Man Group is set to engage in a share buyback programme of up to $250m, with the first tranche of up to $125m to begin today (8 December).
The firm confirmed today that it will repurchase up to 96,009,523 shares in a bid to reduce the share capital of the firm and enable it to meet obligations arising from employee share option programmes. Man Group said the most recent programme will run from today (8 December) through to 7 December 2022. The move follows a $100m share buyback programme Man Group initiated in August 2021, which saw about 130,000,000 shares targeted for repurchase. Alternatives bolster Man Group assets as long-only detracts in Q3 Share purchases will take place in open market transactions and may b...
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