REG - Man Group plc - Treasury Share Cancellation & Total Voting Rights

ManAnnouncement

29/06/2022 07:01

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RNS Number : 5343Q  Man Group plc  29 June 2022

Cancellation of Treasury Shares

 

Man Group plc (the Company) announces that on 28 June 2022, it cancelled
28,872,913 ordinary shares previously held in treasury.  Following the
cancellation of these shares the total issued listed share capital of the
Company (the "ISC") as at the date of this announcement comprised
1,414,772,744 ordinary shares of 3(3)/(7) US cents each fully paid. This
figure includes 93,401,678 ordinary shares which are held in Treasury, leaving
a balance of 1,321,371,066 ordinary shares with voting rights.

 

The above figure of 1,321,371,066 may be used by shareholders for the
calculations by which they will determine if they are required to notify their
major interest in, or a change to their major interest in, the Company under
the Disclosure Guidance and Transparency Rules.

 

In addition, the Company has approved the implementation of a standing
non-discretionary authority to enable the automatic cancellation of a
proportion of the Company's treasury shares during closed periods and any
periods during which the Company has inside information (the "Authority").
Pursuant to the Authority, if the number of shares held in treasury reaches 9%
of the ISC, shares held in treasury representing 2% of the ISC will be
cancelled within two business days, such that the remaining shares held in
treasury will represent approximately 7% of the ISC. The Authority does not
prohibit the Company from completing further treasury share cancellations
outside of closed periods and periods during which the Company has inside
information, should it wish to do so. The Authority currently terminates on 31
December 2022 but may be extended by the Company before that date.

 

Contact name:  Elizabeth Woods

 

Contact telephone number: 020 7144 1733

 

 

 

 

 

 

 

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