Man Group announces $125m share buyback
Man Group
254.20p
15:44 19/04/24
-5.36%
-14.40p
Man Group surged on Friday after it announced the start of a new share buyback programme of up to $125m.
Financial Services
14,035.30
15:45 19/04/24
-0.92%
-129.65
FTSE 250
19,373.88
15:45 19/04/24
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n/a
FTSE 350
4,335.64
15:45 19/04/24
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FTSE All-Share
4,291.19
15:45 19/04/24
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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.