Transaction in Own Shares - Correction

RNS Number : 1729G

Man Group plc

13 March 2020

 

Amendment:

Transaction in own shares

Amendment to the announcement of 16 January 2020 detailing the transaction in own shares by Man Group on the 15 January 2020.  Due to an administrative error by Credit Suisse Securities (Europe) Limited, Man Group's broker, the number of shares purchased on 15 January 2020 was stated incorrectly by 1,701 shares in the original announcement on 16 January 2020. The corrected announcement is included below.

Taking this correction into account and all subsequent Transactions in Own Shares executed since 15 January 2020:

-  the Company has repurchased 25,420,097 ordinary shares since the commencement of the share repurchase programme, in aggregate at a weighted average price of 143.83307 pence per share; and

-  the Company will hold 36,174,806 of its ordinary shares in treasury and will have 1,505,619,964 ordinary shares in issue (excluding treasury shares).

The text of the corrected announcement is detailed below:

Man Group purchased 138,910 of its ordinary shares with a weighted average price of 152.1958 pence per ordinary share pursuant to its US$100 million share repurchase programme, details of which were announced on 14 October 2019.  The highest price paid per share was 153.55 pence and the lowest price paid per share was 151.80 pence. Details of the relevant repurchase transactions are set out below: 

Description of shares: Man Group plc - ordinary shares 3 3/7 cents

Number of shares repurchased: 138,910

Date of transaction: 15/01/2020

Time of transaction: 08.30 to 16.40

Price: 152.1958p

Broker: Credit Suisse Securities (Europe) Limited

Since the commencement of the share repurchase programme, the Company has repurchased 15,586,343 ordinary shares in aggregate at a weighted average price of 149.41151 pence per share.

The Company intends to hold the purchased shares in treasury. Following the purchase and settlement of these shares, the Company will hold 26,345,052 of its ordinary shares in treasury and will have 1,515,449,718 ordinary shares in issue (excluding treasury shares).

The text of the original announcement is detailed below:

Man Group plc (the "Company") announces that on 15 January 2020 it purchased 140,611 of its ordinary shares with a weighted average price of 152.1935 pence per ordinary share pursuant to its US$100 million share repurchase programme, details of which were announced on 14 October 2019.  The highest price paid per share was 153.55 pence and the lowest price paid per share was 151.80 pence. Details of the relevant repurchase transactions are set out below: 

Description of shares: Man Group plc - ordinary shares 3 3/7 cents

Number of shares repurchased: 140,611

Date of transaction: 15/01/2020

Time of transaction: 08.30 to 16.40

Price: 152.1935p

Broker: Credit Suisse Securities (Europe) Limited

Since the commencement of the share repurchase programme, the Company has repurchased 15,588,044 ordinary shares in aggregate at a weighted average price of 149.41179 pence per share.

The Company intends to hold the purchased shares in treasury. Following the purchase and settlement of these shares, the Company will hold 26,346,753 of its ordinary shares in treasury and will have 1,515,448,017 ordinary shares in issue (excluding treasury shares).

All transactions under this programme will be published on the Company's website (www.man.com) on a weekly basis.

Enquiries

Alex Dee

Head of Investor Relations

[phone]

[e-mail]

 

END

 

 

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