Man Group commences $100m share buyback programme

Approximately 66 million shares

Mike Sheen
clock • 1 min read

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. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: Navigating a new era for investing

Partner Insight: Navigating a new era for investing

Across the developed world, inflation is back and here to stay, says Wellington Management’s John Butler.

Sarka Halas
clock 13 March 2024 • 2 min read
Partner Insight: Should investors go global for more impact?

Partner Insight: Should investors go global for more impact?

Global investing offers scope for broader social impact as well as financial returns.

Sarka Halas
clock 11 March 2024 • 1 min read
Women in Investment Awards winner interview: Omotunde Lawal from Barings

Women in Investment Awards winner interview: Omotunde Lawal from Barings

Supporting the next generation

Katrina Lloyd
clock 07 March 2024 • 1 min read
Trustpilot