Jupiter Fund Management has extended the timeline its share buyback programme as it falls short of the £10m target by year-end.
The firm announced on 24 October that it was initiating a programme to buyback up to £10m in shares, as part of the company's target to return at least 70% of underlying earnings per share for 2021 and 2022. Jupiter initiates share buyback as AUM takes hit despite slowing outflows The original end date was set for 31 December 2022, by which point the firm estimated it would have completed its operation, but in an RNS post today (22 December) the company said it had only repurchased about £8m in total, or 6,673,459 ordinary shares. In the statement, it said: "The company confirms t...
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