IG Group Holdings plc Commencement of 2nd tranche of share buyback (5348S)
07 Noviembre 2023 - 1:00AM
UK Regulatory
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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