IG Group Holdings plc has disclosed the purchase of its ordinary shares through J.P. Morgan Securities plc. On 9th April 2024, the company bought 41,523 ordinary shares at an average price of 728.7681 pence per share. The highest price paid per share was 732.5000 pence, and the lowest was 723.5000 pence. The total cost of these shares, including dealing and associated costs, amounted to £103,860,159.25. The company intends to cancel the purchased shares, leaving 375,083,933 ordinary shares in issue.

This recent purchase is part of a buy-back program initiated by the company since 7th November 2023. In this period, IG Group Holdings plc has acquired 14,718,284 shares. The detailed breakdown of the individual trades by J.P. Morgan Securities plc is available in the Schedule to the announcement.

The company's decision to repurchase its own shares indicates a strategic move to return value to its shareholders and potentially boost the company's stock price. This action also reduces the number of outstanding shares, which can lead to an increase in earnings per share for existing shareholders.