What did AMP Limited (ASX:AMP) announce regarding its capital management?

AMP Limited completed its $150 million on-market share buyback program, which originally commenced on April 17. The wealth management firm repurchased approximately 99 million ordinary shares during this capital management initiative.

What was the average price paid per share in the AMP (ASX:AMP) buyback?

AMP repurchased its ordinary shares at an average price of approximately $1.52 per share. This execution successfully completed the total $150 million capital allocation allocated for the on-market program.

Why did AMP (ASX:AMP) execute a $150 million share buyback?

According to CEO Blair Vernon, the buyback aligns with a disciplined approach to capital management aimed at returning surplus capital to shareholders.

How does the buyback affect AMP (ASX:AMP) shareholders?

The buyback reduced AMP’s circulating share count by approximately 99 million shares, which mechanically increases the ownership stake of remaining shareholders and can support earnings per share (EPS) metrics.

What is AMP’s (ASX:AMP) medium-term strategy for returning capital to investors?

AMP has reiterated an ongoing commitment to returning surplus capital to its investors through a combination of dividends and share buybacks. Management intends to sustain this focus alongside driving growth and cash generation across its core wealth management divisions.

When will AMP (ASX:AMP) provide its next capital strategy update?

AMP is scheduled to deliver its next capital strategy update alongside the release of its first-half financial results on Aug. 6. Retail investors and traders should monitor this date for details on future buybacks, dividend guidance, and balance-sheet allocations.

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AMP finalises $150M on-market share buyback

Written by Jon CuthbertPublished Jun 15, 2026, 6:51 AM

Wealth management firm AMP (ASX:AMP) has finalised its $150 million on-market share buyback.

Commencing on April 17, the programme saw the company repurchase approximately 99 million ordinary shares at an average price of $1.52 per share.

AMP CEO Blair Vernon stated that the completion of the buyback reflects a "disciplined approach to capital management" while maintaining a resilient balance sheet and driving momentum across its wealth businesses.

The company reiterated its ongoing commitment to returning surplus capital to shareholders via dividends and buybacks, noting that a further capital strategy update will be delivered alongside its first-half financial results on Aug. 6.

AMP finalises $150M on-market share buyback

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