Nov 6 (Reuters) - Pendal Group Ltd PDL.AX :
* AUTHORISED TRUSTEE OF GROUP EMPLOYEE EQUITY PLANS TO BUY CO'S SHARES UP TO $38.1 MILLION TO HELP DELIVER SHARE REQUIREMENTS FOR NEXT 12-MTHS
* ANTICIPATED SHARES WILL BE ACQUIRED OFF-MARKET FROM EMPLOYEES WHOSE SHARES HAVE BEEN RELEASED FROM RESTRICTION UNDER PLANS