Share Repurchase Programme

RNS Number : 0276G

Man Group plc

27 February 2015

 



Man Group plc

Share Repurchase Programme

27 February 2015

Man Group plc

Share Repurchase Programme

Man Group plc (the "Company") announces that it has entered into an irrevocable, non-discretionary arrangement with Credit Suisse Securities (Europe) Limited to repurchase on its behalf ordinary shares in the Company, up to a maximum consideration of US$175 million and subject to certain pre-set parameters, during the period from 27 February 2015 up to and including 31 December 2015 (the "Execution Period"), including during any "close period" or "prohibited period" of the Company (as such terms are defined in the UKLA Listing Rules) which may fall during the Execution Period.  All shares repurchased will be cancelled.

As previously announced on 25 February 2015, the purpose of the share repurchase programme is to return surplus capital to the shareholders.

The arrangement is in accordance with the UKLA Listing Rules and the Company's general authority to repurchase shares and will be discontinued in the event the Company ceases to have the necessary general authority to repurchase ordinary shares.

Enquiries

Fiona Smart
Head of Investor Relations
[phone]
[e-mail]

 

END

 

 

POSEAPAKAELSEFF