Man Group PLC (EMG.L)
24 Mar 2017
* Phillip Colebatch, who has served as senior independent director , will step down from this role following 2017 AGM on 5 may 2017
* Statutory loss before tax for year ended 31 december 2016 of $272 million
* Board today announces that it has agreed to enter into an irrevocable, non-discretionary arrangement with merrill lynch international to repurchase on its behalf, ordinary shares in company, up to a maximum consideration of usd $100 millio
* Says funds under management (fum) has increased by 6 pct during quarter to $80.7 billion at 30 september 2016 (30 june 2016: $76.4 billion).
* Man group acquires aalto and launches man global private markets
* Reports 5.75 pct passive stake in PCM Inc as of Oct 5 - sec filing Source text for Eikon: (http://bit.ly/2esQWDr) Further company coverage:
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