Man Group Plc (LSE:EMG) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of shares. The purpose of the program is to distribute capital to shareholders while maintaining a prudent balance sheet after taking into account required capital and potential strategic opportunities, reduce the share capital of the company and to enable the Company to meet obligations arising from employee share option programs, or other allocations of shares to employees of the Company or to members of the administrative, management or supervisory bodies of the company, or an associate of the Company.

The repurchase program is valid till March 3, 2025.