LONDON - Vanguard Funds PLC and Legal & General (LON:LGEN) UCITS ETF PLC have recently completed a series of share repurchases, affecting various funds under their management. These transactions, which took place between January 6 and January 13, 2025, involved the early repurchase of shares, resulting in adjustments to the nominal holdings within the respective funds.
The repurchase activities encompassed a range of funds with different ISINs, indicating a strategic approach to managing the funds' share counts and market presence. For instance, Vanguard Funds PLC repurchased shares of its funds with ISINs IE00BZ163G84, IE00B3VVMM84, and IE00BKX55T58, among others, with markdown amounts varying from as low as 6.00 shares to as high as 270,000.00 shares. The remaining balances post-repurchase reflect a decrease in the number of shares outstanding.
Legal & General UCITS ETF PLC followed a similar pattern, with repurchases impacting funds such as those with ISINs IE00B3CNHG25 and IE00B4QNK008. The markdown amounts for these repurchases ranged from 30,000.00 shares to a significant 1,200,000.00 shares, leading to new remaining balances for each fund.
Additionally, Invesco Markets II PLC also partook in the repurchase process, with markdown amounts ranging from 9,030.00 shares to 53,912.00 shares for funds with ISINs such as IE00BFZPF322 and IE00BF2FN646.
The value date for these repurchases was consistently reported as the date the transactions were executed, spanning from January 6 to January 13, 2025. The repurchase transactions are a common practice in the fund management industry, often used to manage the share capital structure and can potentially impact the net asset value (NAV) per share for remaining investors.
These repurchase operations were disclosed in a press release statement from the Bank of New York Mellon (NYSE:BK), which serves as the source of this information. The statement provides a detailed account of the transactions, ensuring transparency for investors and stakeholders.
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