Henderson Group begins share buyback

Global investment management company Henderson Group announced on Wednesday its intention to start its on-market share buyback programme on 1 June.

Under the buyback, the FTSE 250 firm intends to expend an aggregate maximum amount of £25m to buy its ordinary shares on the London Stock Exchange, and to buy its CHESS Depository Interests on the ASX - in each case through Merrill Lynch International.

The company’s board said the buyback will be completed by 31 December.

“Any purchases will be effected in accordance with the company's general authority to purchase shares and CDIs granted by its shareholders at the company's 2016 annual general meeting and in accordance with all relevant regulatory requirements,” the Henderson Group board said in a statement.