Commencement of new Share Buyback Programme
Source: RNS
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
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IG Group Investor Relations
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FTI Consulting |
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Martin Price / Adnan Zab 020 7573 0020 / 0099 |
Edward Berry / Katherine Bell 077 0333 0199 / 079 7687 0961
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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.
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