Man Group plc Transactions in own shares & Untraced Shareholders (6453F)

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RNS Number : 6453F

Man Group plc

17 November 2020

Man Group plc

(the 'Company' or 'Man')

Transactions in own shares and Untraced shareholders

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 through J.P. Morgan Securities plc as part of its US$100 million share buyback programme announced on 18 September 2020.

 
 Date of purchase:             17 November 2020 
 Number of ordinary shares 
  purchased:                   276,810 
 Time of transaction:          8:05 to 16:35 
 Highest price per share:      121.6500 
 Lowest price per share:       119.1000 
 Weighted average price per 
  share:                       119.8925 
 

The Company intends to hold the purchased shares in treasury. Following the purchase and settlement of these shares, the Company will hold 78,599,804 of its ordinary shares in treasury and will have 1,463,194,966 ordinary shares in issue (excluding treasury shares).

Since the commencement of the share repurchase programme, the Company has repurchased 15,689,477 ordinary shares in aggregate at a weighted average price of 116.0966 pence per share.

All transactions under this programme will be published on the Company's website (www.man.com) on a weekly basis.

Untraced shareholders

At the Company's 2020 Annual General Meeting, shareholders voted in favour of an amendment to the Company's articles of association to enable the Company to sell the shares of untraced shareholders. These are shareholders who have not claimed or cashed any dividend payments from the Company (or its predecessor companies) over a period of at least twelve years where at least three cash dividends have been paid.

Before proceeding with the sale of shares held by untraced shareholders, the Company has:

- conducted an asset reunification exercise with the aim of reunifying shareholders with their Man Group plc shares, together with any unclaimed dividends attached to those shares; and

- formally notified any untraced shareholders of the Company's intention to sell the shares in the market.

This asset reunification exercise and subsequent share forfeiture notification process were undertaken by EQ, the Company's registrar, earlier this year resulting in 187,663 shares and c. GBP304k worth of dividends being returned to shareholders.

Following the completion of this process, on 16 November 2020 the Company sold into the market the remaining 92,140 unclaimed shares at average price of GBP1.202833 per share.

The net proceeds from this exercise will be used to fund the Man Group plc Charitable Trust which provides grants to charitable organisations that promote literacy and numeracy in the UK.

Enquiries

   Elizabeth Woods, Company Secretary                    [phone] 
   Alex Dee, Head of Investor Relations                      [phone] 

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November 17, 2020 13:30 ET (18:30 GMT)