IG Group Holdings plc has announced that it has purchased 241,738 of its ordinary shares from Morgan Stanley & Co. International Plc. The purchase was made in accordance with instructions issued by IG Group on August 1, 2023. The shares were bought on September 8, 2023, with the highest price paid per share being 658.50p and the lowest price paid per share being 651.50p. The volume weighted average price paid per share was 655.81p. IG Group intends to cancel the purchased shares, resulting in a remaining number of ordinary shares in issue of 399,720,517.

Since August 2, 2023, IG Group has purchased a total of 5,389,518 shares at a cost of £36,467,874.87, excluding fees and taxes. A breakdown of the individual trades conducted by Morgan Stanley is available in the Schedule provided in the announcement.

This transaction in own shares is part of IG Group's ongoing share buyback program, which aims to reduce the company's share capital and return surplus capital to shareholders. The buyback program allows IG Group to repurchase its own shares on the open market, providing support to the company's share price and potentially increasing shareholder value.