IG Group Holdings plc has disclosed the purchase of its ordinary shares through J.P. Morgan Securities plc. On 21 February 2024, the company bought 42,937 ordinary shares at an average price of 697.5481 pence per share. The highest price paid per share was 704.5000 pence, and the lowest was 693.5000 pence. The total cost of the shares purchased, including dealing and associated costs, since 7 November 2023, amounts to £88,556,226.40. The company intends to cancel the purchased shares, resulting in 377,223,144 ordinary shares remaining in issue.

The detailed information about the purchases made as part of the buy-back program is available in the Schedule of Purchases. This includes the venue, volume-weighted average price, aggregated volume, lowest price per share, and highest price per share. The full breakdown of the individual trades by J.P. Morgan Securities plc is also provided in the Schedule to the announcement.

This transaction reflects the company's strategic decision to repurchase its own shares, which will lead to a reduction in the number of outstanding shares. Such actions can be seen as a way to return value to shareholders and potentially boost the company's stock price.