Business
Commencement of new Share Buyback Programme
Commencement of new Share Buyback Programme.
About this update from Ig Group Holdings Plc
[{"type":"text","content":"\n\n\n \n3 February 2025\nLEI No: 2138003A5Q1M7ANOUD76\n\nIG GROUP HOLDINGS PLC\nCommencement of new Share Buyback Programme\n\nFollowing the announcement of a new share buyback programme of up to £150 million (the \"Programme\") on 25 July 2024, and the announcement of the £50 million extension of the Programme on 23 January 2025, 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 third tranche of the Programme (the \"Third Tranche\") of up to £50 million (in accordance with certain pre-set parameters) and to make trading decisions in relation to the Programme independently of IG Group.\nThe sole purpose of the Programme is to reduce share capital.\nThe Third Tranche will be for a maximum aggregate market value of £50 million, will commence on 3 February 2025 and will end on or before 10 June 2025.\nThe Third Tranche will take place within the limitations of the authority granted to the Board of IG Group at its annual general meeting, held on 18 September 2024. Pursuant to that authority, the maximum number of shares which remain available for purchase under the Third Tranche is 28,922,621.\n \nContact information\n\n\n\n\nInvestor Relations\n \n\n\nMedia\n\n\n\n\nMartin Price / Adnan Zab\n020 7573 0020 / 020 7633 5310\[email protected]\n\n\nEdward Berry / Katherine Bell\n07703 330 199 / 07976 870 961\[email protected] \n\n\n\n\n \n \nAbout IG\nIG Group (LSEG:IGG) provides online trading platforms and educational resources to empower ambitious clients around the globe. Headquartered in the UK, IG Group is a FTSE 250 company that offers clients access to ~19,000 financial markets worldwide.\n \n\n","length":4506,"tagName":"div"}]