Man Group plc (LSE:EMG) announces a share repurchase program. Under the program, the company will repurchase up to $250 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 and reduce the share capital of the company (any shares repurchased for this purpose will be cancelled) 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 (any shares repurchased for this purpose will be held in treasury). The repurchase program is valid till December 7, 2022.