Business
Repurchase to neutralise share issuances
Prudential plc is initiating a share repurchase programme of approximately 2,200,000 ordinary shares, costing up to GBP 31 million, to offset dilution from shares issued under scrip dividends for the 2024 second interim and 2025 first interim dividends. This programme, which will run from December 15 to December 19, 2025, represents about 0.09% of the company's issued share capital and is expected to marginally enhance earnings per share. The company intends to cancel the repurchased shares and may undertake further repurchases in the future to counter dilution from share schemes. This programme runs concurrently with the final tranche of Prudential's US$2 billion share buyback programme. Disclaimer*
About this update from Prudential Plc
[{"type":"text","content":"\n\nPrudential plc\n \nRepurchase Programme to neutralise 2025 share issuances for scrip dividend\n \nPrudential plc (the \"Company\") announces that it will commence a share repurchase programme in respect of c. 2,200,000[1] ordinary shares of 5 pence each (\"Ordinary Shares\"), in the issued share capital of the Company (the \"Programme\").\n \nThe purpose of the Programme is to reduce the issued share capital of the Company to offset dilution from shares issued under the scrip dividend alternative in respect of the 2024 second interim dividend and the 2025 first interim dividend of 16.29 and 7.71 US cents per Ordinary Share, respectively. Based on the total number of Ordinary Shares in issue announced on 12 December 2025, the Programme approximates to 0.09% of the Company's issued share capital. The Directors consider the Programme to be in the best interests of the Company and of its shareholders generally. Given its small size, the implementation of the Programme is expected to marginally enhance earnings per share.\n \nThe Company intends to make further repurchases of its Ordinary Shares in future including in order to offset issuances under the scrip dividend scheme (if offered) and any expected dilution from the vesting of awards under employee and agent share schemes. The Company will make further announcements in respect of any such repurchases in due course.\n \nDetailed terms of the Programme\n \nThe Company has entered into an arrangement with Merrill Lynch International (\"MLI\") (acting as riskless principal) to conduct the repurchases in respect of the Programme on its behalf.\n \nThe arrangement with MLI enables the purchase of Ordinary Shares for a period from 15 December 2025, and will complete no later than 19 December 2025. The aggregate maximum pecuniary amount allocated to the Programme is GBP 31 million (exclusive of associated fees, expenses and stamp duty) (equivalent to HKD 322.2 million and USD 41.4 million, based on the closing exchange rate between USD and GBP and USD and HKD as of 12 December 2025 HKT).\n \nMLI may effect purchases of Ordinary Shares under the Programme on the London Stock Exchange and/or other trading venues[2] for subsequent purchase by the Company. Purchases by the Company will be treated as on-exchange transactions subject to the L...