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

IG groupAnnouncement

03/02/2025 07:15

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RNS Number : 5547V  IG Group Holdings plc  03 February 2025

 

3 February 2025

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, and the announcement of the £50
million extension of the Programme on 23 January 2025, 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 third tranche of the Programme (the "Third Tranche")
of up to £50 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 Third Tranche will be for a maximum aggregate market value of £50
million, will commence on 3 February 2025 and will end on or before 10 June
2025.

The Third 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 Third Tranche is 28,922,621.

 

Contact information

 Investor Relations                           Media

 Martin Price / Adnan Zab                     Edward Berry / Katherine Bell

 020 7573 0020 / 020 7633 5310                07703 330 199 / 07976 870 961

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