Prudential Launches First Phase of USD 700 Million Buyback Under Its USD 2 Billion Share Repurchase Program

Prudential launched the first tranche of its US$2 billion share buyback program, a US$700 million repurchase, with Goldman Sachs International appointed as a risk-free principal to independently execute trading decisions. The first tranche of the buyback runs from June 24, 2024, to December 27, 2024, with a maximum of 200 million ordinary shares repurchased. The repurchased shares will be cancelled, and no related buyback operations will be conducted on the Hong Kong Stock Exchange.