Commencement of new Share Buyback Programme
Released : Aug 02, 2023
RNS Number : 9823HIG Group Holdings plc02 August 20232 August 2023
LEI No: 2138003A5Q1M7ANOUD76
IG GROUP HOLDINGS PLC
Commencement of new Share Buyback Programme
Following the announcement of a new share buyback programme of £250 million (the "Programme") on 20 July 2023, IG Group Holdings plc ("IG Group") is pleased to announce that it has entered into non-discretionary instructions with Morgan Stanley & Co. International Plc ("Morgan Stanley") to conduct the first tranche of the Programme (the "First Tranche") of up to £100 million (in accordance with certain pre-set parameters) and to make trading decisions in relation to the Programme independently of IG Group.
The sole purpose of the Programme is to reduce share capital.
The First Tranche will be for a maximum aggregate market value of £100 million, will commence on 2 August 2023 and will end on or before 12 December 2023.
The First Tranche will take place within the limitations of the authority granted to the Board of IG Group at its annual general meeting, held on 21 September 2022. Pursuant to that authority, the maximum number of shares which remain available for purchase under the First Tranche is 26,164,535.
Contact information
IG Group Investor Relations |
IG Group Press |
FTI Consulting |
|
Martin Price / Simon Wright 020 7573 0020 / 0099 |
Alayna Francis 020 7896 0011 / 020 7633 5395 |
Katherine Bell 077 0333 0199 / 079 7687 0961 |
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 Group continues to innovate its offering for the new generation of tomorrow's investors through its IG, 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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