Commencement of Third Tranche of Share Buyback
Source: RNS
3 April 2023
LEI No: 2138003A5Q1M7ANOUD76
IG GROUP HOLDINGS PLC
Commencement of Third Tranche of Share Buyback Programme
Following the announcement of a share buyback programme of up to £150 million (the "Programme") on 21 July 2022, and the announcement of a £50 million extension to the Programme on 26 January 2023, 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 April 2023 and will end on or before 31 August 2023. This will extend the size of the Programme to a total of up to £200 million.
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 21 September 2022. Pursuant to that authority, the maximum number of shares which remain available for purchase under the Third Tranche is 23,767,538.
Contact information
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IG Group Investor Relations
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IG Group Press |
FTI Consulting |
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Martin Price / Simon Wright 020 7573 0020 / 0099 investors@ig.com |
Alayna Francis 020 7896 0011 / 020 7633 5395 press@ig.com |
Katherine Bell 079 7687 0961 iggroup.sc@fticonsulting.com
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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 Group continues to innovate its offering for the new generation of tomorrow's investors through its IG, 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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