Prudential Launches Share Buyback Program to Offset Dilution from 2023 Employee and Agent Share Plan Issuance

Prudential plc announced the launch of a share buyback program, intending to repurchase 3,851,376 ordinary shares with a par value of 5 pence each to offset the equity dilution caused by vested awards under the 2023 employee and agent share plan. The total budget for this buyback is up to GBP 38 million, with the buyback period running from January 8, 2024 to January 26, 2024. Barclays Capital Securities Limited will execute the buyback, and the repurchased shares will be cancelled.