Jupiter extends share buyback programme timeline

Continue beyond 31 December 2022

Eve Maddock-Jones
clock • 1 min read

Jupiter Fund Management has extended the timeline its share buyback programme as it falls short of the £10m target by year-end.

The firm announced on 24 October that it was initiating a programme to buyback up to £10m in shares, as part of the company's target to return at least 70% of underlying earnings per share for 2021 and 2022.  Jupiter initiates share buyback as AUM takes hit despite slowing outflows The original end date was set for 31 December 2022, by which point the firm estimated it would have completed its operation, but in an RNS post today (22 December) the company said it had only repurchased about £8m in total, or 6,673,459 ordinary shares. In the statement, it said: "The company confirms t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the Week: New Year Honours; Fundsmith slips down ii list; Another short position against Hargreaves Lansdown

Stories of the Week: New Year Honours; Fundsmith slips down ii list; Another short position against Hargreaves Lansdown

The biggest stories from the world of investment and asset management this week: New Year Honours; Fundsmith; Hargreaves Lansdown

Sarka Halas
clock 05 January 2024 • 1 min read
Partner Insight: Outlook 2024 from Royal London Asset Management

Partner Insight: Outlook 2024 from Royal London Asset Management

Royal London Asset Management
clock 03 January 2024 • 1 min read
Helen Wagstaff

CASCAID founder Helen Wagstaff awarded MBE in New Year Honours List

Services to charity

Investment Week
clock 30 December 2023 • 3 min read
Trustpilot