Man Group announces $125m share buyback
Man Group
209.00p
15:45 22/11/24
0.87%
1.80p
Man Group surged on Friday after it announced the start of a new share buyback programme of up to $125m.
Financial Services
17,214.20
15:44 22/11/24
0.63%
108.57
FTSE 250
20,584.46
15:45 22/11/24
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FTSE 350
4,551.10
15:45 22/11/24
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FTSE All-Share
4,506.61
15:45 22/11/24
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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.