Man Group announces $125m share buyback
Man Group
262.00p
16:40 03/02/23
0.65%
1.70p
Man Group surged on Friday after it announced the start of a new share buyback programme of up to $125m.
Financial Services
12,423.21
17:09 03/02/23
1.51%
184.78
FTSE 250
20,593.46
17:04 03/02/23
n/a
n/a
FTSE 350
4,380.88
17:09 03/02/23
n/a
n/a
FTSE All-Share
4,339.71
16:50 03/02/23
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The investment manager said the programme is in line with its policy to distribute capital to shareholders "while maintaining a prudent balance sheet after taking into account required capital and potential strategic opportunities".
The programme will run from 9 December 2022 to 8 December 2023.
At 0845 GMT, the shares were up 6% at 216.50p.