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

IG groupAnnouncement

25/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240925:nRSY4827Fa&default-theme=true

RNS Number : 4827F  IG Group Holdings plc  25 September 2024

 

25 September 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 UBS AG London Branch ("UBS") to
conduct the second tranche of the Programme (the "Second 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 Second Tranche will be for a maximum aggregate market value of £75
million, will commence on 25 September 2024 and is expected to be completed by
31 January 2025. It is intended that the purchased shares will be held in
treasury.

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 18
September 2024. Pursuant to that authority, the maximum number of shares which
remain available for purchase under the Second Tranche is 36,934,031.

 

Contact information

 IG Group Investor Relations                  FTI Consulting

 Martin Price / Adnan Zab                     Edward Berry / Katherine Bell

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

 investors@ig.com (mailto:investors@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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCQKQBKQBKDFCB