IG Group Holdings plc Commencement of new Share Buyback Programme (9823H)
02 Agosto 2023 - 1:00AM
UK Regulatory
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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