IGG Ig Group Holdings Plc

TIDMIGG

RNS Number : 9823H

IG Group Holdings plc

02 August 2023

2 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 GBP250 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 GBP100 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 GBP100 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       IG Group Press         FTI Consulting 
  Relations 
 Martin Price / Simon    Alayna Francis         Katherine Bell 
  Wright                  020 7896 0011 / 020    077 0333 0199 / 079 
  020 7573 0020 / 0099    7633 5395              7687 0961 
  investors@ig.com        press@ig.com           iggroup.sc@fticonsulting.com 
 

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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August 02, 2023 02:00 ET (06:00 GMT)

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