REG - IG Group Hldgs plc - Commencement of 2nd tranche of share buyback

IG groupAnnouncement

07/11/2023 07:00

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RNS Number : 5348S  IG Group Holdings plc  07 November 2023

7 November 2023

LEI No: 2138003A5Q1M7ANOUD76

IG GROUP HOLDINGS PLC

Commencement of Second Tranche of Share Buyback Programme

Following the announcement of a share buyback programme of £250 million (the
"Programme") on 20 July 2023, IG Group Holdings plc ("IG Group") is pleased to
announce that it has entered into non-discretionary instructions with J.P.
Morgan Securities plc ("JPMS plc") to conduct the second tranche of the
Programme (the "Second Tranche") of up to £150 million (in accordance with
certain pre-set parameters) and to make trading decisions in relation to the
Programme independently of IG Group.

The sole purpose of the programme is to reduce share capital.

The Second Tranche will be for a maximum aggregate market value of up to £150
million, will commence on 7 November 2023 and will end on or before 31 July
2024.

The Second Tranche will take place within the limitations of the authority
granted to the Board of IG Group at its annual general meeting, held on 20
September 2023. Pursuant to that authority, the maximum number of shares which
remain available for purchase under the Second Tranche is 40,452,304.

 

Contact information

 IG Group Investor Relations  IG Group Press    FTI Consulting

 Martin Price / Simon Wright  Angela Warburton  Ed Berry / Katherine Bell

 020 7573 0020 / 0099         020 7633 5382     077 0333 0199 / 079 7687 0961

 investors@ig.com             press@ig.com      iggroup.sc@fticonsulting.com

 

About IG

IG Group (LSEG:IGG)
(https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.iggroup.com%2F&data=05%7C01%7CNasia.PachitiPallikaropoulou%40ig.com%7C5d20050a393c470ede8408da6a48e028%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C637939158465717717%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=3PJr8TeTu1xbl3tGvYlFIvrSYmeaW5FZ4qw2qAngYaw%3D&reserved=0)
is an innovative, global fintech company that delivers dynamic online trading
platforms and a robust educational ecosystem to power the pursuit of
financial freedom for the ambitious. For nearly five decades, the Company has
evolved its technology, risk management, financial products, content, and
platforms to meet the needs of its retail and institutional clients. IG Group
continues to innovate its offering for the new generation of tomorrow's
investors through its IG, tastytrade, IG Prime, Spectrum, and DailyFX brands.

Established in 1974, IG Group is a London-headquartered FTSE 250 company
offering its clients access to ~19,000 financial markets through its offices
spread across Europe, North America, Africa, Asia-Pacific and the Middle East.

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