ManpowerGroup Announces New Share Repurchase Program

Rhea-AI Summary

ManpowerGroup announces a new share repurchase program, authorizing the repurchase of up to 5.0 million shares of its common stock. The program is in addition to the previous program, which had approximately 0.9 million shares available for repurchase as of June 30, 2023.

MILWAUKEE, Aug. 4, 2023 /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 ­­­­5.0 million shares of its common stock.

The new repurchase program is in addition to the share repurchase program authorized in August 2021, of which approximately 0.9 million shares remained available for repurchase as of June 30, 2023. 

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 70 countries and territories and has done so for 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2023 ManpowerGroup was named one of the World's Most Ethical Companies for the 14th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit  www.manpowergroup.com. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/manpowergroup-announces-new-share-repurchase-program-301893877.html

SOURCE ManpowerGroup

FAQ

What did ManpowerGroup announce?

ManpowerGroup announced a new share repurchase program.

How many shares can ManpowerGroup repurchase under the new program?

ManpowerGroup can repurchase up to 5.0 million shares of its common stock.

What is the status of the previous share repurchase program?

The previous program had approximately 0.9 million shares available for repurchase as of June 30, 2023.

How can the repurchases be made under the new program?

Repurchases can be made through open market purchases, block transactions, privately negotiated transactions, or other facilities.