AMP Ltd - has resolved to commence a second tranche of on-market share buybacks of up to A$150m

AMP Limited has announced the commencement of a second tranche of on-market share buybacks, with a maximum value of A$150 million, following regulatory approval. The buyback is set to begin after the company releases its first-quarter cashflow results on 16 April 2026. The program will not exceed 10% of issued capital over a 12-month period.

AMP’s chief executive, Alexis George, stated that the initiative reflects the company’s strategy to return surplus capital to shareholders in the absence of more compelling investment opportunities. The decision underscores AMP’s focus on capital discipline and aligns with its broader emphasis on organic growth in wealth management.

The move has been interpreted by some analysts as a potential indication that AMP may no longer be pursuing a $5 billion Colonial First State acquisition, as previously speculated. The buyback reinforces AMP’s current capital allocation priorities and signals confidence in its ability to generate value through share repurchases.

AMP Limited operates as a diversified financial services group in Australia, primarily focused on wealth management and related financial products.