REG - Man Group plc - Transaction in Own Shares

ManAnnouncement

15/03/2022 07:00

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RNS Number : 7418E  Man Group plc  15 March 2022

 

SECOND TRANCHE OF THE $250 MILLION SHARE BUYBACK PROGRAMME

 

On 8 December 2021, Man Group plc (the "Company") announced its intention to
buy back shares up to a value of $250 million (the "Share Buyback Programme")
with a first tranche of up to $125 million (the "First Tranche"). The First
Tranche began on 8 December 2021 and is expected to complete in the coming
days. The Company now announces that it will commence the next tranche of the
Share Buyback Programme of up to $125 million (the "Second Tranche") following
the completion of the First Tranche.

 

The Company has extended its original irrevocable, non-discretionary agreement
with J.P. Morgan Securities plc to repurchase, on its behalf, the Company's
shares (as announced on 8 December 2021) by increasing the maximum value from
$125 million to $250 million in order to cover the Second Tranche.  No other
amendments have been made to the terms of the original irrevocable,
non-discretionary agreement. Share purchases will take place in open market
transactions and may be made from time to time depending on market conditions,
share price, trading volume and other factors. Share purchases can take place
up to 7 December 2022, and may continue during any closed period to which the
Company is subject.

 

Further details of the Share Buyback Programme are contained in the
announcement entitled 'Share Buyback Programme of up to $250 million', which
was released on 8 December 2021.

 

Enquiries

Karan Shirgaokar

Director, Investor Relations

   +44 (0)20 7144 1434

   investor.relations@man.com (mailto:investor.relations@man.com)

 

Georgiana Brunner

Head of Communications

+44 (0)20 7144 1000

media@man.com (mailto:media@man.com)

 

 Neil Doyle

FTI Consulting

+44 (0)777 1978 220

Man (mailto:Man@FTIConsulting.com) @ (mailto:Man@FTIConsulting.com)
FTIConsulting (mailto:Man@FTIConsulting.com) .com
(mailto:Man@FTIConsulting.com)

 

 

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