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Man Group PLC on Tuesday outlined plans to repurchase $50 million in shares, in line with its distribution policy. The London-based investment management firm will begin buybacks on Tuesday, and expects the scheme to end by May 11, 2027. This is mainly to reduce Man Group’s share capital, and enable the company to meet employment share option obligations. ‘The share buyback programme is in line with the company’s policy to distribute capital to shareholders while maintaining a prudent balance sheet after taking into account required capital and potential strategic opportunities,’ Man Group noted. The company has appointed Barclays PLC to repurchase shares on its behalf. Man Group shares rose 1.5% to 274.00 pence on Tuesday morning in London. Last month, it reported net outflows of $1.6 billion in the first three months of 2026, including a $6.1 billion redemption by a single client. Market consensus cited by JPMorgan had envisaged net inflows of $1.8 billion. Nonetheless, assets under management edged up by 0.5% to $228.7 billion at March 31 from $227.6 billion at the end of 2025, though was below the $231.1 billion consensus estimate. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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