Man Group plc Treasury Share Cancellation & Total Voting Rights (5343Q)
29 June 2022 - 4:00PM
UK Regulatory
TIDMEMG
RNS Number : 5343Q
Man Group plc
29 June 2022
Cancellation of Treasury Shares
Man Group plc (the Company) announces that on 28 June 2022, it
cancelled 28,872,913 ordinary shares previously held in treasury.
Following the cancellation of these shares the total issued listed
share capital of the Company (the "ISC") as at the date of this
announcement comprised 1,414,772,744 ordinary shares of 3(3) /(7)
US cents each fully paid. This figure includes 93,401,678 ordinary
shares which are held in Treasury, leaving a balance of
1,321,371,066 ordinary shares with voting rights.
The above figure of 1,321,371,066 may be used by shareholders
for the calculations by which they will determine if they are
required to notify their major interest in, or a change to their
major interest in, the Company under the Disclosure Guidance and
Transparency Rules.
In addition, the Company has approved the implementation of a
standing non-discretionary authority to enable the automatic
cancellation of a proportion of the Company's treasury shares
during closed periods and any periods during which the Company has
inside information (the "Authority"). Pursuant to the Authority, if
the number of shares held in treasury reaches 9% of the ISC, shares
held in treasury representing 2% of the ISC will be cancelled
within two business days, such that the remaining shares held in
treasury will represent approximately 7% of the ISC. The Authority
does not prohibit the Company from completing further treasury
share cancellations outside of closed periods and periods during
which the Company has inside information, should it wish to do so.
The Authority currently terminates on 31 December 2022 but may be
extended by the Company before that date.
Contact name: Elizabeth Woods
Contact telephone number: 020 7144 1733
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