Man Group plc Share Repurchase Programme (0276G)
February 27 2015 - 2:00AM
UK Regulatory
TIDMEMG
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
+44 20 7144 2030
fiona.smart@man.com
This information is provided by RNS
The company news service from the London Stock Exchange
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