Man Group announces $125m share buyback
Man Group
206.60p
17:15 09/01/25
1.47%
3.00p
Man Group surged on Friday after it announced the start of a new share buyback programme of up to $125m.
Financial Services
18,332.99
16:44 09/01/25
2.09%
375.85
FTSE 250
20,005.14
16:50 09/01/25
n/a
n/a
FTSE 350
4,563.23
16:44 09/01/25
n/a
n/a
FTSE All-Share
4,517.93
17:05 09/01/25
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.