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

IG groupAnnouncement

12/08/2024 07:00

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RNS Number : 9727Z  IG Group Holdings plc  12 August 2024

 

 

12 August 2024

LEI No: 2138003A5Q1M7ANOUD76

IG GROUP HOLDINGS PLC

Commencement of new Share Buyback Programme

Following the announcement of a new share buyback programme of up to £150
million (the "Programme") on 25 July 2024, IG Group Holdings plc ("IG Group")
is pleased to announce that it has instructed Morgan Stanley & Co.
International Plc ("Morgan Stanley") to conduct the first tranche of the
Programme (the "First Tranche") of up to £75 million (in accordance with
certain pre-set parameters).

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

The First Tranche will be for a maximum aggregate market value of £75
million, will commence on 12 August 2024 and is expected to be completed by 31
October 2024.

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 20
September 2023. Pursuant to that authority, the maximum number of shares which
remain available for purchase under the First Tranche is 19,990,397.

 

Contact information

 IG Group Investor Relations                  IG Group Press                       FTI Consulting

 Martin Price / Adnan Zab                     Angela Warburton                     Edward Berry / Katherine Bell

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

 investors@ig.com (mailto:investors@ig.com)   press@ig.com (mailto:press@ig.com)   iggroup.sc@fticonsulting.com (mailto:iggroup.sc@fticonsulting.com)

 

 

About IG

IG Group (LSEG:IGG) provides online trading platforms and educational
resources to empower ambitious clients around the globe. Headquartered in the
UK, IG Group is a FTSE 250 company that offers clients access to ~19,000
financial markets worldwide.

 

 

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