IGG Ig Group Holdings Plc

TIDMIGG

RNS Number : 5348S

IG Group Holdings plc

07 November 2023

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 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 J.P. Morgan Securities plc ("JPMS plc") to conduct the second tranche of the Programme (the "Second Tranche") of up to GBP150 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 GBP150 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

 
 IG Group Investor       IG Group Press     FTI Consulting 
  Relations 
 Martin Price / Simon    Angela Warburton   Ed Berry / Katherine 
  Wright                  020 7633 5382      Bell 
  020 7573 0020 / 0099    press@ig.com       077 0333 0199 / 079 
  investors@ig.com                           7687 0961 
                                             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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November 07, 2023 02:00 ET (07:00 GMT)

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