arrangement with Merrill Lynch International.
- Shares will be cancelled, reducing the issued share count to 2,568,487,248, with an updated denominator for FCA disclosure calculations.
- Transaction complied with relevant market rules—executed on the London Stock Exchange and treated as an on‑market purchase under the Hong Kong Code on Share Buy‑Backs.
- None.
Insights
TL;DR: Routine on‑market buyback of 271,047 shares; cancellation reduces share count slightly, neutral to EPS marginally.
The announced purchase is a standard share buyback executed under previously approved authority and existing market arrangements. The transaction size (271,047 shares) is small relative to the total shares outstanding of 2,568,487,248, so the immediate impact on per‑share metrics will be minimal. Execution on the London Stock Exchange and classification as an on‑market purchase for Hong Kong purposes indicates compliance with listing and local buyback rules. No financial figures such as cash spent beyond the executed trade prices are disclosed in aggregate here.
TL;DR: Governance process followed: AGM authority used, buyback through appointed broker, and shares to be cancelled.
The filing explicitly states the repurchase was carried out under shareholder authorisation granted at the 2025 AGM and pursuant to the arrangement with Merrill Lynch International announced 1 July 2025. The company confirms adherence to the Listing Rules and Hong Kong buyback code by treating the trades as on‑exchange/on‑market. Intention to cancel the shares is stated, which aligns with common capital management practices and reduces issued share capital. The disclosure of the post‑transaction share count and voting rights provides transparency for regulatory disclosure thresholds.
FAQ
How many shares did Prudential plc (PUKPF) repurchase on 15 September 2025?
Will Prudential cancel the repurchased shares (PUKPF)?
What is Prudential's updated number of shares in issue after the buyback?
From whom were the shares repurchased and under what arrangement?
Were the buybacks carried out in accordance with market rules?
