Janus Henderson announces On-Market Share buyback

Company News

by Anna Napoli

Fund manager, Janus Henderson (ASX:JHG) has today announced its intention to commence its on-market share buyback programme  from 5 March 2019.

Under the Buyback, Janus Henderson Group intends to spend up to US$200 million to buy its ordinary shares on the New York Stock Exchange (NYSE).

Meanwhile, on the Australian exchange it will buy up its CHESS Depositary Interests (CDIs).

The company says The Buyback will continue until 4 March 2020, but it reserves the right to end the Buyback earlier.

It comes after the Group last month announced fourth quarter net income fell from US$472 million to US$107 million on a quarter on quarter basis due to higher outflows amid heightened market volatility.

Shares in Janus Henderson (ASX:JHG) are trading 1.06 per cent lower at $34.60.