Man Group plc ( (GB:EMG) ) has provided an announcement.
Man Group plc has announced the purchase of 245,839 of its ordinary shares as part of a US$100 million share buyback program. This strategic move, executed with the assistance of Goldman Sachs International, aims to enhance shareholder value by holding the repurchased shares in treasury, thereby reducing the number of shares in circulation and potentially increasing the value of remaining shares.
More about Man Group plc
Man Group plc is a global investment management firm that specializes in offering a diverse range of financial products and services. The company is known for its focus on alternative investments, including hedge funds, and operates in various international markets.
YTD Price Performance: -2.99%
Average Trading Volume: 3,579,776
Technical Sentiment Signal: Hold
Current Market Cap: £2.39B
Find detailed analytics on EMG stock on TipRanks’ Stock Analysis page.