IG Group Holdings plc Commencement of new Share Buyback Programme
September 25 2024 - 1:00AM
RNS Regulatory News
RNS Number : 4827F
IG Group Holdings plc
25 September 2024
25 September 2024
LEI No:
2138003A5Q1M7ANOUD76
IG GROUP HOLDINGS PLC
Commencement of new Share Buyback Programme
Following the announcement of a new
share buyback programme of up to £150 million (the "Programme") on 25 July 2024, IG Group
Holdings plc ("IG Group")
is pleased to announce that it has instructed UBS AG London Branch
("UBS") to conduct the
second tranche of the Programme (the "Second Tranche") of up to £75 million
(in accordance with certain pre-set parameters).
The sole purpose of the Programme is
to reduce share capital.
The Second Tranche will be for a
maximum aggregate market value of £75 million, will commence on 25
September 2024 and is expected to be completed by 31 January 2025.
It is intended that the purchased shares will be held in
treasury.
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 18 September 2024.
Pursuant to that authority, the maximum number of shares which
remain available for purchase under the Second Tranche is
36,934,031.
Contact information
About IG
IG Group (LSEG:IGG) provides online
trading platforms and educational resources to empower ambitious
clients around the globe. Headquartered in the UK, IG Group is a
FTSE 250 company that offers clients access to ~19,000 financial
markets worldwide.
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