Man Group plc Transactions in own shares & Untraced Shareholders (6453F)
November 17 2020 - 01:30PM
UK Regulatory
TIDMEMG TIDMTTM
RNS Number : 6453F
Man Group plc
17 November 2020
Man Group plc
(the 'Company' or 'Man')
Transactions in own shares and Untraced shareholders
Transactions in own shares
Man Group plc (the "Company") announces that it has purchased
the following number of its ordinary shares of 3 3/7 US cents on
the London Stock Exchange through J.P. Morgan Securities plc as
part of its US$100 million share buyback programme announced on 18
September 2020.
Date of purchase: 17 November 2020
Number of ordinary shares
purchased: 276,810
Time of transaction: 8:05 to 16:35
Highest price per share: 121.6500
Lowest price per share: 119.1000
Weighted average price per
share: 119.8925
The Company intends to hold the purchased shares in treasury.
Following the purchase and settlement of these shares, the Company
will hold 78,599,804 of its ordinary shares in treasury and will
have 1,463,194,966 ordinary shares in issue (excluding treasury
shares).
Since the commencement of the share repurchase programme, the
Company has repurchased 15,689,477 ordinary shares in aggregate at
a weighted average price of 116.0966 pence per share.
All transactions under this programme will be published on the
Company's website (www.man.com) on a weekly basis.
Untraced shareholders
At the Company's 2020 Annual General Meeting, shareholders voted
in favour of an amendment to the Company's articles of association
to enable the Company to sell the shares of untraced shareholders.
These are shareholders who have not claimed or cashed any dividend
payments from the Company (or its predecessor companies) over a
period of at least twelve years where at least three cash dividends
have been paid.
Before proceeding with the sale of shares held by untraced
shareholders, the Company has:
- conducted an asset reunification exercise with the aim of
reunifying shareholders with their Man Group plc shares, together
with any unclaimed dividends attached to those shares; and
- formally notified any untraced shareholders of the Company's
intention to sell the shares in the market.
This asset reunification exercise and subsequent share
forfeiture notification process were undertaken by EQ, the
Company's registrar, earlier this year resulting in 187,663 shares
and c. GBP304k worth of dividends being returned to
shareholders.
Following the completion of this process, on 16 November 2020
the Company sold into the market the remaining 92,140 unclaimed
shares at average price of GBP1.202833 per share.
The net proceeds from this exercise will be used to fund the Man
Group plc Charitable Trust which provides grants to charitable
organisations that promote literacy and numeracy in the UK.
Enquiries
Elizabeth Woods, Company Secretary +44 (0)20 7144 1733
Alex Dee, Head of Investor Relations +44 (0)20 7144 1370
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END
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