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IG Group Holdings plc commenced the second tranche of its share buyback programme on 7 November 2023, entering non-discretionary instructions with J.P. Morgan Securities plc. This tranche is for a maximum aggregate market value of up to £150 million, will end on or before 31 July 2024, and has a maximum of 40,452,304 shares remaining available for purchase under the authority granted at its 20 September 2023 AGM. The overall programme, announced 20 July 2023, was for £250 million.
| Date | 7 Nov 2023 |
| Time | 07:00:07 |
| Category | Capital structure |
| ID | 5348S |
7 November 2023
LEI No: 2138003A5Q1M7ANOUD76
IG GROUP HOLDINGS PLC
Commencement of Second Tranche of Share Buyback Programme
Following the announcement of a 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 J.P. Morgan Securities plc ("JPMS plc") to conduct the second tranche of the Programme (the "Second Tranche") of up to £150 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 Second Tranche will be for a maximum aggregate market value of up to £150 million, will commence on 7 November 2023 and will end on or before 31 July 2024.
The Second Tranche will take place within the limitations of the authority granted to the Board of IG Group at its annual general meeting, held on 20 September 2023. Pursuant to that authority, the maximum number of shares which remain available for purchase under the Second Tranche is 40,452,304.
Contact information
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IG Group Investor Relations
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IG Group Press |
FTI Consulting |
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Martin Price / Simon Wright 020 7573 0020 / 0099 |
Angela Warburton 020 7633 5382 |
Ed Berry / Katherine Bell 077 0333 0199 / 079 7687 0961
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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.