"Henderson Group plc has today announced its intention to commence its on-market share buyback programme in the week commencing 14 September 2015 (Buyback). Under the Buyback, Henderson Group intends to expend an aggregate maximum amount of £25 million to buy its ordinary shares on the London Stock Exchange (LSE) and to buy its CHESS Depositary Interests (CDIs) on the ASX (in each case through Merrill Lynch International). The Buyback will be completed by 31 December 2015.
Any purchases will be effected in accordance with the Company's general authority to purchase shares and CDIs granted by its shareholders at the Company's 2015 Annual General Meeting and in accordance with all relevant regulatory requirements.
Further information regarding the proposed purchase of CDIs on the ASX is provided in the attached Appendix 3C".
Interesting, so Henderson must think the stock is cheap at these levels....
HGG Price at posting:
$5.38 Sentiment: Buy Disclosure: Held