MONY Group PLC Share Repurchase Programme
MONY announces £25 million share repurchase programme to run until September 2026.
- Maximum repurchase consideration £25 million
Select text to share a quote on X · sign in to keep highlights & notes in your MONY notes
Share Repurchase Programme
MONY Group PLC ("MONY") today announces that it will commence a share repurchase programme of its ordinary shares of 0.02 pence each (the "Ordinary Shares") up to a maximum consideration of £25 million (the "Programme").
MONY announces that it has entered into an instruction to Morgan Stanley & Co. International Plc ("Morgan Stanley") in relation to the purchase by Morgan Stanley, acting as riskless principal during the period commencing on 23 February 2026 and ending no later than 18 September 2026, of ordinary shares in the share capital of MONY (the "Shares") for an aggregate purchase price of no greater than £25 million and the simultaneous on-sale of such Shares by Morgan Stanley to MONY.
The Programme reflects MONY's ongoing commitment to sustainable shareholder returns, in addition to investment in organic and acquisitive growth, as a path to creating long-term, sustainable shareholder value.
Any purchase of Ordinary Shares done in relation to this announcement will be executed in accordance with the relevant regulations (including but not limited to the Listing Rules and MONY's general authority to make market purchases of Shares.). The shares will be purchased in accordance with the price and volume conditions set out in the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programmes and stabilisation measures as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter. MONY will announce any market repurchase of Ordinary Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred. To the extent permitted by law, Ordinary Shares purchased under the Programme will be cancelled.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.