STOCK TITAN

ManpowerGroup Announces New Share Repurchase Program

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
buyback
Rhea-AI Summary

ManpowerGroup (NYSE: MAN) has announced a new share repurchase program, allowing the company to buy back up to 4 million shares of its common stock. This initiative adds to an existing program from August 2019, which had approximately 1.9 million shares left as of June 30, 2021. The repurchase may occur through various methods, including open market purchases and block transactions. This strategic move aims to enhance shareholder value and signals confidence in the company's future prospects.

Positive
  • Authorization of a new share repurchase program for up to 4 million shares.
  • Addition to existing buyback program, signaling confidence in financial health.
  • Potential increase in shareholder value through stock buybacks.
Negative
  • None.

MILWAUKEE, Aug. 6, 2021 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today announced that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to 4 million shares of its common stock.

The new repurchase program is in addition to the share repurchase program authorized in August 2019, of which approximately 1.9 million shares remained available for repurchase as of June 30, 2021. 

Purchases under the new share repurchase program may be made from time to time through open market purchases, block transactions, privately negotiated transactions or other facilities. 

Additional financial information about ManpowerGroup, including stock history and annual shareholder reports, can be found at http://investor.manpowergroup.com.

ABOUT MANPOWERGROUP

ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis and Talent Solutions – creates substantially more value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2021 ManpowerGroup was named one of the World's Most Ethical Companies for the 12th year - all confirming our position as the brand of choice for in-demand talent.

ManpowerGroup. (PRNewsFoto/ManpowerGroup) (PRNewsFoto/)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/manpowergroup-announces-new-share-repurchase-program-301350519.html

SOURCE ManpowerGroup

FAQ

What is the new share repurchase program announced by ManpowerGroup?

ManpowerGroup has authorized a new share repurchase program to buy back up to 4 million shares of its common stock.

How many shares were left from the previous repurchase program of ManpowerGroup?

As of June 30, 2021, approximately 1.9 million shares remained available from the repurchase program authorized in August 2019.

What methods will ManpowerGroup use for its share repurchases?

Purchases may be made through open market purchases, block transactions, privately negotiated transactions, or other facilities.

How does the new share repurchase program affect ManpowerGroup's stock?

The program is expected to enhance shareholder value and may positively impact stock price by reducing the number of outstanding shares.

ManpowerGroup

NYSE:MAN

MAN Rankings

MAN Latest News

MAN Stock Data

2.66B
46.24M
1.45%
103.42%
3.94%
Staffing & Employment Services
Services-help Supply Services
Link
United States of America
MILWAUKEE