Man Group announces $125m share buyback
Man Group
212.20p
16:45 01/12/23
0.95%
2.00p
Man Group surged on Friday after it announced the start of a new share buyback programme of up to $125m.
Financial Services
13,944.14
17:04 01/12/23
0.90%
123.95
FTSE 250
18,408.65
17:04 01/12/23
n/a
n/a
FTSE 350
4,136.80
17:04 01/12/23
n/a
n/a
FTSE All-Share
4,094.48
16:54 01/12/23
n/a
n/a
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.