REG - IG Group Hldgs plc - Commencement of new Share Buyback Programme

IG groupAnnouncement

02/08/2023 07:00

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RNS Number : 9823H  IG Group Holdings plc  02 August 2023

2 August 2023

LEI No: 2138003A5Q1M7ANOUD76

IG GROUP HOLDINGS PLC

Commencement of new Share Buyback Programme

Following the announcement of a new 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 Morgan Stanley & Co. International Plc ("Morgan Stanley") to conduct
the first tranche of the Programme (the "First Tranche") of up to £100
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 First Tranche will be for a maximum aggregate market value of £100
million, will commence on 2 August 2023 and will end on or before 12 December
2023.

The First Tranche will take place within the limitations of the authority
granted to the Board of IG Group at its annual general meeting, held on 21
September 2022. Pursuant to that authority, the maximum number of shares which
remain available for purchase under the First Tranche is 26,164,535.

 

Contact information

 IG Group Investor Relations  IG Group Press                       FTI Consulting

 Martin Price / Simon Wright  Alayna Francis                       Katherine Bell

 020 7573 0020 / 0099         020 7896 0011 / 020 7633 5395        077 0333 0199 / 079 7687 0961

 investors@ig.com             press@ig.com (mailto: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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