Last checked at 6 Mar 2014 07:00
Man Group plc
Share Repurchase Programme
Man Group plc (the "Company") announces that it has entered into an irrevocable, non-discretionary arrangement with Goldman Sachs International to repurchase on its behalf ordinary shares in the Company, up to a maximum consideration of US$115 million and subject to certain pre-set parameters, during the period from 6 March 2014 up to and including 19 December 2014 (the "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 Period. All shares repurchased will be cancelled.
As previously announced on 27 February 2014, the purpose of the share repurchase programme is to return surplus capital to 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