6th Mar 2014 07:54
LONDON (Alliance News) - Man Group PLC Thursday said it has entered into an irrevocable, non-discretionary arrangement with Goldman Sachs International to repurchase shares in the company on its behalf.
Man had previosuly said it would buy back up to a maximum consideration of USD115 million during the period from March 6 to December 19.
All shares repurchased will be canceled. As announced on February 27, the purpose of the share repurchase program is to return surplus capital to shareholders.
Copyright RTT News/dpa-AFX
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