t
Man Group plc purchased 2,777,053 of its ordinary shares on 24 March 2023 through J.P. Morgan Securities plc, as part of its US$125 million share buyback programme. The shares were acquired on the London Stock Exchange at a weighted average price of 237.7791 pence, with prices ranging from 234.3000 pence to 241.1000 pence. Following this transaction, the company will hold 96,860,267 shares in treasury, bringing the cumulative repurchases under the programme to 25,979,710 ordinary shares at a weighted average price of 245.8276 pence per share.
| Date | 24 Mar 2023 |
| Time | 17:48:33 |
| Category | Capital structure |
| ID | 2197U |
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 as part of its US$125 million share buyback programme announced on 9 March 2023.
|
Date of purchase: |
24 March 2023
|
|
Number of ordinary shares purchased: |
2,777,053
|
|
Time of transaction: |
08:05 to 16:30
|
|
Highest price per share: |
241.1000
|
|
Lowest price per share: |
234.3000
|
|
Weighted average price per share: |
237.7791
|
The Company intends to hold the purchased shares in treasury. Following the purchase and settlement of these shares, the Company will hold 96,860,267 of its ordinary shares in treasury and will have 1,216,489,692 ordinary shares in issue (excluding treasury shares).
Since the commencement of the share repurchase programme, the Company has repurchased 25,979,710 ordinary shares in aggregate at a weighted average price of 245.8276 pence per share.
All transactions under this programme will be published on the Company's website (www.man.com) on a weekly basis.
The table below contains detailed information about the purchases made as part of the buyback programme.
Schedule of Purchases
Shares purchased: 2,777,053 (ISIN: JE00BJ1DLW90)
Date of purchases: 24 March 2023
Investment firm: J.P. Morgan Securities plc
Aggregated information:
|
Venue |
Lowest price per share |
Highest price per share |
Aggregated volume |
Weighted average purchase price |
|
London Stock Exchange |
234.3000 |
241.1000 |
2,111,357 |
237.7716 |
|
BATS Europe |
234.7000 |
240.9000 |
665,696 |
237.8029 |
Enquiries
Karan Shirgaokar
Director, Head of Investor Relations
+44 (0)20 7144 1434