Man Group begins $250m share buyback programme

Maximum of 96,009,523 shares

Elliot Gulliver-Needham
clock • 1 min read
 The move follows a $100m share buyback programme Man Group initiated in August 2021, which saw about 130,000,000 shares targeted for repurchase.
Image:

The move follows a $100m share buyback programme Man Group initiated in August 2021, which saw about 130,000,000 shares targeted for repurchase.

Man Group is set to engage in a share buyback programme of up to $250m, with the first tranche of up to $125m to begin today (8 December).

The firm confirmed today that it will repurchase up to 96,009,523 shares in a bid to reduce the share capital of the firm and enable it to meet obligations arising from employee share option programmes....

To continue reading this article...

Join Investment week

  • 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 Industry

Andrew Shepherd, CEO of Brooks Macdonald

Brooks Macdonald set to acquire Integrity Wealth Solutions

Funds under management of £250m

Elliot Gulliver-Needham
clock 23 May 2022 • 2 min read
Partner insight: Taking on climate change through fixed income
ESG

Partner insight: Taking on climate change through fixed income

ESG challenges are complicated and diverse for many asset classes, and fixed income is no exception

Invesco
clock 23 May 2022 • 1 min read
Kelly Mullane of the Diversity Project

Diversity Project: Why hiring veterans makes good business sense

Veterans workstream lead

Kelly Mullane
clock 23 May 2022 • 4 min read
Trustpilot