REG - Man Group plc - Share buyback programme of up to $50 million

ManAnnouncement

Tue 07:00

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RNS Number : 9487D  Man Group plc  12 May 2026

This announcement contains inside information.

 

MAN GROUP PLC - SHARE BUYBACK PROGRAMME OF UP TO US$50 MILLION

Man Group plc (the "Company") announces that it will commence a share buyback
programme of up to US$50,000,000 (the "Share Buyback Programme"). The Company
has appointed Barclays Bank PLC, acting through its investment bank
("Barclays") to conduct the Share Buyback Programme on its behalf and in
accordance with certain parameters.

The maximum number of ordinary shares (the "Shares") that may be repurchased
under the Share Buyback Programme is up to: (i) 115,151,767 shares, being the
number of shares the Company is authorised to purchase pursuant to the
authority granted by shareholders at the Company's 2026 Annual General
Meeting; and (ii) following such expiration, the aggregate number of Shares
authorised to be purchased by the Company under any subsequent buyback
authority granted by shareholder resolution during the Share Buyback Programme
(which in any event shall be less than 15% of the relevant class of the
Company's equity shares at the date of such authority).

The Share Buyback Programme is in line with the Company's policy to distribute
capital to shareholders while maintaining a prudent balance sheet after taking
into account required capital and potential strategic opportunities. The Share
Buyback Programme will run from 12 May 2026 to 11 May 2027.  Purchases of
Shares will be made on the Company's behalf in accordance with the arrangement
with Barclays (as riskless principal) (referred to below) and may continue
independently of and uninfluenced by the Company during any closed period to
which the Company is subject.

The purpose of the Share Buyback Programme is to reduce the share capital of
the Company and to enable the Company to meet obligations arising from
employee share option programmes, or other allocations of shares to employees
of the Company or to members of the administrative, management or supervisory
bodies of the Company, or an associate of the Company.

This arrangement is in accordance with the Company's general authority granted
by the Company's shareholders at the Company's 2026 AGM and will otherwise be
effected within the parameters of the Market Abuse Regulation (EU) 596/2014
and the Commission Delegated Regulation (EU) 2016/1052 (in each case including
as it forms part of the law of the United Kingdom by virtue of the European
Union (Withdrawal) Act 2018 as that Act is amended from time to time) and
Chapter 12 of the United Kingdom Listing Rules.

Further information on the Company can be found on our internet site:
https://www.man.com/ (https://www.man.com/) .

 

Enquiries

Karan Shirgaokar

Head of Strategy and Shareholder Relations
+44 20 7144 1000 (tel:+442071441000)
shareholder.relations@man.com (mailto:shareholder.relations@man.com)

Georgiana Brunner

Head of Communications
+44 20 7144 1000 (tel:+442071441000)
communications@man.com (mailto:communications@man.com)

Eilís Murphy

Brunswick Group
+44 7974 982471 (tel:+447974982471)
emurphy@BrunswickGroup.com (mailto:emurphy@BrunswickGroup.com)

 

 

 

 

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