26th Nov 2007 13:29
Man Group plc26 November 2007 MAN GROUP PLC RETURN OF CASH - DECLARATION OF SINGLE DIVIDEND Return of Cash Update Man Group plc (the "Company") is pleased to provide an update in respect of theReturn of Cash to Shareholders. Single Dividend Earlier today, the Directors of the Company declared a dividend of US$1.40 oneach C Share issued to Shareholders under the Return of Cash who elected, orwere deemed to have elected, for the Single Dividend. The Single Dividend willbecome payable on each such C Share on the First Effective Date. Shareholdersentitled to receive the Single Dividend will be sent cheques in respect of theSterling Equivalent of the Single Dividend by 13 December 2007 unless mandateinstructions are held, in which case payments will be made by BACS to mandatedaccounts by that date. The C Shares issued under the Dividend Alternative will be automaticallyreclassified as Deferred Shares of negligible value on the First Effective Date,being the date on which the Single Dividend becomes payable. An expected timetable of key outstanding events in relation to the Return ofCash is set out as the Appendix to this announcement. Defined terms in this announcement bear the meanings as set out in the circularto Shareholders dated 22 October 2007 unless stated otherwise. Merrill Lynch International, which is authorised and regulated by the FinancialServices Authority, is acting exclusively for Man Group plc and no one else inconnection with the proposed Return of Cash and will not be responsible toanyone other than Man Group plc for providing the protections afforded toclients of Merrill Lynch International or for providing advice in relation tothe Return of Cash. EnquiriesMan Group plc 020 7144 1000Peter ClarkeDavid Browne Merlin 020 7653 6620Paul Downes 07900 244888Lachlan Johnston 07989 304356 About Man Group plc Man Group plc is a leading global provider of alternative investment productsand solutions. The Group employs 1,600 people in 13 countries, with key centresin London and Pfaffikon (Switzerland), and offices in Chicago, Dubai, Hong Kong,Montevideo, Nassau, New York, Singapore, Sydney, Tokyo and Toronto. Man Groupplc is listed on the London Stock Exchange (EMG) and is a constituent of theFTSE 100 Index. Further information on the Man Group can be found atwww.mangroupplc.com. APPENDIX EXPECTED TIMETABLE OF KEY OUTSTANDING EVENTS Single Dividend becomes payable and C Shares in respect of which By 6 Decemberthe Single Dividend is payable automatically reclassify as 2007Deferred Shares Redemption of B Shares under the Immediate Capital Alternative By 6 December 2007 Announcement on a Regulatory Information Service of the Sterling By 6 DecemberEquivalent of US$1.40 payable in respect of the Single Dividend 2007under the Dividend Alternative and the redemption of the B Sharesunder the Immediate Capital Alternative Despatch of share certificates in respect of New Ordinary Shares By 6 Decemberand B Shares issued under the Deferred Capital Alternative and 2007despatch of cheques and CREST accounts credited in respect offractional entitlements Despatch of cheques or payment by BACS to mandated accounts in By 13 Decemberrespect of the Dividend Alternative 2007 Despatch of cheques and CREST accounts credited in respect of the By 13 DecemberImmediate Capital Alternative 2007 Redemption of B Shares under the Deferred Capital Alternative Between 1 Julyexpected to take place 2008 and 7 July 2008 Note: References to times in this announcement are to London times. If any ofthe above times or dates should change, the revised times and/or dates will benotified to Shareholders by an announcement on a Regulatory Information Service. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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