Commencement of Second Tranche of Share Buyback

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

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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

020 7573 0742 / 0099

investors@ig.com

Alayna Francis

020 7896 0011 / 020 7633 5395

press@ig.com

Katherine Bell

077 0333 0199 / 079 7687 0961

iggroup.sc@fticonsulting.com

 

 

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 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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