Company Announcements

Commencement of Share Buyback Programme

Source: RNS
RNS Number : 2164T
IG Group Holdings plc
21 July 2022

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21 July 2022

LEI No: 2138003A5Q1M7ANOUD76


Commencement 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 J.P. Morgan Securities plc ("JPMS plc") to conduct the first tranche of the share buyback programme (the "First Tranche") of up to £75 million on its behalf and to make trading decisions independently of IG.

The Programme will be for a maximum aggregate market value equivalent to £150 million which will be bought back in the form of IG ordinary shares and is expected to be substantially completed during the FY23 period. The sole purpose of the Programme is to reduce share capital.

The First Tranche will be for a maximum aggregate market value equivalent to £75 million and will commence on 21 July 2022 and will end on or before 21 January 2023 (the "Engagement Period"). The Board currently intends to launch a further tranche of up to £75 million later during the FY23 period and further details would be announced before that further tranche begins.

The Programme will take place within the limitations of the authority granted to the Board of IG at its annual general meeting, held on 22 September 2021, pursuant to which the maximum number of shares to be bought back is 43,157,445. JPMS plc may undertake transactions in ordinary shares of IG (which may include sales and hedging activities, in addition to purchases which may take place on any available trading venue or on an over the counter basis) during the Engagement Period in order to manage its market exposure under the First Tranche. Disclosure of such transactions will not be made by JPMS plc as a result of or as part of the First Tranche, but JPMS plc will continue to make any disclosures it is otherwise legally required to make.


Contact information

IG Group Investor Relations


IG Group Press

FTI Consulting

Richard Heading / Simon Wright

020 7573 0742 / 0099

Alayna Francis

020 7896 0011 / 020 7633 5395

Neil Doyle / Katherine Bell

0777 1978 220 / 079 7687 0961



About IG

IG Group (LSEG:IGG) 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, 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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