REG - IG Group Hldgs plc - Commencement of Second Tranche of Share Buyback

IG groupAnnouncement

25/10/2022 07:00

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RNS Number : 9441D  IG Group Holdings plc  25 October 2022

25 October 2022

LEI No: 2138003A5Q1M7ANOUD76

IG GROUP HOLDINGS PLC

Commencement of Second Tranche of Share Buyback Programme

Following the announcement of its Capital Allocation Framework and a share
buyback programme of up to £150 million (the "Programme") on 21 July 2022, IG
Group Holdings plc ("IG") is pleased to announce that it has entered into
non-discretionary instructions with Goldman Sachs International ("Goldman
Sachs") for Goldman Sachs to conduct the second tranche of the share buyback
programme (the "Second Tranche") of up to £75 million for IG (in accordance
with certain pre-set parameters) and to make trading decisions in relation to
the Programme independently of IG.

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

The Second Tranche will be for a maximum aggregate market value equivalent to
£75 million and will commence on 25 October 2022 and will end on or before 31
May 2023 (the "Engagement Period"). This represents the second and final
tranche of the share buyback programme of up to £150 million which was
announced on 21 July 2022. The first tranche commenced on 21 July 2022, and
completed on 12 October 2022.

The Second Tranche will take place within the limitations of the authority
granted to the Board of IG at its annual general meeting, held on 21 September
2022, pursuant to which the maximum number of shares to be bought back is
43,015,803.

 

Contact information

 IG Group Investor Relations     IG Group Press                  FTI Consulting

 Richard Heading / Simon Wright  Alayna Francis                  Katherine Bell

 020 7573 0742 / 0099            020 7896 0011 / 020 7633 5395   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
continues to innovate its offering for the new generation of tomorrow's
investors through its IG.com, 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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