AMP announces $150 million on-market share buyback
Open PDF
| Stock | AMP Ltd (AMP.ASX) |
|---|---|
| Release Time | 27 Mar 2026, 5:03 p.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
AMP announces $150 million on-market share buyback
Key Points
- AMP to undertake $150 million on-market share buyback
- Buyback not to exceed 10% of issued capital over 12 months
- Commitment to returning surplus capital to shareholders
Full Summary
AMP Limited has announced that it will undertake an on-market share buyback of up to $150 million of ordinary shares. The relevant regulatory approvals have been granted for the Buyback, which is expected to commence following the release of AMP's 1Q cashflows on 16 April 2026. The Buyback will not exceed 10% of issued capital over a 12-month period. AMP Chief Executive Alexis George stated that the company remains committed to returning surplus capital to shareholders in the absence of a compelling alternative, and prioritising organic growth in its wealth businesses. The announcement of the on-market share buyback is seen as the most efficient use of capital at this time.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In