InvestSMART

AMP Limited (ASX:AMP)

ALERT: Price-sensitive ASX Announcement for AMP
Current share price for AMP : $2.150 0.9 (72%)+
Announcement
Release
27 Mar 2026 5:03PM
Price at Release
$1.250
Full Release
download
Summary
AMP Limited announced a $150 million on-market share buyback intended to begin after the release of their first quarter cash flows on 16 April 2026. This move is made possible by obtaining necessary regulatory approvals, and it is framed as a strategy to return surplus capital to shareholders in the absence of more compelling investment opportunities. The buyback will not exceed 10% of issued capital over a 12-month period, aligning with AMP's focus on organic growth within its wealth businesses, as stated by AMP Chief Executive Alexis George.
Key Points
  • AMP Limited announces $150 million on-market share buyback.
  • The buyback will commence following the release of Q1 cash flows on 16 April 2026.
  • Regulatory approvals for the buyback have been obtained.
  • The buyback will not exceed 10% of issued capital over a 12-month period.
  • Focus on returning surplus capital to shareholders in absence of compelling alternatives.
  • Prioritization of organic growth in AMP's wealth businesses.
  • Statement by AMP Chief Executive Alexis George on capital efficiency.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.