Man Group commences $100m share buyback programme

Approximately 66 million shares

Mike Sheen
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Man Group CEO Luke Ellis
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Man Group CEO Luke Ellis

Man Group is set to commence a share buyback programme valued at up to $100m for around 66 million shares

The $108bn AUM asset management giant led by CEO Luke Ellis revealed in a stock exchange announcement this morning (18 September) that the programme will run from today through to 17 September 2021. Man Group duo: 'Helicopter money' policies could spell 'trouble' for multi-asset funds Man Group, which has a market cap of £1.7bn, said the purpose of the share buyback programme is to reduce its share capital, with repurchased shares set to be cancelled, and to enable the firm to meet obligations arising from employee share option programmes or other allocations of shares to employees. ...

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